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Short Takes: The Reasoning Behind a 30 Percent QRM Downpayment / PrimeLending Gets a New President / The CFPB Isn’t All Bad? / Another CFPB Lawsuit Coming? / More Money to Bulldoze Homes in Motown

August 27, 2013
Paul Muolo
The FDIC will raise the question of a 30 percent downpayment but don't expect to see it in the final QRM rule.
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Short Takes: FHA Bears May Be Disappointed / HLSS Starts Road Show / First Valuation Cuts Workforce / Vacation Markets Could be Hammered by Flood Insurance Hikes / CFPB Loses Another Top Officer

August 26, 2013
Paul Muolo and Thomas Ressler
FHA is seeing its cash reserves increase more than expected. Meanwhile, yet another mortgage vendor is laying off workers.
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What We’re Hearing: Florida Capital Cuts Staff, Doesn’t Look Back / Is Wells Retreating From Mortgage Banking? / The Only Lenders Loosening Standards Are Credit Unions / Wanted: LOs with Strong Ties to Realtors, Builders / Fortress Hunts MSRs

August 23, 2013
Just how brutal will this mortgage correction be? One thing's for certain: loan officers with close ties to Realtors and builders will be golden.
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Wells Moves Closer to Large MSR Sale, Lays Off 2,300; LOs Spared

August 22, 2013
Paul Muolo
A spokesman for Wells Fargo told Inside Mortgage Finance that “most of the displacements were on the fulfillment/processing side” of the business and did not include loan officers.
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Short Takes: LoanDepot Chief Promises No Layoffs in Merger Deal / Hedge Funds Short PHH / Flagstar’s MSR Deal Not Quite Done / FDIC to Meet on Mortgage Risk Retention / Who Cares About GSE Reform?

August 22, 2013
When LoanDepot and imortgage.com merge don't expect any layoffs to occur. Meanwhile, speculators are shorting PHH's stock.
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Short Takes: Cerberus Eyes More Mortgage M&A / California Lenders Expand to East Coast / Altisource Buys Equator / CFPB Slams Nonbanks and Depositories for Poor Servicing Practices / CFPB Targets Morgan Drexen

August 21, 2013
Paul Muolo and Thomas Ressler
Cerberus Capital is contemplating purchasing additional mortgage banking firms. Meanwhile, the CFPB doesn't like what it sees in the servicing space when it comes to customer service.
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Short Takes: How Many Blown Dodd-Frank Deadlines Are There? / Chase Layoffs Hit San Ramon / Navy Federal Actually Cuts Rates / A Five-Percent Mortgage Soon? / CoreLogic Has Something for Servicers

August 20, 2013
Paul Muolo and Thomas Ressler
Okay, so banking regulators have blown multiple Dodd-Frank rule making deadlines. But for now the QM rule is on track. Right?
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What We’re Hearing: Fannie About to Reduce Maximum LTV / Rate Rise Causing the Phones to Stop Ringing? / Arch Capital Wants to be a Player in MI / Cole Taylor Continues to Hire / Waiting for Godot and Sen. Reed’s GSE Bill / Can Ellie Mae Get Sol

August 16, 2013
Fannie Mae will lower its maximum LTV. Mortgage insurance firms are not happy. Meanwhile, NAMB blames shrinking application volumes on summer vacations.
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Short Takes: PennyMac’s Recent NPL Deals Near $1 Billion / Cash-Out Refis Continue to Tank / MGIC Shows More Progress / MountainView Hopes to Capitalize on Mortgage M&A / Surprise: HUD Cancels Some Furlough Days

August 15, 2013
George Brooks and Paul Muolo
PennyMac is once again stepping up to the NPL plate with some major deals. Meanwhile, cash-out refis continue to dwindle.
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Fannie, Freddie Capital Markets Staff Turnover Mitigated For Now

August 14, 2013
Charles Wisniowski
The IG's evaluation survey found that the total cumulative voluntary attrition rate at Fannie’s capital markets group “increased somewhat” from January 2010 through 2012.
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