QM Could Survive Ruling That Overturns Cordray Appointment February 27, 2013 Thomas Ressler The "Qualified Mortgage" rule will survive any legal testing of the authority of CFPB chief Richard Cordray.Read More
Short Takes: The Dwindling JV Empire of Wells Fargo / More Layoffs for Foreclosure Review Specialists? / Where Are Fannie’s Earnings? / Vericrest is Hiring February 27, 2013 Paul Muolo Wells Fargo says it is committed to its remaining joint venture lending partners but isn't giving out any names on the JVs.Read More
JPM Will Slash Mortgage Staff, Sells MSR Platform to Wingspan February 26, 2013 Paul Muolo JPMorgan Chase will slash thousands of mortgage workers over the next 20 months.Read More
Nationstar CFO David Hisey Will Earn at Least $1.375 Million February 25, 2013 Paul Muolo Nationstar Mortgage signs a new employment contract with one of its top executives, CFO David Hisey.Read More
Short Takes: The Myth Surrounding Redwood’s Delinquencies / Jumbo Loan Prices Red Hot / $30,000 a Year in Flood Premiums? / GSEs Paying Their Subservicers How Much? February 25, 2013 Brandon Ivey and Paul Muolo Jumbo loan prices are red hot.Read More
For Almost Nothing Walter Gets $12 Billion in Annual Production? February 19, 2013 Paul Muolo Walter Investment is buying the residential origination platform of Ally Bank for next to nothing.Read More
Former Countrywide Executive Up for Top Job at Vericrest? February 14, 2013 Paul Muolo Joe Anderson, who worked at Countrywide Financial Corp. for 17 years and then Nationstar, is considered the top candidate to get the CEO job at Vericrest Financial. Read More
Stonegate Launches Jumbo Conduit, But No Securitizations Right Away February 14, 2013 Paul Muolo Stonegate Mortgage has launched a new jumbo conduit, hiring Eric Schlotz, a 15-year veteran from GMAC-RFC in Minneapolis, to manage the operation.Read More
Short Takes: FHA Chief Worries About Pricing Borrowers Out of the Market / Fortress Has Plenty of Cash to Spend on MSRs / Former Freddie Executive Key Player in Cerberus REIT / New Penn Hires Correspondent Chief / Fay Servicing Who? February 13, 2013 George Brooks and Paul Muolo Fortress Investment Group has raised $1.6 billion to buy mortgage assets, including servicing rights.Read More
Short Takes: BlackRock Hikes Stake in Redwood / Nationstar Has No Shortage of Bankers / Fed Governor Worries About MBS-Investing REITs / Dems Want Action on DeMarco’s Successor / Radian Loses Money But… February 11, 2013 Paul Muolo and Charles Wisniowski Is BlackRock up to something regarding its investment in Redwood Trust? Read More
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