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The Sequester Effect: FHA Services Will Slow

February 28, 2013
George Brooks
FHA staff could be furloughed if the federal sequester happens Thursday night.
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Short Takes: Wells Hires Someone to Manage JVs / Cordray Will Be Confirmed? / Ocwen Posts Results but Analysts are Not Impressed / HUD Writing its Own QM Rule for FHA Loans

February 28, 2013
Brandon Ivey, Paul Muolo, and Thomas Ressler
Wells Fargo has not given up on mortgage lending JVs after all and has hired someone to manage them.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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