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Biden Nominates Former Fannie, JPM Executive McCargo to Helm Ginnie Mae

September 14, 2021
Monica Hogan
Former Ginnie president Ted Tozer said now that Biden has made his pick, he hopes the process moves forward in a timely manner.
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Impac Executive Donatacci Departs for The Money Source

September 14, 2021
Paul Muolo
Donatacci joined the non-QM and conventional lender roughly two years ago.
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President Biden to Tap Mike Calhoun for FHFA Director

September 13, 2021
Dennis Hollier
The CRL leader has come out in favor of restructuring the enterprises as regulated utilities, something the National Association of Realtors favors...
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Short Takes: Finally, a Ginnie President? / A Debt Revival? / High Expectations for Penny Mac / New Lows (for Some MBs) / Enact Readies IPO

September 13, 2021
Paul Muolo
Time for more debt offerings? It depends on who you are.
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Wells' Regulatory Woes Continue to Linger. Bank Can't Sell, Transfer MSRs

September 10, 2021
Paul Muolo
In a statement, bank CEO Charlie Scharf said, “Building an appropriate risk and control infrastructure has been and remains Wells Fargo’s top priority. The OCC’s actions today point to work we must continue to do to address significant, longstanding deficiencies.”
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Wells Fargo Picks Caliber Executive to Head Servicing Platform

September 8, 2021
Paul Muolo
At Caliber, Thorn served as chief loan administration officer and was responsible for all production and servicing tied to the nonbank’s four channels. During her career, she also has worked for megabanks Bank of America and JPMorgan Chase.
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Mortgage Employment Reading Continues to Defy the Odds

September 3, 2021
Paul Muolo
In the broker segment, new hiring for the month improved by 3,200 heads to 124,800. Both the banker and broker readings represent 10-year highs and then some.
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FHLBs Bristle at FHFA Policy on Executive Pay

September 2, 2021
Dennis Hollier
In its comment letter, FHLB San Francisco essentially said: None of your business.
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FHFA Fills Key Vacancies, As Thompson Taps Hill, Private Sector

August 31, 2021
Dennis Hollier
Thrift takes over at Congressional Affairs after 15 years as a House staffer, including almost six years in Rep. Blumenauer’s office.
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Former GNMA President Tozer Urges White House to Pick a GNMA Chief (Now)

August 27, 2021
Paul Muolo
Some servicing brokers have suggested to IMFnews the RFI, in some cases, has caused buyers of Ginnie servicing rights to reduce the value of their bids.
Read More
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Latest Imf News

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