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Short Takes: Mortgage Déjà Vu / A Warehouse Securitization From loanDepot / Throwing Cold Water on Downsizing by Homeowners: Rates / A Promotion at Impac

December 9, 2020
Paul Muolo

According to Moody’s, prior to the securitization, loanDepot had sponsored five warehouse deals totaling $1.8 billion...


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Biden Picks Rep. Fudge of Ohio to Lead HUD

December 9, 2020
Paul Muolo

First elected to Congress in 2008, the African-American legislator began her public career in the Cuyahoga County Prosecutor’s Office in Ohio. She is not a member of the House Financial Services Committee...


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Short Takes: A Boatload of Liquidity for Quicken / Bulk MSR Packages on the Move / A CMBS Deal from Angel Oak Capital / Another Sunshine State Branch for AO / CSS Gets a New CTO

December 8, 2020
Paul Muolo

More liquid is better than less liquid, especially during a refi bonanza...


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Architect of FHFA’s New Capital Rule, Adolfo Marzol, to Depart

December 4, 2020
Dennis Hollier

Marzol described the capital rule, which was finalized in November, as “a key milestone on the path to responsibly ending the conservatorships.”


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Waiting for Word from Caliber on an IPO Date

December 4, 2020
Paul Muolo

A few weeks back, Caliber CEO Sanjiv Das was part of an online panel on affordable housing. The other panelists: former President Bill Clinton and Atlanta Mayor Keisha Lance Bottoms...


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CFPB Announces Additions to Leadership Team

December 1, 2020
Yemeng Yang

The CFPB announced additions to its executive team, despite chatter that President-elect Joe Biden will make dramatic changes to the agency's leadership.


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Biden’s CFPB to Focus on QM Rule, Servicer Compliance

November 25, 2020
Yemeng Yang

Attorney Joann Needleman: "The transition team that Biden has put together to look at the CFPB is extremely telling"...


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Legal Trouble Ahead for LOs and ‘Producing’ Branch Managers?

November 23, 2020
Yemeng Yang

One area that many lenders have questions about: branch managers who also produce loans...


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Mortgage Employment Rises Yet Again. LOs Morphing Into Brokers?

November 23, 2020
Paul Muolo

The big question for the industry: Once production finally slows next year, will lenders trim retail and opt to use brokers since the latter only get paid if the loan closes?


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Biden’s Anointed Chief of Staff Has Strong Fannie Ties

November 22, 2020
Dennis Hollier

Klain was a registered Fannie Mae lobbyist from 2002 to 2005...


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