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Exodus, The Movement of the GSE People

February 23, 2021
Dennis Hollier

The industry veteran joins a growing list of highly regarded members of GSE leadership who have recently decamped for greener pastures in private enterprise.


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Ocwen’s Overseas Headcount Declines Year-Over-Year

February 22, 2021
Paul Muolo

Ocwen: “Of our foreign-based employees, more than 70% were engaged in our servicing operations"...


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Heads Up: CFPB Looking to Hire Attorneys

February 12, 2021
Brandon Ivey

CFPB's acting director said more attorneys are needed to achieve his goal of "vigorous oversight of all applicable federal laws and the fullest utilization of our legal authorities."


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Short Takes: GSE Origination Flexibilities Extended / Few Foreclosures / Non-QM MBS from Caliber / Equitable Housing Hires at Freddie

February 11, 2021
Brandon Ivey

FHFA extended various origination flexibilities related to GSE mortgages through the end of March.


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Short Takes: Forbearance Down Slightly / Foreclosures a Concern / 1Q Originations Steady at NewRez / Ocwen Hires New Growth Officer

February 9, 2021
Brandon Ivey

While the share of mortgages in forbearance declined at the end of January, more than one million borrowers feel they're at risk of foreclosure.


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Mortgage Lenders Getting Catfished by Scammers?

February 4, 2021
Dennis Hollier

In a red hot hiring market, it appears that some lenders are being scammed by phony resumes...


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Short Takes: Home Point Downsizes IPO / Former Freddie CEO Joins Commercial Mortgage Lender / Forbearance Reading Increases / Dynex Raises Cash

January 29, 2021
Brandon Ivey

Home Point planned to sell 12.5 million shares at as much as $21 per share but the nonbank lender ended up with a smaller IPO.


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Nominee to Head HUD Noncommittal on Potential Cut to FHA Premiums

January 29, 2021
Maria Volkova

If conformed to run HUD, Marcia Fudge plans to discuss a reduction to FHA premiums with HUD staff then have further discussions with members of Congress.


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LBA Ware: LO Earnings Accelerate in 4Q20

January 28, 2021
Dennis Hollier

As LBA Ware CEO Lori Brewer put it, “They were rewarded for their long hours with robust compensation checks.” However, with rates predicted to fall in 2021, loan teams will probably have to focus more on purchase loans, Brewer said.


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Sweet Take Home Pay for IPO-Bound CEOs

January 27, 2021
Paul Muolo

A distant second was James Furash of AmeriHome with $13.2 million.


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