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Is Trump Pondering a Ginnie Mae Pick? Or Something Else?

November 6, 2019
Paul Muolo

“Acting” is a title worn by many political appointees in the current administration…


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Short Takes: Time to Raid Your Competitor for LOs? / Watching Rates Rise / Apple Unveils Mortgage Assistance Program / IMA Selling S&D Loans / NAR Hires HUD Official, Deephaven Taps Quicken AE

November 5, 2019
Paul Muolo and Brandon Ivey

In case you haven’t noticed, the yield on the benchmark 10-year Treasury was at 1.86% as IMFnews went to press compared to 1.46% in early September. That’s a difference of 40 basis points…


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Short Takes: Less Bonus Money for Certain Fannie Executives / About the CEO Salary Cap… / A Weak Reading on New Applications / GR Announces JV / A Promotion at PrimeLending

October 30, 2019
Paul Muolo

Happy Holidays from the FHFA: Certain Fannie Mae executives will see a reduction in "deferred" compensation...


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What We’re Hearing: Surprise: $700 Billion / That Was Then, This is Now / A Head Fake? / Born Again via Receivership or Conservatorship? / Don’t Bet On It / Stearns Exec Bolts for CMG Mortgage

October 25, 2019
Paul Muolo

And now for the big question: Where do we go from here?


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Short Takes: Calabria Open to Wiping Out Shareholders / Compass Offers Bridge Loan Services / Snapdocs Hiring in Denver

October 23, 2019
Dennis Hollier and Yemeng Yang

Federal Housing Finance Agency Director Mark Calabria Tuesday raised eyebrows when he told the House Financial Services Committee during a hearing housing finance reform that he is open to wiping out the shareholders...


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Short Takes: Flagstar 3Q Production / GSE Reform Testimony Commences / Falling Existing Home Sales / QM Rule Suggestion / New Hires at Promontory MortgagePath

October 22, 2019
Yemeng Yang

Flagstar Bancorp originated $9.3 billion home mortgages in the third quarter, posting a net profit of $63.0 million, according to figures released Tuesday morning ...


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After the SCOTUS Says Yes to CFPB Case, the Industry Weighs In

October 21, 2019
Yemeng Yang

A single-director structure at the CFPB in which the president has complete authority to put some new in charge will be even more negative for financial firms than the status quo, said one analyst.


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What We’re Hearing: Talk of a GSE Legal Settlement? / Using Consent Decrees / Goldman’s New Prime Non-Agency MBS / Fannie Exec Departs for Industry Vendor

October 18, 2019
Paul Muolo

In a report released Friday morning, Cowen Washington Research Group analyst Jaret Seiberg noted that banking regulators have been using consent decrees for years. “Such orders also tend to include conduct restrictions on the banks,” he said…


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Ginnie Mae Has No President at All. Is That a Problem?

October 18, 2019
Paul Muolo

Maren Kasper graciously lauded the career staff of Ginnie, telling investors the agency is in good hands…


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Short Takes: Ginnie’s Kasper Takes Her Bow / Discovering Japan? (Appleton) / Better Times at Better.com (And a New Hire) / DocMagic Launches Mobile App / Exec Departs Caliber for Flagstar

October 17, 2019
Paul Muolo

Mortgage “fintech” specialist Better.com is hitting the ball out of the park these days on originations. Better is based in New York...


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