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Notable but Not a Total Surprise: Shift in Enforcement Activity Under CFPB Chief Kraninger

July 16, 2019
Yemeng Yang

Keep in mind: A handful of senior officials who worked in the bureau’s supervision and enforcement division quit this year, including Assistant Director Christopher D’Angelo and Enforcement Director Kristen Donoghue...


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Short Takes: The Partners of Stearns Lending / Details of a Large MSR Sale to Freedom / Trump White House Goes Chicken on Reform? / A Negative for the Campaign? / A New CFO for Guaranteed Rate

July 15, 2019
Paul Muolo

The Trump White House is apparently worried about how GSE reform might screw up the mortgage market, especially around election time. Go figure...


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FHFA Changes Course on Constitutionality Question

July 10, 2019
Dennis Hollier

The for-cause provision has been front and center in a case currently before the Fifth Circuit...


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Short Takes: M&A in the Tech Space / It’s a Revolution? / Amazon and loanDepot? Whatever Happened to that One? / Angel Oak Weighs In on Non-QM Market

July 10, 2019
Paul Muolo

Meanwhile, whatever happened to all that chatter about Amazon.com buying loanDepot?


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Fannie Offering Employee Buyouts. A Reaction to ‘Recap & Release’?

July 10, 2019
Paul Muolo

As of January 2019, Fannie employed 7,400 people compared with 7,200 a year earlier, according to 10-K filings with the Securities and Exchange Commission. There was no mention of the word “buyout” or “buyouts” in the SEC filing.


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Short Takes: When Two Parties Don’t Agree: BK / Sorting Through the Possibilities / A Strong 2Q19 Reading from Stearns / The Rocket Loans APR: 7.16% / Recruiter Rick Glass Retires

July 9, 2019
Paul Muolo

The privately held Stearns originated $4.5 billion of home mortgages during the second quarter, a 45% sequential gain…


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Short Takes: Donald J. Trump and GSE Reform / Doing the Math on Striking a Deal with Shareholders / Mr. Cooper’s Legal Eagle to Retire / Joe Garrett’s Bold Idea / New LO Hires for PrimeLending

July 8, 2019
Paul Muolo

We understand from informed sources that paying off Fannie/Freddie shareholders (the ones suing Uncle Sam) is calculation that certain federal officials have entertained.


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The State of Mortgage Hiring: Sort of Flat

July 8, 2019
Paul Muolo

Despite the so-so reading from the government, nonbank mortgage giants the likes of loanDepot and United Wholesale Mortgage continue to hire in large numbers.


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Short Takes: Bob Ryan Departs FHFA / The Live Well Mystery / A Unicorn of Sorts: Ginnie IOs Backed by HECMs? / Entering Chapter 7 / Mortgage Applications Decline Ever So Slightly / A New Hire for ACES

July 3, 2019
Paul Muolo

FHFA Director Mark Calabria on Bob Ryan: “Bob’s advice and counsel during my transition have been invaluable. I greatly appreciate his service at FHFA during the past five years and his role in helping ensure liquidity and funding for the nation’s housing finance system...”


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A New Non-QM Lender Emerges, Catering to High Net Worth Individuals

July 3, 2019
Brandon Ivey

Executives at PCMA have resumes that include stints at Secured Funding Corp., New Century Financial, Countrywide Home Loans, and Ameriquest Financial…


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