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loanDepot Plans to Hire 1,400 by Year-End

June 20, 2019
Brandon Ivey

loanDepot offers paid apprenticeships for entry-level employees and an Uber-like model that allows employees to work "anytime, anywhere, on their own schedule."


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Short Takes: Chairman Powell, Do You Mind Staying on as Janitor? / That Was Then, This is Now / Waiting on the FOMC / A Big Promotion at Fannie Mae / Cuts at Fifth Third / Dave Jeffers’ New Job

June 19, 2019
Paul Muolo

Fannie Mae this week promoted Strategy Advisor Andy Peters to vice president and head of single-family strategy. He joined the government-sponsored enterprise last fall...


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New Rez Makes $1B Bid for Ditech Assets. Reverse Unit Will Be Sold As Well

June 18, 2019
Paul Muolo

As part of Ditech’s dissolution, the company also disclosed that its reverse lending division – Reverse Mortgage Solutions – will be sold via a stock and asset deal to Mortgage Assets Management LLC for an undisclosed sum.


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Short Takes: Rate Cut Coming? / Keeping an Eye on the 10-Year … and the UMBS / Busy Lenders / Brokers Gain on Retail LOs / SFIG Meets with FHFA / Greystone Hires Freddie Mac Executive

June 17, 2019
Paul Muolo

Look out below on rates? The FOMC meets this Wednesday and some market watchers are predicting a surprise rate cut...


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Short Takes: Coming Clean on GSE CRTs / Do a Study / A World Dying for Yield / The CFPB is Doing What? / New Rez Readies New MBS / A Major Spike in Loan Applications / Waterstone Promotes Ziebell to GC

June 12, 2019
Paul Muolo, Brandon Ivey, and Yemeng Yang

Apparently, the Consumer Financial Protection Bureau is busy pursuing fair lending supervision and enforcement cases. Stay tuned...


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Short Takes: Are the GSEs SIFI? It All Depends / No Witness List Yet for the Hearing / Phillips’ Replacement? / An M&A Deal Among Vendors / GAO Weighs in on Carson’s Spending Habits

June 10, 2019
Paul Muolo
Is the vendor sector ripe for M&A activity?
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Mortgage Employment Outlook Improves. UWM and AOMS are Hiring

June 10, 2019
Paul Muolo

Help needed far and wide: Loan officers and processors...


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What We’re Hearing: A Speculator’s Dream (or Nightmare) / Feeling Good These Days: Warehouse Banks and their Customers / Habib Sees a Recession Coming / Throwing Cold Water on a Quick Stock Sale by Fannie and Freddie

June 7, 2019
Paul Muolo

A Fannie/Freddie stock sale could take three to four years, says Raymond James & Associates in a new report...


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Short Takes: A Fannie-Freddie IPO? Not So Fast / $20 a Share? / When in Doubt, Pick the White Guy Category / If Cordray Was Running the CFPB… / New Hires for Waterstone, LoanLogics

June 6, 2019
Paul Muolo

If Democratic-appointee Richard Cordray was still in charge at the CFPB would the Freedom Mortgage fine be larger?


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In Trying to Prevent a ‘Hard Stop,’ Freedom Mortgage Runs Afoul of HMDA

June 6, 2019
Yemeng Yang

The CFPB said the practice was not limited to a specific location, loan officer or time period...


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