Short Takes: Mr. Cooper’s Sliding Share Price / A GAAP Loss Coming / Time to Unload a Position in Invitation Homes / New Applications Decline / Wells Fargo Snatches Top Mortgage Tech Official from JPM May 29, 2019 Paul Muolo Blackstone-related investors plan to unload 40 million shares of Invitation Homes stock...Read More
MBS Trading Volume Declines as Investors Worry About Rates, Speeds May 29, 2019 Paul Muolo The strongest MBS trading month of the year came in March at $269.9 billion... Read More
Short Takes: First American’s Systems Exposed? / Forensic Team Hired / Whatever You Do, Don’t Treat Your Employees Like Family / Another New Hire for FHFA / GSE Preferred Shares Repaid? May 28, 2019 Paul Muolo FHFA hires a new legislative affairs director...Read More
Quicken Founder Dan Gilbert Suffers Stroke May 28, 2019 Paul Muolo Quicken: "Dan is awake, responsive and resting comfortably."Read More
Short Takes: What We Talk About When We Talk About GSE Reform / MGIC Executive Departs / Winter is Coming, and So is a Recession / All Clear on (Ginnie) Liquidity Issues / Thrift Executive Indicted in Manafort-Related Case May 24, 2019 Paul Muolo Good news/bad news: Rates are likely headed lower but a recession is on the way...Read More
Ocwen’s Chief Accounting Officer Resigns, No Reason Given May 23, 2019 Paul Muolo Ocwen agreed to pay CAO Dondzila $568,780, plus a six-month consulting deal that offers $36,092 per month.Read More
A Government Agency Hooked on Using Private Contractors: Ginnie Mae May 21, 2019 George Brooks GAO: Ginnie Mae does not fully understand the relative costs of its reliance on contractors...Read More
Controversial Fair Lending Chief Quits the CFPB May 16, 2019 Yemeng Yang Blankenstein, a political appointee, was hired by former CFPB acting Director Mick Mulvaney to oversee the supervision and enforcement...Read More
Short Takes: Great Expectations? / One Stock You Can Bet On / How Big Is PIMCO in Mortgages? Very Big / Another Departure at Ginnie Mae May 16, 2019 Paul Muolo Finding value in GSE equities: It's complicated...Read More
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