Money-Losing Zillow Has New (Old) CEO, Plans Significant Foray into Mortgages February 22, 2019 Brandon Ivey Zillow’s management believes that within three to five years the firm could originate 3,000 mortgages per month...Read More
TIAA Throws Traditional Retail Overboard, USB Will Get Some of the 65 Branches February 21, 2019 Paul Muolo TIAA CEO Blake Wilson: “Mortgage lending is a dynamic and highly competitive industry and the market we’re in today is very different than just a few years ago..."Read More
Short Takes: More on the Watt FHFA IG Report / Of Counsel / Signs of Life in Application-land / Ex-Fannie Employee Took Kick-Backs / A New President at Stearns Lending February 20, 2019 Paul Muolo A former Fannie Mae employee faces up to 20 years in prison...Read More
FHFA IG: Director Watt Violated Ethics Rules, White House Had Report in Late November but Didn’t Act February 19, 2019 Paul Muolo To date, Watt has denied legal wrongdoing…Read More
Short Takes: The Largest Post-Crisis Nonprime MBS? / FICOs as Low as 500 / Reasons for Getting Out (Blame the Tech Giants?) / Sell One, Buy Two / Movement EVP Taveekanjana Departs for Envoy February 19, 2019 Brandon Ivey and Paul Muolo Jumping from Movement Mortgage to Envoy Mortgage: Tony Taveekanjana...Read More
What We’re Hearing: Calabria, a Sure Bet? / Warm Thoughts About Fannie-Freddie Loan Limits / Retaining More Capital / Congress? / Conservatorship Purgatory / Looks Like Radian is in Play / A Sale Dragging On and On and On: Genworth / Industry Vet Rudy Orm February 15, 2019 Paul Muolo On the doorstep: The recap and release of Fannie and Freddie?Read More
FHFA IG Report: Director Watt Violated Ethics Rules. Trump Had Report in Late November but Didn’t Act February 15, 2019 Paul Muolo The report, dated Nov. 29, 2018, was posted to the IG’s website Friday, Feb. 15.Read More
Short Takes: Leaving Behind His Personal Views Regarding Fannie and Freddie / Reporting Results on the Very Same Day, a Rarity / If Only They Could’ve Kept Their Earnings / CHLA Backs Calabria February 14, 2019 Paul Muolo Fannie and Freddie rarely report quarterly results on the same day, but they did so this morning...Read More
Mortgage Jobs Grim with Selected Pockets of Hope February 13, 2019 Paul Muolo But not all conventional lenders are handing out pink slips these days...Read More
Short Takes: A Nice Month for Pershing Square / No Mention of the GSEs / A Mortgage-Related M&A Deal Drags On / Delayed by the Chinese New Year / A New MBS From Deephaven / Pavaso Hires Mortgage Tech Vet Tim Anderson February 13, 2019 Paul Muolo and Brandon Ivey After two-plus years of waiting, the Genworth deal has yet to close... Read More
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