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Low Price Likely for A&D’s Acquisition of Flagstar’s TPO Unit

January 28, 2025
Paul Muolo
“It was an ‘AcquiHire’ type scenario,” said Rick Roque, an industry consultant who also holds the title of head of growth at NFM Lending.
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Short Takes: Bessent Confirmed as Treasury Secretary / Home Price Appreciation Slows / Sales of New Homes Up / Champions Funding Contributions to Expanded-Credit MBS Increase

January 28, 2025
Brandon Ivey
Scott Bessent's nomination for secretary of the Treasury Department was approved on a 68-29 vote.
Read More

Senate Committee Approves Turner’s HUD Nomination

January 24, 2025
Brandon Ivey
Sen. Elizabeth Warren, D-MA, the ranking member of the committee, said she was prepared to vote in favor of Turner’s nomination but first wanted to see results from a pending background check on the nominee by the Federal Bureau of Investigation.
Read More

Short Takes: Private MIs and Natural Disasters / Large Expanded-Credit MBS From Annaly / New Leader at Broker Action Coalition / MBA Provides Grant to LA Children’s Hospital

January 24, 2025
Brandon Ivey
The brunt of insurance burdens tied to natural disasters fall on property insurance providers, though private MIs could see an uptick in delinquencies.
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Short Takes: Chopra Still Leading CFPB / Foreclosure Starts Spike / Newfi Invests in Business-Purpose Lender / Jumbo MBS From Citi / Expanded-Credit MBS Holding Up

January 23, 2025
Brandon Ivey
Trump is widely expected to replace Rohit Chopra at the CFPB, but that hasn't happened yet.
Read More

Acra CEO Brushes Off Departure of Wholesale Employees

January 22, 2025
Paul Muolo
Roughly 20 of Acra's wholesale account executives and managers left for Champions Funding within the past month or so.
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Trump Nominates Bill Pulte for FHFA Director

January 17, 2025
Dennis Hollier
The president-elect said Bill Pulte will help “restore the American Dream for all.”
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Turner Looking to Address Housing Supply at HUD

January 17, 2025
Monica Hogan
Turner looks likely to easily be confirmed to run HUD, based on his reception by the Senate Committee on Banking, Housing and Urban Affairs.
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Time to Wrap Up Those LO Contracts

January 6, 2025
Paul Muolo
Recruiter Rick Roque says it’s in the best interest of management to finalize compensation agreements by mid-March...
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Ginnie Increases Employee Count in 2024

January 3, 2025
Brandon Ivey
As of the end of September, the agency had 265 employees, up 25% from a year ago.
Read More
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