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Short Takes: News Soon from Trump on the FHFA Job? / A Place-Holder / A Bright Spot, If You Can Find One / The Better Question Might Be: Who Isn’t Going Digital? / Upcoming: CFPB Advisory Board Meeting

November 29, 2018
Paul Muolo and Yemeng Yang
Joseph Otting would not be the permanent director but would be a place-holder until...
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Short Takes: Extreme Turbulence Ahead? / When Will the M&A Tsunami Start? / Freddie Mac’s Origination Forecast / A Sudden Spark in Fresno / Trump Has Buyer’s Remorse on Powell

November 28, 2018
Paul Muolo
One warehouse chief even suggested that in 1Q19, as many as 70 percent of nonbanks will lose money before the spring homebuying season kicks in.
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HUD Lists Top Challenges for 2019, Staffing Levels a Concern

November 28, 2018
George Brooks
At HUD, staffing levels have dropped almost 50 percent since 1991. From 2008 to 2017, HUD lost 18.5 percent of its full-time permanent staff, the highest staffing loss among any cabinet-level agency…
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New NMLS Figures Reveal a Decline in Mortgage-License Holders

November 27, 2018
Paul Muolo
In 2017, MLO license growth was strong at 8.9 percent annualized, but not this year…
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Short Takes: Homebuyers Hitting the Brakes / But No Reason to Panic / Senate Moves Closer to Vote on Kraninger / Freddie’s ‘Sweat Equity’ Deal / A New Hire for Embrace Home Loans

November 27, 2018
Dennis Hollier, Paul Muolo, and Yemeng Yang
Arch Chief Economist DeFranco says despite lower sales, it’s still a seller’s market in most cities…
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Ocwen Hires Former Fannie Mae Securitization Chief to Head Lending Business

November 26, 2018
Paul Muolo
According to a statement issued by Ocwen, while at Fannie Yanoti was responsible for developing the common securitization platform.
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Short Takes: Steven Mnuchin Packing His Bags? / Probably Not / The Key to Administrative Reform of the GSEs: The Next FHFA Director / According to the AEI / A Promotion at Ocwen Financial

November 26, 2018
Paul Muolo
Cowen believes Mnuchin will survive the turbulence but notes the situation still poses a risk to Fannie Mae, Freddie Mac and the big banks…
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White House Contemplating Calabria for FHFA Job. If it Happens, Big or Gradual Changes in the Wings?

November 21, 2018
The Trump administration is reportedly eyeing Mark Calabria, who now serves as chief economist for Vice President Mike Pence, as the next director of the Federal Housing Finance Agency, a five-year post that holds tremendous power over the government-sponsored enterprises.
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Short Takes: Rates, Rates, Rates / When the Big Stock Swoon Comes / Checking In on Ditech / Mill City’s Non-Agency MBS / Illinois Branch Manager Accused of Fraud / MCT Hires Lenders One Manager

November 19, 2018
Brandon Ivey, Paul Muolo, and Yemeng Yang
Rates were in a decline Monday morning...
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After Cutting 400 Mortgage Workers in June, Wells Fargo Plans to Cut 900 More

November 16, 2018
Paul Muolo
Back in June, Wells trimmed 400 mortgage jobs, including 63 mortgage workers in Frederick, MD.
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