Short Takes: Wells Fargo’s (Mortgage) Job Cuts / Annaly Poised to Buy More MSRs? / FHFA Seeks Comment / Eight Consecutive Quarters of Feeling Bad About Profit Margins / PenFed Hires a TV Journalist September 12, 2018 Paul Muolo Annaly may use the proceeds to fund additional acquisitions of mortgage servicing rights… Read More
Blackstone Takes a Hard Look at Some of Incenter’s Mortgage-Related Operations September 11, 2018 Paul Muolo As one source put it: “Blackstone wants you to make it big or you’re gone.”Read More
Short Takes: What Will Become of the GSEs’ CSP? / How Much Is it Worth? / Capital One Warehouse Joins MBA / Two Utah Nonbanks Celebrate Anniversaries / PRMI Hires Former Wells Fargo LO September 11, 2018 Paul Muolo The nonprofit exchange must pay for any “property” associated with CSS…Read More
Mortgage Bankers Add Jobs, Brokers Trim Slightly September 10, 2018 Paul Muolo Jerry Selitto, president of Better Mortgage: “We continue to hire and we just opened our second California office in Irvine…”Read More
Short Takes: Time for Executives to Consider Their Options? / Tight Profit Margins Can Lead to ‘Internal Strife’ / AO Seeks Account Executives / Analyzing the Prospects for Filling the Fannie CEO Job / Milken Institute Hires SEC Commissioner September 10, 2018 Paul Muolo "As a result, at this time I’m receiving a larger volume of calls from execs seeking to explore outside opportunities.” - Rick GlassRead More
What We’re Hearing: Ex-Goldman Partners See Gold in the Subprime Hills / Under the Radar / Strong Non-QM Volumes from Angel Oak and Citadel / The Conventional Loan of the Future: Five Percent Down at Least / DeMarco Weighs In / Signs of Overheating: Home September 7, 2018 Paul Muolo Former Federal Housing Finance Agency Acting Director Ed DeMarco told us the bill is a good starting point and includes language that both Democrats and Republicans can agree on...Read More
Fannie Mae Hires Ex-FGMC CEO Andy Peters as ‘Strategy Advisor’ September 6, 2018 Paul Muolo Peters departed First Guaranty Mortgage Corp. earlier this year...Read More
Freddie CEO Don Layton Announces His Retirement. (Good Luck Finding a Successor) September 6, 2018 Paul Muolo Finding a suitable candidate could prove difficult because of a $600,000 salary cap placed on the position by Congress back in 2015. Read More
Short Takes: Jeb, Tell Us What You Really Think About Fannie and Freddie / AIG’s New Jumbo MBS / Judge Kavanaugh and the CFPB / Elusive Indeed / A Promotion at Freddie September 6, 2018 Paul Muolo, Brandon Ivey, and Yemeng Yang Never one to mask his complete disdain for Fannie Mae and Freddie Mac, Rep. Jeb Hensarling let it rip...Read More
Blackstone Hires Former Clayton Chief to Head TORO Unit September 5, 2018 Paul Muolo Blackstone TORO likes to buy non-QM products...Read More
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