Short Takes: That Was Then, This is Now (Fannie/Freddie) / Not Much Traction / Invitation Homes’ SFR Portfolio: 80,000 Rentals / Former FHFA Chief Nominated by Trump / A New Hire for Pavaso September 5, 2018 Paul Muolo Since 2012, Fannie and Freddie have been minting money...Read More
Freddie CEO Don Layton Announces His Retirement September 5, 2018 Paul Muolo For its internal candidate, Freddie has identified David Brickman to succeed Layton.Read More
Short Takes: Quicken’s Message to Loan Brokers / A Big Gain in Quicken’s Broker Market Share? / Lennar Picks New CEO for its Mortgage Sub / Fintechs Should be in CFPB’s Complaint Database September 4, 2018 Paul Muolo and Yemeng Yang The marketing message from Quicken goes on to say: “Brokers are taking notice as we’ve doubled our market share over the last year..."Read More
Short Takes: Federal Help for the Gig-Worker Mortgage Market? / New SBC Programs from Silver Hill / Consultant Roque: LO Pay Isn’t Being Cut Quickly Enough / Fairholme: Fannie and Freddie are So Undervalued / A New Customer Service VP for RoundPoint August 30, 2018 Paul Muolo According to industry consultant Rick Roque, residential originators are not lowering loan officer compensation quickly enough...Read More
MBA’s ‘Profit’ Took a Hit in FY 2017, but Assets Increased by Almost 10 Percent August 29, 2018 Paul Muolo MBA listed compensation for “current officers, directors, trustees and key employees” at $6.0 million for fiscal year 2017. It was $7.1 million the year prior…Read More
Gateway Mortgage Founder, a Trump Supporter, Wins GOP Primary in Oklahoma August 29, 2018 Brandon Ivey The Gateway Mortgage founder won the Republican primary with 54.6 percent of the vote.Read More
Short Takes: A ‘Significantly’ Less Liquid Secondary Mortgage Market? / In Five Years the GSE Loan Limit Would be Zero (for Example) / Origination Capacity Remains Elevated / Fannie Exec Joins RoundPoint August 29, 2018 Paul Muolo and Brandon Ivey Origination capacity in the mortgage industry remains “elevated,” according to a new report from PiperJaffray. Read More
Driven by Lower Expenses in 2Q, Nonbanks Stage a Turnaround in Origination Profits August 28, 2018 Brandon Ivey Personnel expenses averaged $5,195 per loan in the second quarter, down $704 from 1Q18…Read More
Short Takes: A New Origination Forecast from Freddie / Market Share Leaders in Retail and Correspondent / FHFA Seeks Comment on ‘Golden Parachutes’ / Arch’s Reinsurance Deal / Better Mortgage Hires Fed Economist August 28, 2018 Paul Muolo and Brandon Ivey But Wells Fargo dominated in the correspondent channel with a 20.9 percent market share...Read More
Short Takes: Don’t Worry About the Government / Don and Maxine, Fireworks Ahead? / Steve’s Choice / Invitation Homes CEO Takes A Leave of Absence / Customers You Never Need to Call (A Good Thing) August 27, 2018 Paul Muolo Cowen believes Rep. Maxine Waters will use the post to go after President Trump and his White House team...Read More
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