Short Takes: Senators Want CFPB Official Fired / A Plea to Stop the Agency’s Reorg / Sen. Warren Drops Hint on White House Run / Watt’s Tenure? / A New Director at Altisource October 1, 2018 Paul Muolo Sen. Warren has been dropping hints that she may run for president in 2020...Read More
What We’re Hearing: Being Heard / Another Barn-Burner of a Quarter for Fannie and Freddie? / Complicating President Trump’s Pick for a New FHFA Chief / Defending GSE Pilot Programs / Meeting PMIERs 2.0 / Ocwen Ready to Crank Up the MSR Buying Machine? / S September 28, 2018 Paul Muolo If Ocwen reenters the servicing market as a buyer it will be doing so at a time when MSR prices are the highest they’ve been all decade...Read More
FHFA Director Watt: ‘I’m Guilty of Having an Attraction to You, That is True’ September 27, 2018 Paul Muolo and Carisa Chappell To date, Watt has maintained that he did not do anything legally wrong...Read More
Short Takes: Hensarling’s Long Goodbye / Not a Candidate to Head the FHFA / 15 More Recordings / A Large Non-QM MBS? / A Name Change for Sutherland September 27, 2018 Paul Muolo and Carisa Chappell Rumors were floating around this week that a large non-QM securitization deal could be in the works... Read More
First Up to Testify Thursday at the HFSC FHFA Oversight Hearing: Simone Grimes, Mel Watt’s Accuser September 26, 2018 Carisa Chappell Simone Grimes, who holds the title of special advisor, is still employed by the agency.Read More
Short Takes: Speculation on What Mel Watt Might Say / Ocwen Schedules a ‘Special’ Meeting of Shareholders / NOLs of Roughly $400 Million / In the Event of a Change of Control? / FoA Rolls Out Second-Lien Reverse September 26, 2018 Paul Muolo Ocwen said its ability to utilize the NOLs to offset future taxable income may be significantly limited if the company experiences an ownership change. Read More
Former Incenter Trading Unit Reemerges as RAMS Mortgage Capital September 25, 2018 Paul Muolo The unit will continue to be headed by industry veterans Tad Dahlke and Hal Hermelee...Read More
Short Takes: Full Bore into Non-QM? / FHA Could Hike Premiums / Record Attendance at ABS East / Departures from Sprout / A New Denver Branch for Churchill Mortgage September 25, 2018 Paul Muolo and Brandon Ivey Will FHA hike its premiums? Maybe, maybe not...Read More
Wells Fargo Announces Job Cuts. The Mortgage Damage Could Total 3,097 Positions September 21, 2018 Paul Muolo The megabank is not commenting on how the cuts might affect specific business units... Read More
Brian Brooks, a Possible Successor to Fannie CEO Mayopoulos, Departs September 20, 2018 Paul Muolo Brooks was vice chairman of OneWest Bank, a depository once owned by current Treasury Secretary Steven Mnuchin.Read More
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