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Congressionally Mandated Cap on GSE CEO Pay a Factor in Mayopoulos’ Departure at Fannie?

July 24, 2018
Paul Muolo
Fannie’s board soon will begin its search for a new CEO – a position that will need the blessing of its largest shareholder, the U.S. Treasury Department.
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Short Takes: Academy Mortgage Says It’s Not for Sale / Living on $600,000 Per Year in the Washington, DC, Area / Don Layton? / FHFA and Treasury Must Sign Off / Fannie’s Top Earners

July 24, 2018
Paul Muolo
Among Fannie’s top five executives, all earn more money per year than Mayopoulos...
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Industry Not Surprised by Mayopoulos’ Departure at Fannie; His #2 Makes Five Times What He Earns

July 24, 2018
Paul Muolo
Fannie’s board soon will begin its search for a new CEO – a position that will need the blessing of its largest shareholder, the U.S. Treasury Department.
Read More

Short Takes: Will Trump Fire Fed Chief Powell? / If You Were Going to Hike Rates, You Should Have Told Me… / When Cutting Overhead is a Good Thing / Taveekanjana Returns to Movement Mortgage / Top Seterus Executive Departs for StoneHill

July 23, 2018
Paul Muolo
Consultant Joe Garrett: Remember that they’re your employees, not your family or friends...
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What We’re Hearing: Not So Fast on Those New Products, Fannie and Freddie / A Flashpoint: Financing a Corporate SF Landlord / Industry Input? / UWM Firing on All Cylinders / Non-QMs? No Thank You / PHH Executive Leaves for Due Diligence Firm

July 20, 2018
Paul Muolo
The MBA wants the FHFA to allow the industry to have a say in all new enterprise pilots, programs and products.
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CFPB Nominee Kraninger Lays Out Her Priorities

July 19, 2018
Paul Muolo and Yemeng Yang
Kraninger also avoided making a commitment to defend the CFPB’s constitutionality...
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Short Takes: Investors Unite is Not Happy / Are the GSEs ‘Zombie’ Like? / Non-QM Lender Verus Hikes Loan Cap to $5 Million / LoanSnap Raises More Capital / A New Hire for Servicing Advisor MorVest

July 19, 2018
Brandon Ivey and Paul Muolo
Of course, there are some in the industry who will argue Fannie and Freddie are hardly zombie-like at all...
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Kraninger Nomination to CFPB Post Mired in Partisan Dispute Over Document Request, Timing of Hearing

July 19, 2018
Republican and Democrat leaders of the Senate Banking, Housing and Urban Affairs Committee battled over minority requests for extensive documents about Kathy Kraninger, the Trump administration’s nominee to become the next director of the Consumer Financial Protection Bureau.
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Executives at Online Mortgage Brokerage Firm Top Survey of Nonbank Earners

July 18, 2018
Paul Muolo
At times, LendingTree’s share price has been highly volatile…
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MBA Chairman-Elect: Lenders in a Game of ‘Chicken’ on LO Compensation

July 18, 2018
Brandon Ivey
MBA Chairman-Elect Chris George said the CFPB could make some adjustments to LO comp regulations, providing lenders with more flexibility…
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