Former Hensarling Aide Johnson Gets Acting Deputy Director Slot at the CFPB July 10, 2018 Paul Muolo Johnson joined the bureau late last year from the House Financial Services Committee where he held the title of senior counsel.Read More
Short Takes: Fannie Launches MI Pilot / MBA Reg Counsel Joins Consulting Firm / Non Bank Market Share Grows / FHFA Capital Rule Criticized July 10, 2018 Carisa Chappell Fannie said the new lender option allows the GSE to streamline the operational requirements of participating lenders...Read More
CFPB Deputy Director English Announces Resignation. Her Legal Challenge Ends July 9, 2018 Yemeng Yang Last fall, English was named the CFPB’s deputy director by departing Director Richard Cordray... Read More
Short Takes: Those Ginnie Warnings on VA IRRRLs Apparently Worked / The Trump GSE Plan, Going Nowhere? / NJ Lender Launches Call Center in SC / Churchill in a Hiring Mode / Walker & Dunlop Hires Capital Markets Executive July 9, 2018 Carisa Chappell and Paul Muolo Although loan production is down this year, that isn’t stopping some lenders from moving forward with expansion plans.Read More
Amid Talk of Industry Layoffs, UWM is Hiring July 6, 2018 With loan production on a downward trajectory this year, rumors abound regarding industry layoffs, but at least one top-ranked lender is still actively hiring: United Wholesale Mortgage, Troy, MI.Read More
Amid Talk of Industry Layoffs, United Wholesale is Hiring July 5, 2018 Paul Muolo According to figures compiled by Inside Mortgage Finance, UWM ranks ninth overall among all lenders, and is poised to move up in the rankings...Read More
Short Takes: An MSR-Only Sale for Ditech? / Layoffs at The Money Source / Fannie and Freddie Trim Subprime Holdings / A Capital Raise for Redwood / New Rez Closes on Shellpoint Deal July 3, 2018 Brandon Ivey and Paul Muolo TMS called it a “realignment,” explaining the cuts are part of a plan to “fuel fintech growth.” Read More
Short Takes: Lending Tree Comes Back Down to Earth / If Mortgage Rates Hit 5 Percent… / WMIH and Nationstar Shareholders Approve / NJ Mortgage CEO and Founder Resigns / Executive Bolts Stewart for WFG July 2, 2018 Brandon Ivey and Paul Muolo LendingTree founder and CEO Douglas Lebda took home total compensation of $59.6 million last year...Read More
What We’re Hearing: A Lifeboat Too Small? / Non-QM Loans Performing Well, So Far / Ridiculous Housing Prices Continue / A 40 Percent Disappearance Rate? / A Recession Might Save the Day / Fannie Trouble? / Costly Borrowing for WMIH June 29, 2018 Paul Muolo Once risk-layering appears and LTV ratios climb, then all bets are off...Read More
Another Job for CFPB’s Mulvaney? Kraninger’s Confirmation Hearing Set for July 19 June 29, 2018 Yemeng Yang “It’ll be more chaos if the president has to appoint another acting director," said one former CFPB official.Read More
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