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What We’re Hearing: Making Lemons out of Lemonade / Mortgage Brokers Trim Staff / A RIF at Movement Mortgage / The FHFA-OCC Connection / Conventional Lenders Eyeing the Non-QM Market? / A Tech Firm Looked at NSM

June 1, 2018
Paul Muolo
Although some conventional lenders are struggling with lower volumes, Angel Oak and Citadel Servicing Corp. are humming along...
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Short Takes: Mel Watt’s Successor May Be… / Morgan Stanley had a Role in the FAMC Deal / Consolidation Nation? / A New MBS from Redwood / New Hires for Home Point

May 31, 2018
Brandon Ivey and Paul Muolo
The consolidation tidal wave approaches ... or maybe not...
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Short Takes: Time to Cut Pay for Loan Officers? / Something Has Got to Give / New Rez Readies Non-Agency MBS / Ocwen CFO Resigns / Calyx Hires Sales Chief

May 30, 2018
Brandon Ivey and Paul Muolo
loanDepot CEO Anthony Hsieh: “Something’s got to give."
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Another California Mortgage Casualty: First Cal

May 30, 2018
Paul Muolo
Liquidation counsel Michael St. James did not return a telephone call and email regarding the situation.
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Leading Candidate for Top MBA Job Says He’s Not Interested

May 30, 2018
Paul Muolo
Candidates for the job have included Kevin Shavers, Robert Broeksmit and others…
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Short Takes: The Senate Could Vote on Brian Montgomery Soon / House to Take up the Reg Relief Bill / Foreclosure Timelines Extended For Disaster-Area Homes / What’s Next for the CFPB Payday Lending Rule

May 21, 2018
Yemeng Yang
Senate Majority Leader Mitch McConnell, R-KY, announced to take a vote on the nominee for FHA commissioner, Brian Montgomery. Given the other nominations already in the Senate floor queue, the vote is expected to occur sometime in June…
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White House Announces Nominee for Top Ginnie Mae Post; FHA Still has No Chief

May 18, 2018
President Trump this week nominated Michael Bright to be president of Ginnie Mae after serving nine months in the post as acting president of the secondary mortgage market agency.
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Mark McWatters Said to be Pick for Top Job at CFPB, But Nomination Faces Several Challenges

May 17, 2018
The Trump administration appears set to name an experienced Washington regulator to take over the top post at the Consumer Financial Protection Bureau, but the process is fraught with challenges.
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Short Takes: Time to Change the QM Rule? / Bright Tapped to Head Ginnie / MSR Sellers Sitting Pretty? / After the Recession… / Applications Decline Again / NAR’s Chief Lobbyist Sets Retirement Date

May 16, 2018
Paul Muolo and Yemeng Yang
Residential firms looking to sell mortgage servicing rights are in a sweet spot right now. However...
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HomeStreet Contemplates Selling a $5 Billion Package of Servicing Rights

May 15, 2018
Paul Muolo
HomeStreet restructured its mortgage business last year…
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Latest Imf News

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Featured Data

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