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Short Takes: Caliber Brings Ginnie MSR Deal / The Nation’s Highest Paid Loan Broker: Doug Lebda ($59M) / Ex-Fannie Exec a Candidate for FHFA Job? / The PHH Head Count

May 8, 2018
Paul Muolo and Brandon Ivey
It was a nice pay check last year for LendingTree founder and CEO Douglas Lebda...
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New Residential Hires Fortress Executive David Schneider as New CAO

May 8, 2018
Paul Muolo
Fortress also controls roughly 500,000 shares of New Residential's common stock and holds options on 18.1 million shares.
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Short Takes: Ditech Sets Comp Package for New CEO Marano / Share Price Struggles / Two Ditech Directors Take Home the Bacon / GE Sets Aside $1.5B for WMC Settlement / Better Hires CFO

May 8, 2018
Paul Muolo
Ditech directors – George Awad and Neal Goldman – had pay packages of $573,700 and $553,500, respectively.
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Short Takes: Being in Debt to a GSE, Not So Bad / FHFA Approved the Product / Coming Soon: Large MSR Deals / Wedbush Drops Coverage of Capital One / RIP: Safeguard Founder Robert Klein

May 7, 2018
Paul Muolo
But before anyone gets too excited, the Federal Housing Finance Agency approved the Freddie initiative…
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Figuring Out Who Might Succeed Mel Watt as FHFA Director – It’s Complicated…

May 4, 2018
Paul Muolo
Also, there’s a growing fear that in the absence of Congressional action, a free-market leaning Treasury Department, in tandem with a Trump-appointed FHFA director, might alter the way GSEs operate...
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What We’re Hearing: The New MBA CEO Will Be… / A ‘November Surprise’ for GSE Reform? / Is it 10 Years Already? / What ‘Mr. Market’ Thinks of Fannie and Freddie / GSE CRT Deals, a Great Return? / NewDay in the Clear?

May 4, 2018
Paul Muolo
Here’s a prediction: GSE reform legislation will only pass if, and when, the Democrats take control of the House, Senate and the White House.
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Several Factors Come to Play in Assessing Future FHFA Leadership Prospects

May 3, 2018
If past is prologue, Federal Housing Finance Agency Director Mel Watt might be on the job a lot longer than Jan. 6, 2019, which is when his five-year term expires. That is, if he wants to stay.
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Short Takes: What’s in a Name? / First, We Change the Name in the AP Style Book / CRL Wants FHA Changes / Fannie Tech Official Departs for Vendor

May 2, 2018
Paul Muolo and Yemeng Yang
CFPB Acting Director Mick Mulvaney: “I don’t know why we call it the CFPB; that is not the name of the organization..."
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Impac’s Two $6M Men Got Their Pay Slashed in 2017

May 2, 2018
Paul Muolo
Impac has yet to disclose when it might release first quarter results.
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Short Takes: Freddie Mac Multifamily Continues to Shine, but… / UWM Rolls Out New Website / Seed Money / Nationstar Looking at a Large MSR Markup? / Mulvaney: I’m Not Running a Yelp / New Hires for Freddie, Angel Oak

May 1, 2018
Paul Muolo and Yemeng Yang
Not too long ago, UWM rolled out a $500,000 grant program designed to allow LOs to start their own loan brokerage firms...
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