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Short Takes: PIMCO Shows a Strong Interest in RPLs / A Tough Profit Picture for 1Q18? / Thinning the LO Herd? / Texas Capital Weighs In / Stearns Hires Former Caliber Executive

March 6, 2018
Paul Muolo
Texas Capital: “Nonbank competitors may have a pricing advantage as they are not subject to the same capital maintenance requirements..."
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Nationstar Plans to Cut Ties to Philippine Vendors, Cites Political and Economic Risk

March 5, 2018
Paul Muolo
India and the Philippines “are subject to relatively higher degrees of political and social instability and may lack the infrastructure to withstand political unrest or natural disasters,” Nationstar said.
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Short Takes: Nationstar’s Other Suitor? / Break it Into Three / Ex-Stearns CEO Brian Hale Resurfaces / Too Many Vacancies, Not Enough Interested Individuals? / NewDay Hires SVP

March 5, 2018
Paul Muolo
It’s believed that one of the “pieces” the new owner planned to spin off was Xome, a real estate vendor that works with consumers…
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What We’re Hearing: Ocwen’s CFPB Problem Isn’t Going Away / Overseas Regulatory Exposure / Jeb Hensarling’s GSE Bill / Does the AEI have the Ear of the White House? / HUD Secretary Shocked to Find Gambling in his Establishment / Brian Montgomery, the Pati

March 2, 2018
Paul Muolo
A few years back, Pinto and AEI unveiled a new mortgage product called the Wealth Building Home Loan, which was intended to provide an affordable mortgage option for low- and middle-income borrowers.
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Ocwen Reveals the Bloom May be Off the Rose at its India-based Operations

March 1, 2018
Paul Muolo
Ocwen disclosed this warning: “Non-compliance with the laws and regulations of India or the Philippines could result in restrictions on our operations in these countries, fines, penalties or sanctions or reputational damage.”
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Short Takes: Down, Down, Down for Fannie, Freddie Common / An OTC Stock / Ocwen CEO Has No Contract / Deloitte Will Pay DOJ $150 Million in TBW Fraud Case / A New Hire for Sierra Pacific Mortgage

March 1, 2018
Paul Muolo
At last check, Fannie common was selling for $1.62 a share, Freddie $1.57.
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Short Takes: FHA Official Rules Out MIP Cut / Essent Marketing First Risk-Sharing Deal / The HUD Secretary’s $31,000 Dining Room Table / PHH Calls it a Day on PLS Business / Finance of America Hires Radian Executive

February 28, 2018
Paul Muolo and Brandon Ivey
PHH Mortgage said it has taken its last loan application on behalf of a private-label origination client.
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Short Takes: AEI’s Wish-List: No More Cash-Out Refis for Fannie and Freddie / Number 29 for Ocwen / Altisource Worries about its Reliance on Ocwen / The Digital Revolution / Mortgage Network Unveils Jumbo Renovation Loan

February 27, 2018
Paul Muolo
Is the White House listening to the AEI on GSE reform?
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Deutsche Bank Securities, Former Head Trader Faulted by SEC for Misleading Commercial MBS Investors About Prices

February 23, 2018
The Securities and Exchange Commission completed an enforcement action last week against Deutsche Bank Securities and a former head trader at the firm regarding sales of commercial MBS between 2011 and 2015.
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What We’re Hearing: An ‘Administrative’ Solution for the GSEs More Likely? / Pac-Men? / Craig Phillips, a Candidate for the FHFA Job? / Nonbank for Sale? / And the Gold Medal for Financial Engineering Goes to Altisource Portfolio Solutions / What Just Hap

February 23, 2018
Paul Muolo
Others might contend that ASPS CEO William Shepro really earned his $2.5 million compensation package this time around…
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