Short Takes: What’s Up with Walter? / loanDepot and Going Public? / Capping the MID at $750K / Victor Ciardelli, Still in Charge at Guaranteed Rate / PrimeLending Promotes Thompson December 18, 2017 Paul Muolo and Brandon Ivey Eventually, loanDepot's investors will want to cash out...Read More
Impac Hires loanDepot Executive Furey to Head Retail Direct December 15, 2017 Paul Muolo Of late, Impac’s share price has been trading at $11.00 a unit, just a tick above its 52-week low.Read More
What We’re Hearing: Bitcoin Comes to the Rescue of Homebuyers / Not There Yet / Would the White House Dare Fire Mel Watt? / Probably Not? / Shrinking the GSE Role / Judging the Profitability of MBS Guarantees December 15, 2017 Paul Muolo Of course, the Trump administration has a history of shooting first and asking questions later…Read More
Legal Briefs in CFPB ‘Acting’ Director Dispute Keep Piling Up December 13, 2017 Thomas Ressler CUNA believes that legal arguments advanced by plaintiff Leandra English are nonsensical and unconstitutional.Read More
Nonprime Lender Citadel Hopes to Hire 150 Over the Coming 12 Months December 13, 2017 Paul Muolo Citadel CEO Dan Perl: “We’re on a hiring spree.”Read More
Short Takes: GSE Dividend Payments: All Systems Go? / Cutting GSE Shareholders out of the Equation? / Wintrust Buying Mortgage Assets from VA Lender / UWM and MC Strike Deal / Chase Exec Bolts for Hamilton December 13, 2017 Paul Muolo In a new blog posting, Investors Unite asks the basic question: “Are Fannie’s and Freddie’s foes driving GSE reform?”Read More
Senate Vote on FHA Nominee Could Come Before Yearend December 12, 2017 George Brooks If Montgomery garners final approval, HUD Secretary Ben Carson will begin tackling key issues, including finalizing new condominium rules, dealing with reverse mortgage losses and more…Read More
Short Takes: Casey (Crawford) Sacked by Mortgage Regulators in California / The California Wild Fires and Mortgages / MBA Hires Spencer Stuart for CEO Search / Dems File Amicus Brief in CFPB Case December 12, 2017 Paul Muolo and Thomas Ressler Moral of the story: If you're going to service loans in California, you better have a license...Read More
It’s that Time of the Year: Mortgage Layoffs December 11, 2017 Paul Muolo Still, large cutbacks have not been the norm, at least not yet…Read More
Short Takes: And Now for a Word About Bitcoin / Can Trump Clear the Air? / Consultant Wonders about Endorsements / MIAC Selling NPLs, RPLs / Farmer Mac CEO Fired with No Severance December 11, 2017 Paul Muolo One of these days an answer will arrive, but until a mortgage company is sold for Bitcoins, we’ll stay on the sidelines…Read More