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Guaranteed Rate Sues Former Executive Over ‘Talent Raid’

December 8, 2017
Carisa Chappell
But former Guaranteed Rate executive Joseph Caltabiano denies the allegations…
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What We’re Hearing: President Trump: Wells Fargo Will be Fined / President Trump? / Time to Exempt Fannie and Freddie from the GOP Tax Overhaul? / Who Lost the GSEs? / Hensarling’s Change of Heart, Why? / CMLA Names Former Freddie Official Acting Director

December 8, 2017
Paul Muolo
Now comes the big question: Why is the president of the United States weighing in on a bank regulatory issue? Then again, it’s Donald Trump. Mortgage ramifications? Stay tuned…
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Walter’s New CFO, a Former JPM Executive, Could Earn Almost $1 Million Next Year

December 7, 2017
Paul Muolo
Lombardo joins Walter, the parent of Ditech Financial, from the community banking division of JPMorgan Chase.
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Short Takes: Not Happy with Jeb’s GSE Comments / Lame Duck or Not… / White House Leaning Toward Michael Bright / Granite Ramps Up Commercial Commitments / Dart Hires Finance VP

December 7, 2017
Paul Muolo
It's only a matter of time before the White House officially nominates acting Ginnie Mae president Michael Bright to be the permanent head of the agency...
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Short Takes: DoubleLine Eyeing Non-QM Sector / Connecticut Lender Attempts ‘12 in 12’ / Sen. Warren Worries about OMB Staffers Embedded at CFPB / English Gets to Keep Her Regular Job, for Now / A Promotion at LoanLogics

December 6, 2017
Paul Muolo and Thomas Ressler
Sen. Elizabeth Warren wants a complete list of OMB staffers who have been detailed to the CFPB by Mulvaney...
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Short Takes: When it Comes to GSE Issues, No Lobbying Please / A Large MSR Package Forthcoming? / KBW Ends Coverage of Walter / Newfi Gets Fannie Approvals, FHA / Yes, Cordray is Running for Governor / Redfin Director Departs Suddenly

December 5, 2017
Paul Muolo
We understand that a fairly large bulk portfolio of mortgage servicing rights might be hitting the auction block soon...
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Redwood Trust CEO Marty Hughes to Retire Next Spring, Will Remain as an Advisor

December 4, 2017
Paul Muolo
According to figures compiled by affiliate Inside Mortgage Finance, Redwood ranked 11th among all non-agency jumbo producers through Sept. 30 with a volume of $2.99 billion.
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Short Takes: Atlanta’s Mayor Wants Fannie Chairman Perry to Resign / Arch’s Chief Economist: Housing Relief for Seattle, Looser Credit / LendingHome Hits $2B Mark / Senators Make Threats Regarding English / A Promotion at LoanLogics

December 4, 2017
Paul Muolo, Thomas Ressler, and Carisa Chappell
Nine senators said they would work to invalidate any new rules issued by the CFPB if Leandra English prevails in her attempts to unseat and replace the bureau’s acting director, Mick Mulvaney...
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Trump Nominates Central Banker Who was Critical of Fed’s MBS Purchases

December 1, 2017
Thomas Ressler
The nominee was critical of the Fed’s response to the 2008 financial crisis and its purchases of MBS...
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What We’re Hearing: Yes, There’s a Senate GSE Reform Bill in the Works / Acting Ginnie Mae President Has Some MBS Ideas / How Many Loss Positions are There? / The Mulvaney Effect? / Ranieri will Stick Around

December 1, 2017
Paul Muolo
Mick Mulvaney has been in charge of the CFPB all week and we’ve yet to hear one prediction that subprime mortgage lending will revive with a vengeance…
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