Short Takes: loanDepot’s Hsieh has Some Fun / Fannie’s Forecast / Finance of America Ramps Up Reverses / Jumbo Credit Standards Loosened, Somewhat / New Regional Hires for Silver Hill August 22, 2017 Brandon Ivey and Paul Muolo No update from loanDepot on the IPO, but CEO Anthony Hsieh took some shots at the rumor mill...Read More
Deephaven Mortgage Managing Director Brett Hively Departs; Former Quicken Executive His Replacement August 21, 2017 Paul Muolo Hively’s resume includes stints at Goldman Sachs (where Nichols also worked), New Century Mortgage Co., and Option One Mortgage.Read More
Short Takes: Treasury Secretary Mnuchin is Staying Put / Bet on an ‘Administrative’ Fix for the GSEs? / Mr. Cooper is Born / But Alice Cooper is #1 / Lima Hires Capital Markets Chief August 21, 2017 Paul Muolo Confused about Mr. Cooper? Just make out the check to Nationstar Mortgage...Read More
With No Ginnie Mae President on Board, Annual Summit Moved to January 2018 August 18, 2017 George Brooks The Trump administration has yet to announce a nominee for the top job at Ginnie Mae...Read More
What We’re Hearing: The Nation’s Volume Leader in the ‘New’ Nonconforming Is… / Sales Executive Departs / Don’t Stop Believin’ (in Fannie and Freddie)? / ‘Contract Law’ and GSE Common Shares / A Legislative Snafu Called Donald Trump? August 18, 2017 Paul Muolo According to our calculation, Fannie common now trades at $2.80, a 20.17 percent improvement since the close of 2Q17, while Freddie’s value rose 21.08 percent to $2.70.Read More
Will CFPB Director Cordray Bolt by Labor Day? August 17, 2017 Thomas Ressler The clock is ticking on Richard Cordray’s political ambitions in Ohio…Read More
Short Takes: Changes for the HARP Program / Still Eligible: 143,000 / But Shrinking / Citadel Servicing Crosses $1B Mark / A New CIO for Freddie Mac August 17, 2017 Paul Muolo The FHFA estimates that roughly 143,000 GSE borrowers are still eligible to use the HARP program. Read More
Federal Appeals Court Rules Mortgage Underwriters are Entitled to OT Pay August 16, 2017 George Brooks Under this test, an employer must show that the employee is paid at least $455 per week…Read More
Mortgage Hiring Spree Tapering Off? August 16, 2017 Paul Muolo Another digital lender that’s hiring is NewFi Lending of Emeryville, CA…Read More
Short Takes: HUD Deputy Nominee Waits on the Senate, Still / Refis Rising? / A Private Placement for Ellington / Ellie Goes After the Big Boys / A Share Price Estimate of Zero August 16, 2017 Paul Muolo Mortgage software provider Ellie Mae said in a recent SEC filing that “part” of its business strategy is to target larger mortgage lenders...Read More
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