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Mortgage Hiring Flat but Some Firms Continue to Add Heads

August 9, 2017
Paul Muolo
Citadel Servicing Corp., Irvine, CA, is also looking for a correspondent sales rep for the East Coast...
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Short Takes: The FCA and VA Loans? / CFPB to Zillow: You’d Better Settle / Some Details on JPM’s New Non-Agency MBS / Buying a Home Without Ever Seeing It / Altisource Hires Nomura Executive

August 9, 2017
Paul Muolo, Thomas Ressler, Brandon Ivey, and Sherry Muolo
Morningstar said the ratings were discontinued due to a request from Ocwen...
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House Republicans Push Another Contempt Case Against CFPB’s Cordray

August 7, 2017
Thomas Ressler
The GOP legal analysis asserts that Cordray failed to satisfy subpoenas the committee issued for agency records…
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Why is it Taking So Long for Trump to Nominate Kittle as Ginnie Mae Chief?

August 7, 2017
Paul Muolo
According to industry officials who claim to have knowledge of the matter, Kittle is still the top pick, but...
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Short Takes: An Increase in Investigations for Nationstar / Succession-Related Hiring / Movement Looking for Sales Personnel / A Solid Profit for Redwood / Greystone Hires MF Executive

August 7, 2017
Paul Muolo
Among residential lenders in a hiring/growth mode is Movement Mortgage...
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What We’re Hearing: The Clock is Ticking / Ivanka Trump, the GSEs, Mary Bailey and the Debt Ceiling / How Far will the FHFA Go in Loosening Credit? / Bad Timing on Mortgage M&A Deal / Impac’s Non-QM Plans Revealed

August 4, 2017
Paul Muolo
It was thought that Watt, while speaking at the annual convention of the NAREB, might, might say something about the GSE dividend payments...
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Fix & Flip Lender CALCAP Gets Equity Investment, Hires Former Flagstar Executive

August 3, 2017
Paul Muolo
Not counting the new investment from Gatehouse, CALPCAP has raised $225 million from investors since its inception 10 years ago. Company principal Mark Mozilo told IMFnews the firm is continuing to hire as it builds out a national lending platform.
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Short Takes: By September 30, the FHFA will Change the GSE Dividend Payment? / Not All Are in Favor / Profits and Volatility / A Loss for Nationstar but Stock Jumps a Bit / Flagstar Taps Fannie Mae Exec for Top Mortgage Post

August 3, 2017
Paul Muolo and Carisa Chappell
September 30 isn't far away...
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Short Takes: Freddie Moves Closer to SFR Financing / Room for GSE Legislation to Get Done? / Michael Bright: Acting Ginnie Mae Chief / Applications Decline / A New Hire for Waterstone

August 2, 2017
Paul Muolo, Sherry Muolo, and Carisa Chappell
Cowen & Co. analyst Jaret Seiberg believes the Senate Banking Committee remains on track to unveil GSE reform legislation late in the fourth quarter...
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After Years of Shedding Servicing Rights, BofA Getting Close to a Normalized Portfolio

August 1, 2017
Brandon Ivey
A telling sign: Bank of America employed 6,603 servicing employees as of the end of 2016, down 78.0 percent compared to the end of 2013.
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