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Short Takes: Uncle Sam will be $5B Richer on Friday (GSE Money) / Zilch for the Others / Break Up Fannie and Freddie? / Something to Ponder / A Promotion at Guild Mortgage

June 28, 2017
Paul Muolo
Meanwhile, holders of the GSE junior preferred stock receive nothing from Fannie and Freddie in terms of dividends.
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Cordray Gone By Year End? Who Will Replace Him?

June 27, 2017
Thomas Ressler
If Trump names a top GOP lawmaker to head the CFPB it would leave open another House or Senate seat…
Read More

Short Takes: Earnings Season is Upon Us / Business Must be Good at PennyMac / Fidelity National Makes an Acquisition / It’s Not a Malware Problem / Home Loans by (Yes) Homie

June 27, 2017
George Brooks and Paul Muolo
We kid you not: Home loans from a firm called Homie...
Read More

Update: Deal Agent Negotiations for Non-Agency MBS Drag On

June 23, 2017
Brandon Ivey
Clayton Holdings was the first firm to receive an assessment from rating services as a deal agent…
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Scores of Trade Groups Push Congress to Dump Single Director Management of the CFPB

June 23, 2017
Thomas Ressler
Groups backing the five-member commission idea include the Mortgage Bankers Association, the Consumer Mortgage Coalition and the Community Mortgage Lenders of America, among others.
Read More

Some Lenders (Like Movement Mortgage) Keep Hiring; Others are Cautious

June 23, 2017
Paul Muolo
Quicken, the nation’s third-largest home loan originator – and number two in retail – is continuing to add positions in “all areas of the business,” said a company official.
Read More

What We’re Hearing: New Rez CEO Not Worried About Ocwen / $425 Million / The CFPB has Been Defanged? / Falling in Love with Nonprime / The GSE Hearings Commence / Sen. Mark Warner’s Constituents (Freddie Employees)

June 23, 2017
Paul Muolo
We can only assume Sen. Warner knows Freddie Mac is headquartered in his state, which means the company’s employees are his constituents.
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loanDepot Hires Former Subprime Executive Flanagan to Lead Effort in ‘Proprietary’ Products

June 22, 2017
Paul Muolo
Flanagan once headed Cove Financial, which offered a unique rent-to-own product.
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Short Takes: The Big Loser in Nationstar’s ‘Insourcing’ Deal? / Wanting to Talk to U.S. Reps / The Desire to Own / Here Comes the Flood (Bills) / A Promotion at Guild Mortgage

June 22, 2017
George Brooks and Paul Muolo
But before you can shout “Let’s make America great again” there are some caveats to consider...
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Short Takes: Is Nationstar Listening to Trump? / India Office Will Stay Open / What Will Ocwen Financial Do? / Big M&A Maybe / DocMagic Ready for UCD

June 21, 2017
Paul Muolo
The Nationstar news begs another question: Will Ocwen Financial, which employs thousands of servicing workers overseas, follow suit?
Read More
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