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Short Takes: CFPB Continues to Hire – Examiners / The Ginnie Mae Job? / An End to ‘Implied’ Guarantees / The Ginnie Mae ‘Plan’ / Fears About the Mortgage Interest Tax Deduction

April 12, 2017
Paul Muolo and Thomas Ressler
More CFPB examiners means more CFPB exams? Maybe, maybe not...
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Mortgage Employment Keeps Rising, but for How Long?

April 11, 2017
Paul Muolo
Jeff Detwiler, president of Long & Foster, which also owns a mortgage banking firm, said the company’s attrition rate “is at its lowest.”
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Short Takes: Consumer Complaints Center on Credit Bureaus / LenderLive Completes PHH Deal / New Rez Issues Non-Agency MBS / Ben Carson’s ‘Listening Tour’ Arrives in Jacksonville, FL / Norcom Opens Denver Branch

April 11, 2017
Brandon Ivey, Paul Muolo, and Thomas Ressler
LenderLive hired a majority of the former PHH employees and rebranded the private-label facility...
Read More

Fannie Mae Controller and Principal Accounting Officer to Depart

April 7, 2017
Paul Muolo
Fink is expected to leave Fannie Mae in the second half of the year.
Read More

VA, Industry Seek Solution to Appraiser Shortage, Problem Causing Long Wait Times, Delayed Closing

April 6, 2017
The Department of Veterans Affairs this week expressed willingness to work with Congress and mortgage industry participants to find a solution to the agency’s ongoing appraiser shortage. Testifying during a hearing held by the House Veterans Affairs’ Subcommittee on Economic Opportunity, representatives of the VA Home Loan Guaranty Service, the National Association of Realtors, the Appraisal Institute and Clear Capital said the shortage of appraisers has led to long delays in obtaining appraisals and loan closings, as well as high appraisal costs. The VA appraisal program has been...
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Short Takes: How High are the Regulations, Jamie? Six-Feet High and Rising / Do This and Loan Production Will Increase by $300 Billion / Not Liking Loan Brokers / Hensarling Not Showing the Love / Castle & Cooke Goes Consumer-Direct

April 6, 2017
Paul Muolo
As might be expected, Rep. Jeb Hensarling, R-TX, chairman of the House Financial Services Committee, did his best to pummel the CFPB and its Director Richard Cordray during a hearing Wednesday.
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Three Walter Board Members Give Notice, Annual Shareholders Meeting Looms

April 5, 2017
Paul Muolo
Employee turnover is becoming a trend at Walter. Two weeks ago, the company's chief legal officer Jonathan Pedersen resigned.
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Dodd-Frank Co-Author Accuses GOP of Hypocrisy, Defends the CFPB

April 5, 2017
Thomas Ressler
The media call with Barney Frank was sponsored by the Constitutional Accountability Center, which assisted scores of current and former Democrat members of Congress in filing an amicus brief in defense of the CFPB.
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Short Takes: Mortgage Interest Deduction Could be Neutered / Trump Getting Close on Pam Patenaude for HUD Deputy Post / DocMagic Posts Strong Growth / Chimera Busy with Seasoned MBS / Fannie Mae Official Leaves for Due Diligence Firm

April 5, 2017
Brandon Ivey and Paul Muolo
It appears the Trump White House is once again seriously considering Pam Patenaude to be the deputy HUD secretary...
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Fast-Growing Nonprime Lender Angel Oak Adds Four Executives, Aims to Double Sales Force

April 4, 2017
Paul Muolo
Angel Oak employs 52 wholesale account executives and hopes to add three to four additional ones a month.
Read More
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