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PennyMac SVP of Business Development Bolts for Think Tank; Bright Worked for Sen. Corker

June 29, 2016
Paul Muolo
During his career, Bright has worked for Sen. Bob Corker, who supposedly is on Donald Trump’s short list of VP candidates…
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Short Takes: Fed Official Casts Doubt on Nonbanks? / The American House: A Terrible Investment? / Concern Over VA-Streamlined Refis? / Amherst Hires Barclays Mortgage Officials / A New 52-Week Low for Walter Investment

June 28, 2016
Brandon Ivey and Paul Muolo
A few weeks back, Walter Investment CEO and vice chairman Denmark Dixon resigned, but was given a $2.25 million cash payment as part of a separation agreement from the company.
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What We’re Hearing: Mortgage Lenders to England: Thanks for Igniting Another Refi Boom / Servicers Cringe? Maybe Not / Brexit, Plunging Rates and the GSE ‘Hedging’ Issue / More on a Possible FHA MIP Cut / Capsilon Gets Investment from PE Firm

June 24, 2016
Paul Muolo
What does the Brexit vote for Fannie Mae and Freddie Mac? Hedging losses, maybe?
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Short Takes: CFO of Marketplace Firm Departs / The Coming Bloodbath in Marketplace Lending? / More Non-Delegated Options for Sellers / MiMutual Posts Nice Production Gain / He’s Back: GSE Wag Bill Maloni

June 21, 2016
Brandon Ivey and Paul Muolo
Consultant Joe Garrett noted that if investors are worried about marketplace lenders in the current credit environment, just wait until the economy eventually goes south...
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Short Takes: Hillary, Donald, Fannie and Freddie? / NAHB Prefers ‘Ranieri-Zandi’ Plan / Spend It. Otherwise Uncle Sam Gets That Money! / Fannie Eventually Will Make a Killing in RE / Former New Century Chief Lands at Carrington

June 16, 2016
Paul Muolo
Eventually, Fannie Mae will sell its historic HQ site at 3900 Wisconsin Avenue in Washington, DC, and making a killing on the sale...
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As Rates Drop, Mortgage Lenders Increase Hiring – Even the Megabanks are Looking for Workers

June 15, 2016
Paul Muolo
One trend that appears to be gaining momentum is the increased use of call centers and loan officers working at such shops who are compensated at lower commission rates…
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Short Takes: Mortgage Trade Group v. Mortgage Trade Group? / MBA’s Stevens Reacts / Quicken Selling Loans to Berkshire’s Mortgage Unit / Why Moody’s Can't Rate JPM’s LO System / Fannie Hires New Chief Audit Executive

June 15, 2016
Brandon Ivey and Paul Muolo
MBA President Dave Stevens told IMFnews: “We respect the work of Glen [Corso, CMLA director] and his organization greatly...."
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Walter Chairman and CEO Ousted, Former Citigroup and GE Executive Brought in to Lead Cost-Cutting Effort

June 9, 2016
Brandon Ivey
Walter’s stock price has declined by about 80 percent in the past year due to regulatory issues and other pressure on nonbank servicers...
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Short Takes: Nonprime MBS Rating Cap / Negative Equity Update / California Renters / Loans for Older Home Owners / MBA Vice Chairman

June 9, 2016
Brandon Ivey
Some 4.0 million mortgage borrowers had negative equity at the end of the first quarter of 2016, down 21.5 percent from the first quarter of 2015.
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JPM Hiring Hundreds of Mortgage Workers, BofA Active as Well

June 8, 2016
Paul Muolo
Equity Prime Mortgage of Atlanta said it’s hiring in all areas, including sales, servicing, operations and compliance…
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