Short Takes: Just Because You’re Kicked Off the NYSE, That Doesn’t Mean… / Buying an MB for Diversification Purposes / A 10 Percent Broker Market Share and Holding / Clayton and Angel Oak / Nationstar is Hiring! August 29, 2016 Paul Muolo The nation's fourth largest servicer, Nationstar Mortgage, will hold a job fair on Sept. 12 at the Maude Cobb Convention Center in Longview, TX. Read More
Should Residential Loan Officers Worry About Their Jobs and Automation? August 26, 2016 Paul Muolo Depending on where they work, mortgage loan officers can earn anywhere from 20 to 100 basis points per loan.Read More
Short Takes: Stonegate Mortgage a Buyer of Other Firms? / The Other Stonegate Buys a Florida Bank / The Kings of the Channels / A New Permanent CEO for Clayton / Former FHFA Director DeMarco Sets the Record Straight August 25, 2016 Paul Muolo From what we understand, Stonegate Bank is not very active in residential lending, but Insignia is…Read More
CFPB Considering Registration System for Nonbanks, Mortgage Firms Included August 24, 2016 Thomas Ressler A CFPB nonbank registration system might be used to collect financial and operational data and information on a lender’s organizational structure…Read More
Short Takes: A 25 Percent Chance Uncle Sam Will Lose the GSE Lawsuits / Risk-Sharing Depletes Shareholder Value / Former Fannie CEO Mudd Settles with SEC / Mudd’s Second Act Didn’t Last Long / A New Hire for Closing Corp. August 23, 2016 Paul Muolo KBW believes all the GSE risk-sharing deals will “put further pressure” on the long-term value of the stocks of Fannie and Freddie…Read More
MBA’s ‘Profit’ Falls Ever So Slightly; Revenues Increase Along With Salaries August 22, 2016 Paul Muolo The top revenue generator for MBA was membership dues at $18.24 million. Its annual convention took in $7.5 million while all other conferences generated revenue of $17.70 million.Read More
Mortgage Underwriters Make How Much? August 22, 2016 Sherry Muolo Stratmor based its findings on results from 36 companies. Most of the focus was on retail lending.Read More
Short Takes: Will Ocwen Come Roaring Back? / A 29 Percent Decline in MSR Contracts / Finally, A Stock Deal / HUD Left Money on the Table / A New Director for Altisource August 22, 2016 Paul Muolo Is Ocwen's share price extremely undervalued? Read More
What We’re Hearing: LO Jobs in Danger From Hal? / How Many Mortgage Loan Officers Are There? / The Human Touch / American Home’s Michael Strauss is Back with Nonprime Lender / 'Alt A' Lending May Return August 19, 2016 Paul Muolo Of course, it’s debatable how many LO jobs might disappear through automation...Read More
Short Takes: Freedom, Now the Big Kahuna of FHA & VA / Quite an FHA Decline for BofA / Job Cuts at Ditech / Bad Timing / A New Subprime MBS? August 18, 2016 Paul Muolo and John Bancroft Will the last megabank left in the FHA market please turn off the light...Read More
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