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Surprise: Mortgage Hiring Inches Up in December

February 5, 2016
Paul Muolo
Among those hiring is Jordan Capital Finance, Chicago, which seeks to add new loan reps and a senior vice president of sales and business development...
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What We’re Hearing: CFPB Tries to Clear the Air on Construction Loans / A Friendly Holiday Letter From Richard? / CMC Supports the FR Move / A Tech Firm Enters the Mortgage Space / $1 Billion a Month in MSR Purchases

February 5, 2016
Paul Muolo
Paul Hindman, a consultant at Grid Financial Services, had this to stay about the deal: “The more important question is what other mortgage-related companies are on Computershare’s shopping list….”
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Impac Gets More Aggressive on Non-QM Lending, Hires Channel Development Director

February 3, 2016
Brandon Ivey
Impac is working to increase originations of non-QMs as part of an effort to mitigate against reduced refinance volumes.
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Short Takes: Selling Your Mortgage Firm? Be Prepared to Stick Around / What do Mortgage CEOs Earn Each Year? / The Falling Yield on the 10-Year / First Tennessee Settles with Uncle Sam / LenderLive Hires Ex-Impac Official

February 2, 2016
Paul Muolo and George Brooks
Earnings are high at most nonbank lenders these days, which makes them attractive to investors...
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What We’re Hearing: Oh, and Here’s a New Fee / Losing Money on Loans Because of TRID? / Too Embarrassed to Give TRID Results? / What Would Ed DeMarco Say Now? / Phoenix Out with New MSR Deal / Promotions at Stonegate

January 29, 2016
Paul Muolo
90 cents on the dollar for a mortgage with TRID errors? That can't be welcome news...
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Short Takes: The Top Mortgage Performer Is… / And the Lender with the Weakest Growth Is… / New Jumbo MBS From WinWater Offers Investors a Choice / Promotions at Mortgage Master

January 28, 2016
Paul Muolo and Brandon Ivey
Analysts continue to believe that PHH's shares are undervalued based on “book” price…
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The Retail Quitters Are … Some Mortgage Branch Managers Cutting Deals?

January 27, 2016
Paul Muolo
Asked why these employees would join his company, the executive said the current owners of his target have become less competitive on pricing and trimmed compensation for loan officers.
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Trade Group Chief: Suspend TRID Immediately; Does the Consumer Even Read the CD?

January 27, 2016
Paul Muolo
In an interview with IMFnews, NAIHP president Marc Savitt said the new forms are confusing and "the three-day waiting period is useless and unnecessary.”
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Short Takes: Flagstar’s Best Year Since 2003 / Depositories Not So Aggressive in Table Funding (Still) / Genworth’s Share Price Continues to Suffer / Arch Among Fast-Growing MI Firms / DB’s MBS Research Chief Departs

January 26, 2016
Paul Muolo
Flagstar is the largest depository remaining as a table funder of mortgages through loan brokers...
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MBS Liquidity Falls to a New Low…

January 26, 2016
Paul Muolo
As a structural matter, the bank is moving the operation from its “securitized products” group to “macro trading.”
Read More
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