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Short Takes: What’s Keeping Mortgage CEOs Up at Night? / Food Titan Enters the Non-Agency MBS Market / A Non-QM Loan from loanDepot / Mortgage Applications Rise / AMC Hires Former Stewart Executive

November 18, 2015
Paul Muolo and Brandon Ivey
Mortgage executives have much to worry about these days: TRID, declining loan volumes and marketing services agreements, a new survey found.
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Even Though the GSEs are Shrinking, the FHFA and OIG Keep Adding Employees

November 17, 2015
Paul Muolo
In a past audit, the OIG criticized the FHFA for lacking a “sufficient number of examiners.” In the new budget, the FHFA plans to increase its examinations head count to 275 from 248 in FY 2015.
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Short Takes: Congress Turns Grinch on GSE CEO Salaries / A Disappearing Asset: GSE REO / VantageScore Sees Huge Gain in Orders / Two Harbors Adds Former RBC Vice Chair to Its Board

November 17, 2015
Paul Muolo and Carisa Chappell
At the end of fiscal year 2015 the two GSEs had combined REO holdings of 78,738 units, a 36 percent decline from the prior year…
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Short Takes: And the Lenders One President Is… / Mortgage Ads on the Front Page of The Washington Post / Atlantic City’s Foreclosure Crisis / First American Reports Order Increase / CoreLogic Expands Multifamily Effort

November 12, 2015
Paul Muolo
Although the home foreclosure inventory is falling compared to a year ago, some metropolitan areas are seeing an increase in new filings, including Atlantic City.
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Short Takes: Goldman and Fortress Win the Bid for Fannie NPLs / It’s Hard Out There for a Mortgage REIT / UG Gets Good Grade on Security / InterLinc Mortgage Hires Former Envoy Executive

November 10, 2015
Paul Muolo and Carisa Chappell
The nation’s largest mortgage investing REIT, Annaly Capital Management, reported a $627 million loss in the third quarter compared to a $900 million profit in 2Q.
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Mortgage Brokers Shed Jobs, Lenders Still Hiring

November 9, 2015
Paul Muolo
Mortgage broker employment hit a multi-year low of 55,200 jobs in the spring of 2011, but the sector has steadily added workers...
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The CFPB Hasn’t Outlawed MSAs Quite Yet, but It Sure Feels Like It

November 6, 2015
Thomas Ressler
A helpful piece of advice: MSA participants should avoid entering into agreements that provide for exclusivity, such as being named a preferred lender.
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The Coming HMDA Challenge: Accurately ‘Capturing’ Mortgage Data

November 6, 2015
Thomas Ressler
System upgrades, increased staffing and other costs also are driving industry anxiety, Wolters found.
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Consumers Expecting More in Financial Dealings

November 6, 2015
Nobody likes getting a mortgage, but interactive technology – if implemented correctly – can make the process significantly more transparent and less stressful, industry experts say. There is an opportunity in technology to make the system more transparent and help educate the next generation of homeowners, as well as minority groups, said Robert Greenbaum, director of communications and marketing at Fannie Mae, during a panel session at the annual convention of the Mortgage Bankers Association. “They aspire...
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Short Takes: A Kinder, Gentler Fannie Mae on LLPAs? / Former Fannie Exec Blames the Government for the GSE ‘Crisis’ / MBA Weighs In / CFPB Not Happy on Servicer Performance / New Servicing Chief for Wells Fargo

November 4, 2015
Paul Muolo and Thomas Ressler
MBA continues to believe that, given the lack of reserves, eventually the GSEs will need to take a draw from Treasury, said Dave Stevens.
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