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Ranieri’s Specialty Servicer Selene Gets New CEO: Pensabene from Bayview

July 16, 2015
Paul Muolo
Selene CEO and industry veteran Larry Litton is retiring. Years ago Litton launched Litton Loan Servicing, which he eventually sold to Goldman Sachs.
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Short Takes: More MSR Packages Hit the Market / Who Was at the First CSS Advisory Meeting? Wells Fargo and Others / New Home Sales Rise / Strong Earnings From MGIC

July 16, 2015
Paul Muolo and Sherry Muolo
CSS recently unveiled the trade groups that would participating in the IAG, but did not identify any individuals…
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Short Takes: Specialty Servicer Wingspan Finally Goes Bust / Too Many Debts, Not Enough Assets / Auction.com Steps Up on CRE Sales / Correction on FHFA / Stonegate Hires TPO Executive

July 15, 2015
Paul Muolo
One source close to Wingspan told IMFnews that many executives have been let go, including marketing director Guy Davies.
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Short Takes: Wells’ Appetite for Nonconforming Mortgages Rises / Someone Who Didn’t Rat Out the Neighbor on a Foreclosure / Locating Delinquent Borrowers on Facebook / How Much in Senior Home Equity? / A New Hire for LenderLive

July 14, 2015
Brandon Ivey, Paul Muolo, and Sherry Muolo
A few years back, one investor in nonperforming loans told us that when he couldn’t find a delinquent borrower he turned to the Internet, namely Facebook...
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Freedom Likes the VA Market; Has Added at Least 700 Workers to Promote FHA/VA

July 13, 2015
George Brooks
Over the past seven months, Freedom Mortgage has added 700 to 800 new employees to promote and originate VA and FHA loans.
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Servicing Analytics Firm MIAC Launches Broker-Dealer, More Growth Ahead?

July 13, 2015
Paul Muolo
MIAC also sells mortgage servicing portfolios, though that’s considered to be a small part of their business.
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And Yet Another Executive Departure at Nationstar: The Originations Chief

July 13, 2015
Paul Muolo
The recent departures at Nationstar began in May when the company revealed that Executive Vice President and Chief Strategy Officer David Hisey would leave the lender/servicer in mid-June.
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Short Takes: Putnam Invests in Altisource Asset Management / The Yield on the 10-Year Rises / A Correction for Home Values in Texas and ND? / Jumbo Standards Get Tighter / Former Fannie Executive Joins Hamilton

July 13, 2015
Brandon Ivey, Paul Muolo, and Sherry Muolo
Housing markets in North Dakota and Texas are looking a bit risky these days, according to the Arch MI Risk Index model.
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What We’re Hearing: A Bullish Sign for Mortgage Banking: PIMCO and Blackstone / Paying Up on Servicing-Released Premiums / Another Executive Departure at Nationstar / NSM Insider Sells Shares / Former NFL Player Builds $8B a Year Originator

July 10, 2015
Paul Muolo
FUN FACT: PIMCO owns almost 12 percent of PHH Corp., the parent of the nation's ninth largest residential servicer.
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Final Tally on Inside Mortgage Finance Poll: Production Staff in Demand

July 9, 2015
Sherry Muolo
The jobs that seem to be the least in demand include technology support (4 percent) and secondary marketing positions.
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