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Short Takes: A Boom in Bank MSR Sales? / Ocwen’s Bonds Hold Up / Common Securitization Solutions’ ‘Black Budget’ / New Global Mortgage Chief for Citi / New Hires for Auction.com

January 15, 2015
Paul Muolo
The FHFA, so far, has declined to provide a budget figure to the general public.
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Short Takes: JPM Touts Correspondent Channel / CFPB Chief Cordray Says the Sky Did Not Fall / What? / Supreme Court Deals Blow to RBS, Nomura

January 13, 2015
Paul Muolo and Thomas Ressler
Despite Cordray's proclamation, loan production fell by 35 percent last year, but all that was tied to refis plunging. Right?...
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Want to Make Money as a Loan Officer? Don’t Work at a Bank

January 11, 2015
Paul Muolo
How much a loan officer earns can be determined by where his/her leads come from.
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Short Takes: Quicken Chief Economist: ‘Rates Could Go Lower’ / Oil, Housing, Mortgages? / One Crazy Mortgage Guy is Against Lower FHA Premiums / TPLS Buying MSRs / New PAC Chief for MBA

January 8, 2015
Brandon Ivey and Paul Muolo
Mortgage lenders are delirious about lower FHA premiums, right? Well, not everyone.
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Ellie Mae Founder Sig Anderman Stepping Down as CEO

January 6, 2015
Paul Muolo
Anderman took Ellie Mae public in 2011. The company now has a market cap north of $1.1 billion.
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Short Takes: Ocwen Clocked Again / New Mortgage Blood? / What’s Next for Sig Anderman? / WaMu Lives, Well Sort Of / Auction.com Sees Possible Shift in CRE

January 6, 2015
Brandon Ivey and Paul Muolo
“There’s a lot of 60- and 70-year old mortgage managers out there.”
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Short Takes: PHH May Unveil Renegotiated Private-Label Deals Soon / LOs are Hot, Mortgage Executives Are Not? / NPL Sales Weak of Late? / Large Wholesaler Enters 3% Down Market / Pingora Rocks in MSRs

December 31, 2014
Paul Muolo
According to Rick Roque, who heads MenloGlobal, “for the most part, executive level opportunities are stagnant, unless production comes with it."
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The Best Paid Mortgage LOs are in Arizona, California, New Jersey, New York

December 30, 2014
Paul Muolo
Some banks pay between 50 and 80 basis points per loan. At the top end of the market are loan officers who earn between 150 and 200 basis points per transaction.
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In 2015, JPM Will Hire Mortgage Workers, Wells Mum

December 30, 2014
Paul Muolo and Sherry Muolo
According to figures compiled by Inside Mortgage Finance, Wells Fargo was the nation’s largest home lender in the third quarter with $49.95 billion. JPM was a distant second.
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Mortgage Loan Officers Continue to be in Demand

December 30, 2014
Paul Muolo and Sherry Muolo
The general consensus among those interviewed is that nonbanks will be more aggressive in their recruiting than depositories.
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