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Short Takes: Home Equity Lending Becoming Red Hot? / ICBA’s Fine Not-So-Fine with a Single GSE MBS / MSR Mark-Ups Slow / Yet Another Lender Launches a Builder Unit / Auction.com Hires LinkedIn Exec

August 13, 2014
Paul Muolo
Wells Fargo, the nation’s largest servicer, has assigned an 80 basis point value to its residential MSR portfolio, but the nation’s number-two servicer, JPMorgan Chase, has its MSRs booked at 106 bps…
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Short Takes: Mortgage M&A: Lots of Talk, Not Much Action / New Penn Rolls Out Non-QM Loan / Arizona Mortgage Office Open to Offers / Auction.com Ramps Up Commercial Sales / Walter Seeks a New COO

August 12, 2014
Paul Muolo
A top producing office in Arizona for one mid-sized lender is making it widely known that it would like to move the entire staff to another firm...
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Surprise: FHA Chief Carol Galante Resigns, Effective This Fall

August 11, 2014
George Brooks
In late July Galante met with the press to discuss working with FHA lenders. But now she's handed in her resignation. Why?
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Walter Posts $12.9 Million Loss for 2Q, Servicing Growth Anemic

August 11, 2014
Paul Muolo
At June 30, Walter/Green Tree serviced $235.2 billion in mortgages, almost flat compared to March 31.
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Short Takes: Why is Galante Leaving FHA? / Not All Lenders are Suffering (Compared to Last Year) / Stonegate Has to Spend Money to Make Money / Caliber Hires Builder Chief

August 11, 2014
Paul Muolo
Stonegate Mortgage last week posted a meager second quarter profit of $300,000.
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What We’re Hearing: Look Out Below Ocwen? / Look Out Below Nationstar? / Regarding Fannie and Freddie: Did Treasury Know Three Years Ago They Were Turning the Corner? / What Constitutes Being ‘Under Investigation’? / A HUD Official Comes Clean

August 1, 2014
Paul Muolo
Next week, Nationstar Mortgage reports its second quarter results. If the company misses the targets set by investment bankers, it could be a blood bath…
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MBA Pushing for Expansion of LO Testing to Bank Employees

July 31, 2014
Brandon Ivey
The changes sought by the MBA would also allow mortgage loan officers at banks to more easily transition to working for nonbanks.
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Another Top Executive Departs Nationstar: Chief Compliance Officer Tankersley

July 30, 2014
Paul Muolo
Not only is Nationstar Mortgage one of the most shorted stocks in the sector, but it seems to be having quite a bit of turnover in the executive suite.
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Short Takes: Todd Rundgren Takes on JPM / Jumbo Production Jumps 37% at EverBank / HAMP Processing Slows – A Lot / FHFA’s Watt to Take HARP Road Show to Atlanta / More Executive Changes at Flagstar

July 30, 2014
Paul Muolo, Brandon Ivey, and Charles Wisniowski
Hello, It's Me Again: Your foreclosure notice.
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Will Bank of America Ever Mend Fences With Fannie Mae?

July 29, 2014
Paul Muolo
The Fannie-BofA squabble was tied to repurchase claims surrounding the bank’s legacy book of business, largely involving loans produced by Countrywide Financial and Merrill Lynch.
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