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What We’re Hearing: A Spike in Demand for ‘Key’ Mortgage Talent / About Those M&A Deals… / ‘Significant’ MSR Auctions in the Works / Good CFPB News for Ocwen and Nationstar / Risk-Based Capital for Mortgage Insurance Firms? / Carrington Under Investigatio

June 27, 2014
Paul Muolo
We continue to hear plenty of talk about mortgage mergers and acquisitions with deal announcements likely to come between early July and late August.
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Short Takes: FHFA Moving Closer on a Risk-to-Capital Ratio for MI Firms? / Does Sterling Still Love Prospect Mortgage? / Delinquencies Hit a Multi-Year Low / Is the MSR ‘Trade’ Getting Old? / Pete Carroll’s New Director Job

June 26, 2014
Paul Muolo
What does the future hold for the hedge fund-owned Prospect Mortgage?
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Short Takes: Did Ocwen Off-Load Some Servicing to Cenlar? / Wholesalers Capping Broker Compensation at 2.2 Percent? / The Final Squeezing of the HARP Grapes? / A Kinder, Gentler CFPB?

June 25, 2014
Paul Muolo
We talked a handful of wholesalers and were told the figure is much lower – in the range of 2.2 percent to 2.5 percent. Broker-sourced loans account for less than 10 percent of all loans funded today,
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Does the Mortgage Industry Still Have Too Much Capacity? Will Looser Credit Help?

June 24, 2014
Paul Muolo
Will an increase in non-QM lending arrive in time to bolster the mortgage industry?
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Statebridge Names Former Seterus Executive Jay Memmott its New President

June 24, 2014
Paul Muolo
It is unclear exactly when Jay Memmott left Seterus.
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Short Takes: When Might the Ocwen-Wells Deal Clear? We Don’t Know / FSOC Voices Concern on Fast Growth of Nonbank Servicers / Lone Star Wins HUD Auction / Should Mortgage Vendors Worry Much About the CFPB?

June 23, 2014
Paul Muolo
The Financial Stability Oversight Council of the Treasury Department has its eye on the rapidly growing market presence of nonbank servicers such as Ocwen, Nationstar Mortgage and Walter Investment Management.
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What We’re Hearing: Will New York State Ever Charge Ocwen? / Which Firm is Servicing Ben Lawsky’s Mortgage? / FHFA May Set Capital Minimums for Nonbank Servicers / Redwood Trust Gets Membership in An FHLB

June 20, 2014
Paul Muolo
Sources tell IMFnews that the Federal Housing Finance Agency is looking into the matter and is promoting the idea of capital minimums for nonbanks that do business with Fannie Mae and Freddie Mac.
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Short Takes: So, What’s Ed DeMarco Up to These Days? / Beat on the Brat Because of His (Lack of) GSE Knowledge / CFPB Rules Have Had No Impact Whatsoever on the Industry? / FHA Unveils New HECM Guidance / A New Strategy in MBS Cases

June 19, 2014
Paul Muolo, George Brooks, and Brandon Ivey
He may know how to run a decent race, but does economics professor David Brat – the man who beat Rep. Eric Cantor in the GOP primary in Virginia – know the history of the mortgage meltdown?
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Short Takes: Norcom Brings Its Wholesale Account Executives In-house / Government Shakes Down SunTrust? / Fannie’s Bank Statement Fraud Project / About that Revival in Mortgage Applications… / New Hires at MGIC

June 18, 2014
Paul Muolo
Norcom wants its wholesale account executives to be in the office, not traveling the roads.
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Stonegate Mortgage President Daniel Bettenburg Resigns

June 17, 2014
Paul Muolo
Bettenburg earned a base salary plus bonuses of roughly $781,742, according to the S-1 statement.
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