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Short Takes: Corker-Warner GSE Bill to Drop Next Tuesday / Ocwen Spin-off to Sell More Shares / CFPB Chief Cordray Defends ATR / FHA Performance Looking Up? / Stonegate Hires New Secondary Chief

June 20, 2013
George Brooks and Paul Muolo
The Corker-Warner GSE bill could see the light of day next Tuesday. Meanwhile, HLSS is selling more shares to the public.
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Flagstar Once Again Contemplating Selling Huge MSR Package

June 19, 2013
Paul Muolo
Thanks to rising interest rates, now may be the time for Flagstar to sell a huge block of servicing.
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PennyMac Financial Awards $6.6 Million in Stock to Top Officers

June 18, 2013
Paul Muolo
PennyMac Financial must be rolling in the dough: the firm is handing out huge stock awards to its top officers.
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Compensation for FHLBank Directors Varies Widely

June 17, 2013
Charles Wisniowski
Compensation for directors at each of the 12 Federal Home Loan Banks increased in 2012, continuing a trend begun in 2011 where a director’s earnings “started to show a wide range across the FHLBanks for similar positions,” according to the Federal Housing Finance Agency.
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Short Takes: Blatant Housing Discrimination Falls/ Housing Growth Boosts Economy, says Fannie Economist/ GSE Shareholder Petition Drive Losing Steam/GOP Subcommittee Chair Plans CFPB Budget Hearing

June 14, 2013
George Brooks, Thomas Ressler, and Charles Wisniowski
Overt acts of housing discrimination may have declined significantly but subtle forms of racial bias continue against minority home purchasers or renters nationwide, according to a new study released by the Department of Housing and Urban Development and the Urban Institute.
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I Love New York? Not If You Need LO Approvals Quickly

June 12, 2013
Paul Muolo
Five different nonbank lenders were asked by Inside Mortgage Finance to name the slowest states in terms of approval times. All cited New York as being among the worst.
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Short Takes: Two Mid-Sized Nonbanks on the Auction Block / Buying GSE Stock is Not for the Faint of Heart / Underwater Homes Decline / Mortgage Master Expands Again / CFPB Brags About its Nonbank Supervision

June 12, 2013
Paul Muolo and Charles Wisniowski
The M&A rumor mill continues to spit out names. An offering book is circulating on CashCall and at least one other shop, IMF has learned.
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Parent of Bexil American Mortgage Loses Money, Second Top Officer Departs

June 12, 2013
Paul Muolo
The latest Bexil American Mortgage officer to leave is Jay Fuller, who held the title of national sales manager.
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Refi Specialist CashCall Contemplating Staff Cuts, Is a Sale on the Horizon?

June 11, 2013
Paul Muolo
At press time, CashCall founder and president Paul Reddam could not be reached for comment.
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HUD Employees Will Be Furloughed June 14

June 11, 2013
George Brooks
Testifying before a Senate panel earlier this year, HUD Secretary Shaun Donovan warned that sequestration would limit the FHA’s ability to provide information and services in a wide range of areas.
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