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Short Takes: For the Good Times… / Legs to It? / MBA’s Profitability Reading: $4,548 Per Loan / Expenses Actually Decline / Losses Remain on the Servicing Side of the Aisle / New Hires at a GSE-Owned Company

September 2, 2020
Paul Muolo

Lenders are minting money these days, servicers not so much...


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Mr. Cooper on Track to Add 5,000 Employees This Year

September 2, 2020
Brandon Ivey

Mr. Cooper plans to increase its staff by more than 50% this year, with many of the hires focused on mortgage originations.


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Not Only are Home Lenders Thriving, So Are Their LOs

September 2, 2020
Maria Volkova

LOs earned 59% more in the second quarter of 2020 compared to the same period a year ago, according to figures compiled by LBA Ware...


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Short Takes: HFSC Chair Wants GSE LLPA Killed Outright / Being Excluded From Narrow Exemptions? / A Biden Victory Means... / MBS Trading Increases

August 27, 2020
Paul Muolo

But there’s something else to think about here. Let’s say Democrat Joe Biden (DE) wins the White House in November. After being sworn into office, will he act swiftly to dismantle this very controversial loan-level private adjustment?...


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Short Takes: The Emphasis is on ‘Informal’ / A 60-day Rate-Lock Reprieve? / Refi FOMO (Maybe) / It Would Help / Promotions at Subservicing Specialist BSI

August 24, 2020
Paul Muolo and Dennis Hollier

The general consensus is that this new loan-level price adjustment will not be killed outright but very well could be moved back by at least 60 days from its current Sept. 1 implementation date. This would allow lenders facing rate-lock hits to avoid financial damage…

 


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Short Takes: LLPA Relief on the Way? / The White House is Aware / But Profit Margins are Strong… / With a Little Help from Their Friends / A Promotion at MGIC

August 19, 2020
Paul Muolo

A basic question: Will Treasury step in to change the trajectory of the new GSE refi fee? (The mainstream media has finally discovered the story.)


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Short Takes: New Rez Settles Non-QM Case / Still Humming Along: Priority / Waiting on Warehouse / Behind the Scenes: PIMCO / CoreVest Loses a VP

August 12, 2020
Paul Muolo

Pulling the strings behind the non-QM curtain: A giant named PIMCO...


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Top-Ranked Lender Vows to Keep Employees at Home Until Pandemic is ‘Under Control’

August 7, 2020
Maria Volkova

The Caliber CEO recommends patience in reopening offices, saying opting to wait has kept his employees safe from the surge of COVID-19 cases in Texas...


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Looks as Though Everyone in the Mortgage Industry is Hiring

August 7, 2020
Paul Muolo
The biggest complaint from mortgage executives the past few months: A lack of loan processors and operations workers available for hire.
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Democratic Lawmakers Grill Kraninger Over Pandemic Response

July 31, 2020
Yemeng Yang

Democratic lawmakers called on CFPB Director Kathy Kraninger to resign.


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