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Trump Picks Wade as FHA Commissioner as Montgomery Waits for Senate Confirmation

February 21, 2020
George Brooks

Wade is no stranger to the Department of Housing and Urban Development...


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Nonbanks Grab the Mantle on Social Media, Banks Not So Much

February 19, 2020
Yemeng Yang

Most megabanks are mum on their social media policy as it pertains to residential loan officers…


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Wells Fargo’s New Mortgage Chief Comes from Arch Rival JPM

February 14, 2020
Paul Muolo

Industry consultant Paul Hindman on Mike Weinbach, the new Wells Fargo mortgage chief: “He’s s out to control the messaging. His goal will be to get immediate results.”


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Still Hiring: Mortgage Bankers and Brokers

February 12, 2020
Paul Muolo

Thanks to continued low interest rates, mortgage bankers and brokers are seeking additional workers...


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Short Takes: A Slight Earnings Decline for New Rez / Expenses Rising / Kraninger’s Semi-Annual Review / Down Again: Ocwen / Wells Fargo Exec Departs for Vendor

February 6, 2020
Paul Muolo and Yemeng Yang

Down again today: The share price of Ocwen Financial, the nation's 13th largest servicer...


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Chase Mortgage CEO Departs Suddenly. Is He Talking to Wells?

February 3, 2020
Paul Muolo

On his LinkedIn page, Weinbach lists himself as “On Garden Leave.”


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Hoping to Reduce LO Comp? Don’t Bet On It

February 3, 2020
Brandon Ivey

Lori Brewer of LBA Ware: “Despite speculation that lenders’ efforts to reduce operational costs would include curbing loan originator commissions in 2019, our analysis shows that base commission for LOs did not significantly change from 2018 to 2019.”


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FHFA Announces Reorg, Puts Former Stock Analyst In Charge of Regulation

January 31, 2020
Paul Muolo and Dennis Hollier

Valentin joins the government agency from Compass Point Research and Trading Group where he served as managing director/equity research analyst.


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Job Cuts at Mr. Cooper Servicing Platform in Oregon

January 30, 2020
Paul Muolo

In December, Mr. Cooper reported that pre-tax profit margins on originations fell to 1.1% in October and November from 1.3% in the third quarter.


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Short Takes: Framing the GSE Debate / 55 in 12 / Craig Phillips’ New Job / Flagstar’s Broker Partners / Mortgage Tech Vendor Gets New COO

January 28, 2020
Paul Muolo

To date, Odeon has published 55 comments on the GSEs in the past 12 months…


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