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Short Takes: Freedom and RoundPoint: Waiting on the Regulators / The Advisors and the Numbers / KKR’s Stake in Mr. Cooper / MBA’s Application Survey? / A New President for AI

January 2, 2020
Paul Muolo

The Freedom-RoundPoint deal awaits regulatory approvals...


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Short Takes: Rising Rates, But for How Long? / Understanding Profit Margins / Freddie Gets a New CFO (Interim) / The Cost of the ‘Golden Handshake’?

December 30, 2019
Paul Muolo

How much might the Freddie Mac 'golden handshake' program cost?


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Short Takes: When Dems Show an Interest in GSE Reform … Lookout / The Questions / ‘What If’ Scenarios / A Texas-Sized Merger / A New Controller for Wells

December 20, 2019
Paul Muolo

So, what kind of GSE questions do the Democrats ask? Topics include timelines, benchmarks, capital levels, affordable housing issues, reducing the GSE footprint and the like. All of the questions might be viewed as quite predictable…


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Short Takes: Buying Into a Shrinking Market? / A Game of 22 (GSE) Questions / The GSEs: Big Earners by This Measurement / 30-Year-Old Servicing Systems? / Regulatory Woes for CA?

December 19, 2019
Paul Muolo and Yemeng Yang

After all, who wants to invest in a shrinking (GSE) business? Something to think about…


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Freddie Starts the Wheel Rolling on Employee Buyouts

December 18, 2019
Dennis Hollier and Paul Muolo

One Freddie shareholder quipped: "It sounds like something their advisors would have recommended – to improve proforma [earnings] going into a capital raise."  


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Broker Hiring Outpaces New Jobs Created by Mortgage Bankers

December 17, 2019
Paul Muolo

However, some lenders, including Flagstar Bancorp, are being careful about adding new workers.


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Short Takes: Hints of Trouble at Sterling? / Banks and Non-QMs / UWM Sets Record, Plans to Break Record / JPM’s New MBS / NLWU

December 13, 2019
Paul Muolo and Brandon Ivey

What’s so interesting about the Sterling disclosure is that it comes from a bank. For the most part, depositories have shied away from non-QMs unless it’s jumbo product made to wealthy individuals…


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Angel Oak Division Eyes $5B in Non-QM Originations for 2020

December 13, 2019
Paul Muolo

Tom Hutchens of Angel Oak: “We are getting deeper in our markets.”


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With Growth in Mind, Directors Hires Former LoanStar CEO Mike Baldwin

December 10, 2019
Paul Muolo

Directors Mortgage hopes to open new offices in Colorado and New Mexico by the second quarter of 2020.


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It’s LO Recruiting Season. Time to Open the Wallet?

December 10, 2019
Paul Muolo

Rick Sharga, president and CEO of consulting firm CJ Patrick Co., likened LO signings to the current Major League Baseball winter meetings being held in San Diego “where general managers bid against each other for free agents.”


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