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Short Takes: Biden, Fannie and Freddie / When a Socialist Gets Money to Spend / A 224% Spike in Refis / What Wells is Doing / A Big (but Expected) Promotion at Freddie

March 4, 2020
Dennis Hollier and Paul Muolo

Wells Fargo: “Like everyone, we are seeing an increase in mortgage application volume driven by lower rates. In order to help provide the best possible service to our customers, we continue to hire underwriters, processors and closers..."


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A New Ginnie Mae President? Don’t Hold Your Breath

March 2, 2020
George Brooks

For nearly all of President Trump’s term, Ginnie Mae has been operating without a president, carrying on its daily business with surrogates.


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CFPB’s Second in Command Departing for the Private Sector

February 25, 2020
Yemeng Yang

Johnson joined the bureau in December 2017 as one of the top political appointees under then-acting CFPB Director Mick Mulvaney. 


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Short Takes: A Question for Potential GSE Investors: Revenue Growth? / Charter Creep? / Calabria Set to Speak at NABE / Falling Rates (Again) / A Promotion at Radian

February 21, 2020
Paul Muolo
Are Fannie and Freddie stuck in a zero-sum game? Investors will want to know...
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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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