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…

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

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

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.”

Scott Olson said CHLA is urging state and local regulators not to over-react to the FSOC report...

Tim Doyle of the CSBS: “There will be a significant impact and industry should see a decreased turn time in getting the MLOs approved.”

Renzi spent a large chunk of his career at GMAC, finishing his 23-years there as COO of ResCap and president of the mortgage division. He followed that up with a couple years as Freddie’s executive vice president for its single-family business.

At Sept. 30, the CFPB employed 1,430 workers, down 5.3% from a year earlier and 14.3% below the 1,668 it employed in 2017.

Mortgage insurer Radian recently modified the severance agreements it has with certain executives, boosting termination pay to 150% from 100%. Of course, this only applies if it’s a “qualifying termination event"...

CSS is the platform created by the GSEs to develop the uniform MBS, the common security now used by the two mortgage giants...