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Short Takes: What if Congress Hates the GSE Reform Plan? / Options Will be Presented / In the End, a Dud? / Watching the 10-Year Treasury / New CEO Named at Academy Mortgage

August 28, 2019
Paul Muolo

But in the end, will an administrative plan of some type actually be implemented? Just because it’s released that doesn’t mean it’s a mandate


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What We’re Hearing: Loan Brokers, the Swagger is Back / Hiding From Wholesale: Most Banks / What Would Jamie Dimon Say? / Olmem is the Man / Lifting the Pay Cap on GSE CEOs?

August 23, 2019
Paul Muolo

One GSE-related question that hasn’t been answered yet: If a recap and release plan becomes a reality, will Congress end the $600,000 pay cap on GSE CEO compensation? 


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Boom Times for Better.com: Originations Spike, Firm Raises $160M. And ‘Help Wanted’ Too

August 23, 2019
Brandon Ivey

Better.com President Jerry Selitto told Inside Mortgage Finance the firm hopes to add 400 additional employees by yearend. Some of its workforce is in India…


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Short Takes: Complicating GSE Reform? (Which is Already Complicated Enough) / Private Pricing? / Not Worrying About Debts and Deficits / Not in Kansas Anymore: Bair Named to Fannie’s Board / Two New Board Members for TMC

August 22, 2019
Paul Muolo

At Fannie Mae, former FDIC chief Sheila Bair will serve on three board committees: compensation, nominating and corporate governance.

 


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Lenders Face Capacity Issues. Brother, Can You Spare an Underwriter?

August 22, 2019
Paul Muolo

Most of those interviewed said the third quarter will be stronger than the second in terms of origination volume...


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Short Takes: Caution: Possible G-Fee Hike Ahead? (Trump) / A Tax on Homeownership? / Falling Applications and the Industry’s ‘Capacity’ Problem / Top Tech Exec Bolts loanDepot for GR

August 21, 2019
Paul Muolo

The big question: Will the White House and Congress visit the guarantee fee trough once again to pay for it? 


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Short Takes: Trump Tells the Market: Mr. Powell, Tear Down Those Interest Rates / The Double-Edged Sword / Not Prepared for the Onslaught? / AEI Sees Negatives In FHA Loosening Condo Rules / Tech Vet Launches Zedvue

August 20, 2019
Paul Muolo

Meanwhile, lenders are swamped these days with new business but are they prepared (staffing wise) to handle the volume?


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More Ocwen Insiders Buy Shares in the Open Market

August 20, 2019
Paul Muolo

Generally, it’s a bullish sign when executives purchase shares of their companies in the open market, especially if they’re paying cash as opposed to buying on margin.


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Short Takes: Waiting on Capital Rules for Fannie & Freddie / Re-proprose It? / Louisiana and Ohio Lenders Agree to Merge / Does PIMCO Have a Mortgage Problem? / New Rez Agrees to Buy Guardian

August 19, 2019
Paul Muolo

PIMCO owns at least one mortgage company, First Guaranty Mortgage Corp., in Tysons Corner, VA. Earlier this year, FGMC launched a non-QM brand called Maverick…


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Founder of Top-Ranked Warehouse Provider Texas Capital to Retire. However…

August 19, 2019
Paul Muolo

Ackerman is receiving a lucrative retirement package, including $20,000 to cover out-of-pocket expenses in connection with striking the deal…


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