Short Takes: What We Talk About When We Talk About GSE Reform / MGIC Executive Departs / Winter is Coming, and So is a Recession / All Clear on (Ginnie) Liquidity Issues / Thrift Executive Indicted in Manafort-Related Case May 24, 2019 Paul Muolo Good news/bad news: Rates are likely headed lower but a recession is on the way...Read More
Ocwen’s Chief Accounting Officer Resigns, No Reason Given May 23, 2019 Paul Muolo Ocwen agreed to pay CAO Dondzila $568,780, plus a six-month consulting deal that offers $36,092 per month.Read More
A Government Agency Hooked on Using Private Contractors: Ginnie Mae May 21, 2019 George Brooks GAO: Ginnie Mae does not fully understand the relative costs of its reliance on contractors...Read More
Controversial Fair Lending Chief Quits the CFPB May 16, 2019 Yemeng Yang Blankenstein, a political appointee, was hired by former CFPB acting Director Mick Mulvaney to oversee the supervision and enforcement...Read More
Short Takes: Great Expectations? / One Stock You Can Bet On / How Big Is PIMCO in Mortgages? Very Big / Another Departure at Ginnie Mae May 16, 2019 Paul Muolo Finding value in GSE equities: It's complicated...Read More
Short Takes: A New Mortgage Benchmark Has Arrived / Next Up for Calabria: the MBS Secondary in NYC / The Chicago Way / A Loss for Cherry Hill, but… / A New Deputy Director at the CFPB May 15, 2019 Paul Muolo April was a record month for nonbank mortgage giant Guaranteed Rate...Read More
Short Takes: Former FHA Chief Stevens Weighs in on Administrative Reform of the GSEs / Watch the Swim Lanes / New Executive Hires for Angel Oak / Redwood Preps Prime Non-agency MBS / Not All Agree on CLO Standards May 14, 2019 Paul Muolo and Brandon Ivey Will new FHFA chief Mark Calabria narrow the GSE swim lanes?Read More
Flagstar Faces Financial Exposure on Failure of Reverse Lender May 13, 2019 Dennis Hollier Reverse lender Live Well Financial of Virginia closed its doors last week, laying off roughly 100 full-timers... Read More
What We’re Hearing: The Return of Impac’s Co-Founder / Surviving Somehow / Vista Point Mortgage Arrives / Mangiaracina Hopeful / Armageddon Times? (Avoided) / Warehouse Rising May 10, 2019 Paul Muolo Bill Ashmore's new venture is based in Irvine, CA, home to many entrepreneurial mortgage shops...Read More
Calabria Building His ‘Dream Team’ at FHFA, In Anticipation Of? May 10, 2019 Dennis Hollier Calabria's hiring spree at the FHFA reminds us of the Tom Waits's song, "What's He Building In There?"Read More
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