Short Takes: A Record March for Guaranteed Rate / Will Treasury Really Allow the GSE to Have More Capital? / Hog Wild or Baby Steps? / Take Off the Lobbying Strait Jacket? / Maloni? Bueller? / National MI Gets Cozy with NAMB April 3, 2019 Paul Muolo With Fannie and Freddie earning so much money these days (and returning almost all of it to Uncle Sam) haven’t the two earned the right to lobby Congress regarding their future?Read More
Short Takes: Tennessee Bank Exiting Third-Party Production / Plaza Home Expands Non-QM Offerings / 23 Groups Want Expedited Vote on FHFA Nominee / Calabria Knows the Risks / The Signors Are… April 2, 2019 Paul Muolo and Brandon Ivey The letter does not specify what these new policies might be. Some type of administrative reforms, perhaps?Read More
MorVest Hires M&A Veteran Larry Charbonneau April 2, 2019 Paul Muolo Over the years, Charbonneau has advised on at least 90 M&A transactions, involving both depositories and nonbanks.Read More
What We’re Hearing: President Trump and GSE Reform / The NEC and Treasury, Cheek-to-Cheek on Fannie and Freddie? / Time to Hire an Investment Banker / Tim Who? / Altisource Unloads a Division / Odeon Hires Bove March 29, 2019 Paul Muolo Wells Fargo ranks first among home lenders and servicers – and with or without Tim Sloan, that’s not likely to change anytime soon…Read More
Trade Organizations Seek a Change to the LO Comp Rule March 28, 2019 Yemeng Yang The current LO rule actually prohibits reductions in compensation…Read More
Short Takes: What Happened to the GSE Rally? / Time for Treasury to Hire an Advisory Firm? / Trump Serves Notice to HUD as Well, HECMs a Big Concern / Where Did All the Senators Go? / Hugh Frater’s Other Job March 28, 2019 Paul Muolo and Yemeng Yang President Trump is concerned about the HECM program...Read More
Fannie Makes it Official, Names Interim CEO Hugh Frater Permanent Chief March 27, 2019 Paul Muolo Although Frater will lead Fannie, which earned $16 billion in 2018, his salary will be capped at $600,000 per year...Read More
Short Takes: FHFA IG Questions GSE CEO Succession Plans / The Watt Era / A Rare Instance of Bipartisan Agreement on a GSE-Related Issue / If Brickman Didn’t Get the Job, He Was Going to Quit / Please, Cut My Pay / FHFA’s Response March 27, 2019 Paul Muolo When’s the last time a chief executive of a multi-billion-dollar-asset company did something like that? Read More
LendingHome Issues $219 Million ABS Backed by Fix-and-Flip Loans March 26, 2019 Brandon Ivey Fix-and-flip loans typically payoff in about seven months...Read More
CFPB Makes Changes to Advisory Boards, Reversing Decisions Made by Mulvaney March 22, 2019 Yemeng Yang The bureau plans to extend the terms of half the current members in order to achieve the staggered terms and ensure continuity.Read More
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