What We’re Hearing: Goldman Sachs is Doing What? / A Wall Street Warm Up? / 10.75% Money for Freedom Mortgage / A Grade of B+ / The Green New Deal a More Important Issue than Calabria? / CoreLogic Executive Lands Top Post at Fannie Mae March 22, 2019 Paul Muolo In the Senate, the 'Green New Deal' is more important than Mark Calabria?Read More
It’s Official: Freddie Names Dave Brickman CEO, Succeeding Layton. As for His Salary… March 21, 2019 Paul Muolo Thanks to meddling by Congress, several top executives at the GSEs earn more than the CEO...Read More
Short Takes: The Supremes Rule on Foreclosures and the FDCPA / It’s Good to be King, Unless You’re the CEO of Freddie Mac / Angel Oak Bolsters Office Space Big Time / Tennessee Bank Looking for Non-QM Loans / Two New Directors for Fannie / Correction: Fre March 21, 2019 Brandon Ivey and Paul Muolo Based on Freddie’s annual profits, CEO Don Layton is probably one of the two most underpaid bosses in the world of finance. Soon that distinction will belong to David Brickman...Read More
Short Takes: Getting the Industry’s Pulse on GSE Reform / Who Gets to Lead? / Why Phillips Didn’t Get the FHFA Job / The Battle for Risk / Selling Shares in Invitation Homes / Radian Names Dave Stevens to Its Board March 20, 2019 Paul Muolo and George Brooks Who knows more about GSE reform: the White House or Treasury? We get a sense the two parties don't see eye to eye on everything...Read More
Short Takes: Why the GSE Net Worth Sweep Won’t be Reversed / Recap and Release? / A Much-Watched Profit Reading / Starwood and Impac, a Symbiotic Relationship / Bank Failures, Anyone? / Reverse Lender Hires Sales Chief March 19, 2019 Paul Muolo and Brandon Ivey Each quarter, GSE profits reduce the federal budget deficit. If that cash is forfeited...Read More
Short Takes: A New Wave of Optimism? / Value Your CFO / Feds Plan Community Hearings on BB&T-SunTrust Deal / MFA Buying Plenty of Whole Loans. Can An MBS Be Next? / Former HUD Official Pam Patenaude Lands March 18, 2019 Paul Muolo Mortgage REIT MFA Financial, New York, bought roughly $1 billion worth of loans during the fourth quarter...Read More
Lender Diversity, Inclusion Activities on CFPB’s Radar Screen March 14, 2019 Yemeng Yang The letters refer to the diversity and inclusion standards issued by the agency in 2015...Read More
Short Takes: Not the Best Written Indictment? (Manafort) / Bought for $3 Million but Worth $8 Million a Few Years Later / Rates Move Lower / Applications Move Higher / PennyMac’s $200 Million Stock Sale / A New Hire for Gateway Mortgage March 14, 2019 Paul Muolo Thanks to declining interest rates, lenders are feeling more optimistic these days...Read More
Short Takes: More Non-QM MBS Deals on the Way / What’s Ginnie Mae Really Worried About? / A Big ‘Nothing Burger’? / What Borrowers Want When They Shop Online for a Mortgage / Amherst’s Appetite for SFR / A New Hire for Incenter March 13, 2019 Paul Muolo Another official described the Ginnie Mae change as a “nothing burger…”Read More
HFSC Chairwoman Asks CFPB Staffers to Expose Bad Bosses March 12, 2019 Yemeng Yang The Congresswoman said she is troubled by recent reports that show employee satisfaction at the CFPB fell sharply last year…Read More
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