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
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
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