NLRB: Quicken Justified in Firing Employee after Foul Language Incident in Bathroom April 30, 2019 Brandon Ivey The National Labor Relations Board sided with Quicken Loans in the dispute...Read More
Short Takes: President Trump to the Rescue (On Rates)? / Then Again, If Stocks Crumble / Warehouse Risk? / Sales Commissions Continue to Rise / New Hires for Greystone April 29, 2019 Paul Muolo Sales commissions for retail loan originators totaled 111 basis points last year, according to a tally from MBA...Read More
What We’re Hearing: Due Out Next Week: GSE Earnings / The Last Dividend Payment? / Maybe a Chance at Reform Legislation? / LendingTree’s Money Tree? / MIAC’s MSR Auction April 26, 2019 Paul Muolo Keep an eye on what the GSEs say about their dividend payment...Read More
A Step Closer to Transitional Licenses for Residential Loan Officers April 25, 2019 Yemeng Yang Typically, loan officers do not need to apply for the transitional licenses separately... Read More
Short Takes: Believing in Big Payoff (Someday) / A Nice Return Based on 2019 Calculations / WMC Files for BK / Starting Out in Life as Weyerhaeuser / Two Lenders Form a Combo April 24, 2019 Paul Muolo Industry vets might recall that WMC started out in life as Weyerhaeuser Mortgage...Read More
Short Takes: JPM’s Latest Outreach Effort to RE Brokers / #3 in Retail / A Quick History Lesson / A Strong Quarter for MGIC / A New CEO for LoanLogics April 23, 2019 Paul Muolo Chase is looking for an edge with realtors...Read More
CFPB to Provide Targeted CIDs in the Future April 23, 2019 Yemeng Yang The CFPB is updating policies regarding civil investigative demands to ensure the government is providing more information about potentially wrongful conduct under investigation.Read More
Short Takes: Pacific Union Made $32M in Loans to Members / Mortgages to Employees? / Invitation Homes Pays Off Loans Early / A Reshuffle at Mortgage Capital Trading / PRMI Hires Reverse Manager April 22, 2019 Paul Muolo Lending to one's own employees: How big of a deal?Read More
Short Takes: Bucking the Origination Trend: BofA and USB / A Strong Quarter for Warehouse Bank Texas Capital / Reliant Hires RoundPoint as a Subservicer / Waterstone in the Hunt for a CEO / A New Hire for Guaranteed Rate April 19, 2019 Paul Muolo A stand-out was Texas Capital's “loans held for investment” program which ended the quarter at $6.30 billion, up 34% from a year ago. Read More
CEO Messina’s Comp Plan at Ocwen: $4.5 Million April 19, 2019 Paul Muolo The Ocwen filing notes that Messina was paid $240,000 per month in order to preserve his availability... Read More
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