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Chairman of Insurance Conglomerate with Ties to Mortgage Industry Indicted in NC

April 3, 2019
Paul Muolo
Anne Tompkins, Lindberg's attorney, said her client is “is innocent of the charges in the indictment and we look forward to demonstrating this when we get our day in court.”
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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?
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FHFA Authorizes GSE Payments to Affordable Housing Trust Funds

April 3, 2019
Dennis Hollier
Fannie’s contribution totals $215.0 million. Freddie will kick in $161.7 million...
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Ditech Says 10-K Filing Will Be Late. Oh, and It Wants $2.5M for ‘Key’ Employees

April 2, 2019
Paul Muolo
Ditech said its advisors and debtors have created a “key employee incentive program” (KEIP) valued at $2.5 million to pay “base” employees “who are largely responsible” for operations...
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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?
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Short Takes: No April Fools Day Joke: Policy Whiplash / A Drop in Policy Risk? / Trying to Figure Out Democrats and Republicans / Drowning in Student Loan Debt? / If Loan Officers Don’t Move Up, Move Them Out / A New Branch for Castle & Cooke

April 1, 2019
Paul Muolo
One consultant advises loan officers to move up or get moved out...
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Ocwen Settles with Massachusetts, Lawsuit Focused on Legacy Servicing Issues

April 1, 2019
Brandon Ivey
The state accused Ocwen of widespread servicing violations that increased mortgage and insurance expenses…
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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…
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Crapo’s GSE Plan Praised (More or Less). However…

March 29, 2019
Yemeng Yang
Former GSE regulator Ed DeMarco: “The chairman’s outline captures the consensus elements of prior reform proposals and serves as a solid workable foundation from which to develop legislation.”
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Thanks to SCOTUS, a Bump in the Road for Non-Judicial Foreclosure-Related Damage Claims

March 29, 2019
Brandon Ivey
The Supreme Court based its decision on the wording of the FDCPA and the legislative history of the statute.
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