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Short Takes: Fintechs Gain in Mortgages / Defining ‘Fintech’ / Weaker Applications / Dealing with New York Zombies / Plaza Hires loanDepot Exec

January 8, 2020
Paul Muolo and Yemeng Yang

Okay, but what’s a fintech?


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NYDFS Warns Financial Services Firms Against Cyber Attacks From Iran

January 6, 2020
Paul Muolo

“The NYDFS has taken cyber security to a whole new level," said one lender. "They are hammering everyone about the risk and heavy enforcement in examinations.” 


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MBA Calls for Clarifications on Ginnie's Digital Mortgage Effort

December 26, 2019
George Brooks

Some of the provisions in Ginnie's proposed Digital Collateral Guide have the potential to create unnecessary strains on issuers, according to the MBA.


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Short Takes: Buying Into a Shrinking Market? / A Game of 22 (GSE) Questions / The GSEs: Big Earners by This Measurement / 30-Year-Old Servicing Systems? / Regulatory Woes for CA?

December 19, 2019
Paul Muolo and Yemeng Yang

After all, who wants to invest in a shrinking (GSE) business? Something to think about…


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Short Takes: Go Figure: Fintech Raises More Money / A Rich Valuation? / Cagney / IPO in the Cards? / Bulk MSR Offering from Incenter

December 5, 2019
Paul Muolo

Figure’s co-founder and CEO is Mike Cagney. If the name sounds familiar, it should. Cagney formed SoFi earlier in the decade...


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Short Takes: Layoffs at Fannie, Freddie JV / The CSS Mission / Good for Now, Yes. Later? / Ocwen CGO Files Form 4 / A Past, Bullish Sign

December 2, 2019
Paul Muolo

CSS is the platform created by the GSEs to develop the uniform MBS, the common security now used by the two mortgage giants...


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Oaktree MBS Stocked with Non-QMs Originated by Citadel

November 21, 2019
Brandon Ivey

Citadel Servicing Corp. ranks among the top 10 originators of non-QMs but to date, the privately held firm has never issued its own MBS...


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Short Takes: What’s Fannie, Freddie Common Really Worth? / The Preferreds? / Rehab or Fade Away / Piper Likes PennyMac / A Vendor Promotion

November 19, 2019
Paul Muolo
The eternal question: Is Fannie/Freddie common worth anything? Opinions have varied all decade long...
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With Originations Booming, Better.com Promises to Hire 5,000 Military Vets

November 11, 2019
George Brooks

Better.com was founded in 2016 as Better Mortgage with an emphasis on loan origination technology and non-commissioned loan consultants. A few months back, the lender secured $160 million of additional financing.


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Consolidation and Competition Reduces the Number of LOS Vendors

November 6, 2019
George Brooks

The decrease in LOS vendors comes courtesy of industry consolidation from M&A deals, fewer vendor offerings of multi-system platforms and the failure by some platforms to adapt...


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