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Short Takes: Ginnie 2020 Kicks Off / Fannie and Freddie Head for the Cloud / Well, At Least Mr. Cooper (Nationstar) Should be Happy / Think of the Braves / On the Endangered List: Banks Servicing Ginnies

June 13, 2019
Paul Muolo

Among the top three Ginnie Mae servicers at March 31, just three were banks: Wells Fargo, U.S. Bank and JPMorgan Chase. Among those ranked 11 to 20 four are depositories, including one credit union...


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Short Takes: Are the GSEs SIFI? It All Depends / No Witness List Yet for the Hearing / Phillips’ Replacement? / An M&A Deal Among Vendors / GAO Weighs in on Carson’s Spending Habits

June 10, 2019
Paul Muolo
Is the vendor sector ripe for M&A activity?
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Short Takes: A Fannie-Freddie IPO? Not So Fast / $20 a Share? / When in Doubt, Pick the White Guy Category / If Cordray Was Running the CFPB… / New Hires for Waterstone, LoanLogics

June 6, 2019
Paul Muolo

If Democratic-appointee Richard Cordray was still in charge at the CFPB would the Freedom Mortgage fine be larger?


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In Trying to Prevent a ‘Hard Stop,’ Freedom Mortgage Runs Afoul of HMDA

June 6, 2019
Yemeng Yang

The CFPB said the practice was not limited to a specific location, loan officer or time period...


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Short Takes: A Refreshing Assessment from Freddie’s Don Layton / Hey, Let’s Build an AU System Everyone Can Use (Maybe Not) / FHFA Pulls the Plug on Rate Survey / Booming Loan Originations. However… / CHLA Hires Industry Vet Willison

June 5, 2019
Paul Muolo

Freddie CEO Don Layton: "People tell me, ‘Well, let’s have a common AUS that everyone can use.’ My only data point on that is that to have a common system on the backend for the security (UMBS) took seven years and $2 billion to build…”


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Short Takes: Bake in a Rate Cut? / U.S. Bank Chooses Empower as its LOS Vendor / Annaly Unveils Stock Buyback Initiative / A New Hire for Multifamily Lender Greystone

June 3, 2019
Paul Muolo
A coup for Black Knight...
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Relying on One Single LOS Vendor a Thing of the Past?

June 3, 2019
Brandon Ivey

The change in the technology landscape is due to new participation in the mortgage market by fintech companies…


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MBS Trading Volume Declines as Investors Worry About Rates, Speeds

May 29, 2019
Paul Muolo

The strongest MBS trading month of the year came in March at $269.9 billion...


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Promontory MortgagePath CEO Bruce Witherell Departs

May 29, 2019
Paul Muolo

Short Takes: First American’s Systems Exposed? / Forensic Team Hired / Whatever You Do, Don’t Treat Your Employees Like Family / Another New Hire for FHFA / GSE Preferred Shares Repaid?

May 28, 2019
Paul Muolo
FHFA hires a new legislative affairs director...
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