Short Takes: Wells Fargo Executive Takes a Job with UCM / The NAR is Not Happy with FEMA / No Word From Peter Bell and NRMLA / Fannie Mae Director Haywood Moves On / Trouble in the Sandbox December 27, 2018 Brandon Ivey and Paul Muolo The National Association of Realtors is none too happy with FEMA's actions during the government shutdown...Read More
PIMCO Working on a Massive Securitization of Whole Loans? December 27, 2018 Paul Muolo It’s common knowledge that the foreign-owned PIMCO is an active buyer of non-agency loans…Read More
Mortgage Industry Assesses Pain from Government Shutdown, HECM Endorsements End, New Flood Policies Doubtful December 26, 2018 Paul Muolo Brian Chappelle, a principal in Potomac Partners told IMFnews that his lending clients “are starting to worry.” Read More
Short Takes: Trouble Ahead for FHA? / Steve Mnuchin’s Christmas Eve Massacre / Significant Players in the Mortgage Market / Who Knows / Who Put the Thought in the Treasury Secretary’s Head? / Craig Phillips Rising? / A New Hire for StoneHill December 26, 2018 Paul Muolo Was it Mnuchin’s idea to call the six bank CEOs or did President Trump put him up to it? That storyline has yet to be fully explored…Read More
Varde Ponders Selling Nonprime Unit Deephaven Mortgage December 26, 2018 Paul Muolo Matt Nichols, a former Goldman Sachs executive, launched Deephaven earlier in the decade as a correspondent buyer of non-QM loans. Read More
Not Going Anywhere: HUD Secretary Ben Carson December 21, 2018 Paul Muolo Meanwhile, acting Ginnie Mae President Michael Bright still awaits Senate confirmation, even though he was officially nominated to the post by President Trump on May 15.Read More
As Expected, OCC Chief Otting Tapped by White House to be Interim FHFA Director December 21, 2018 Paul Muolo Joseph Otting will be joining the Trump administration's "two-hat" club...Read More
What We’re Hearing: The Senate Waiting Game and Mark Calabria / What Might Mnuchin Come Up With? / Otting and Mnuchin and One West / Angelo Mozilo Makes it Rain Once More / MorVest’s MSR Auction / George Bailey Lives (A VA Story) / A Short Publishing Brea December 21, 2018 Paul Muolo The news of Otting’s appointment and what might transpire afterwards did nothing to boost the share price of Fannie and Freddie common...Read More
A Land Rush Into Non-QM Lending? Carrington Preps First Deal December 20, 2018 Paul Muolo Carrington President Ray Brousseau said the nonbank is committed to the underserved borrower market…Read More
Short Takes: loanDepot CEO: Nothing but Blue Skies for Loan Officers / It’s Not Cancelled Until It’s Cancelled / An Op-Ed Counterweight / A Pile of Coal for Stocks / Second LP Analogies / Don’t Look at the Dow / A New CEO for PRMI December 20, 2018 Paul Muolo Hindes’ piece is entitled “Fannie and Freddie didn’t get a bailout. It was a stick-up.” Read More