Short Takes: The Six Horsemen of the GSE Apocalypse / If You Have to Ask, You’re in Trouble / G-Fees Hold Steady / Plaza Home’s New Tag Line / NAMB Giving Away Software for Free December 11, 2018 Paul Muolo NAMB is giving away free software...Read More
Caught in the Market’s Down-Draft: Texas Capital, the Nation’s Second Largest Warehouse Provider December 10, 2018 Paul Muolo The warehouse lending sector has experienced a noticeable decline in profit margins…Read More
New MBA President Broeksmit Toes the Party Line on GSE Reform December 10, 2018 Paul Muolo The MBA chief also makes it blatantly clear that he is no fan of any “recap and release” proposals for the government-sponsored enterprises either...Read More
Short Takes: Hope in Cash-Out Refis / loanDepot’s Refi Stats / Position Filled / Chicago-Area Lender Gets Fannie Mae Approvals / More on Calabria and the FHFA Job / Mulvaney, Mnuchin Up for the Chief of Staff Job? / Waterstone Hires Rocky (Rockwell) December 10, 2018 Paul Muolo Fannie Mae has approved Neighborhood Loans, Lombard, IL, as a new seller/servicer...Read More
Indiana Bank Pays off Debt to Home Point and Agrees to Buy its Warehouse Unit, NattyMac December 7, 2018 Paul Muolo Founded by industry vet Willie Newman, Home Point is owned by investment funds managed by Stone Point Capital...Read More
What We’re Hearing: Mark Calabria to Head the FHFA (Looks That Way) / Can Mulvaney Fix the U.S. Debt Problem? / Keeping the Debt Clock at the HFSC? / Kraninger Yes, Michael Bright No / Nomura and Ditech (More) / CMG Mortgage Hires Regency Executive / Home December 7, 2018 Paul Muolo If Michael Bright is not confirmed in the current Congress, President Trump will have to re-nominate him...Read More
Its Share Pricing Sinking, Ocwen Issues Update, Says it Will Enter TPO Market, Acquire Servicing Rights December 6, 2018 Paul Muolo Ocwen, which paid $360 million in cash for PHH, also disclosed: “The purchase price we negotiated contemplated PHH could continue to incur losses.”Read More
CFPB Accuses Nevada Nonbank of Misleading Vets on IRRRLs in San Antonio December 6, 2018 Paul Muolo The government charges, the “apples to apples” comparisons on refis shown to prospective customers by Village Capital’s LOs were flawed and had “inaccurate” results.Read More
Short Takes: Stock Market Ugly / Bring on the Cash-out Refis? / GSE Stocks Can’t Catch a Break / Carrington Readies First Non-QM MBS / New Penn Unveils New Name: NewRez December 6, 2018 Brandon Ivey and Paul Muolo Carrington Mortgage is working on its first non-QM securitization...Read More
The Mortgage M&A Tsunami May be Late This Time Around December 5, 2018 Paul Muolo In past downturns, large lenders and servicers were either sold outright or they joined forces with like-sized companies…Read More