HFSC Hearing on GSE Bill Postponed. Time is Running out for Chairman Hensarling… December 5, 2018 Paul Muolo Some industry lobbyists believe the Senate Banking Committee hearing on GSE pilot programs will not be held this year at all. Read More
Short Takes: What’s in a Name? Answer: $300 Million / Come On, Mick! We Thought You Were Pro-Business! / $300 Million? At Least Software Firms Will Make Out / Home Flips Headed for a Fall? / Who’s Doing Your Underwriting? / Law Firm Overcharges Fannie and December 5, 2018 Paul Muolo and Yemeng Yang Mulvaney has a reputation of being pro-business. Is it possible he might turn the name-change ship around to save American companies $300 million?Read More
Warehouse Commitments Shrink as Nonbanks Struggle with Originations December 4, 2018 Paul Muolo Commitment levels are decent, but nonbanks just aren’t using the lines they’ve been granted.Read More
With No Chance of Passage, Hensarling’s GSE Reform Bill Gets an Airing on Thursday December 4, 2018 Paul Muolo When the measure was first introduced, one housing lobbyist quipped: “This is like someone laying on their death after drinking and sinning and finally realizing they need to get baptized. This is not being introduced for good political reasons.”Read More
Short Takes: Nomura and Ditech? / Ocwen Sets a New Low / Fannie, Freddie and NPL Sales / Citadel’s Growth in Nonprime Servicing / A New Hire for Mortgage Network December 4, 2018 Brandon Ivey and Paul Muolo Fannie Mae and Freddie Mac continue to sell NPLs but for how long?Read More
FHFA IG Sends Report on Watt’s Alleged Misconduct to President, Others December 3, 2018 Paul Muolo The specific nature of the allegations was not disclosed…Read More
Short Takes: The Hearing That Keeps Getting Postponed: GSE Pilot Programs / Remembering the Financial Accomplishments of President George H.W. Bush / Too Many Servicing Workers? / Mortgage Layoffs at SoFi / Vantage Score Hires Former Fannie Executive December 3, 2018 Paul Muolo Under the watch of President George H.W. Bush, S&Ls were re-regulated and given a core housing mission. Read More
Seasonality and Higher Rates Spell Layoffs for Many November 30, 2018 Paul Muolo Mortgage recruiter Rick Glass: "Expenses are simply out of alignment. Many shops are telling me they have no more room." Read More
What We’re Hearing: CNBC ‘Mad Money’ Host Cramer Slams Nonbanks / Questionable Research? / Dan Gilbert of Quicken Fires Back / The Counter-Hedge of Mortgage Servicing Rights / It’s LO Recruiting Season, Pull Out the Check Book / Prestwick MSR Auction / El November 30, 2018 Paul Muolo Did CNBC's Jim Cramer do any research on the mortgage industry before he opened his mouth?Read More
Short Takes: News Soon from Trump on the FHFA Job? / A Place-Holder / A Bright Spot, If You Can Find One / The Better Question Might Be: Who Isn’t Going Digital? / Upcoming: CFPB Advisory Board Meeting November 29, 2018 Paul Muolo and Yemeng Yang Joseph Otting would not be the permanent director but would be a place-holder until...Read More