Warehouse Banks Ponder MSR Financing – But There’s Freddie Mac to Worry About October 4, 2018 Paul Muolo This executive, like many interviewed, called it an example of charter creep. Freddie and the FHFA think otherwise… Read More
CMLA Criticizes Brookings Report on Nonbank Mortgage Firms October 3, 2018 Paul Muolo Rob Zimmer of CMLA: “The organization [Brookings] is now pushing a deeply flawed report that uses veterans and active-duty personnel as pawns…”Read More
Short Takes: How High Might the Yield on the 10-Year Go? / Waiting on a Stock Market Correction / Deficits Don’t Matter Anymore (For Now) / A New Office for Better Mortgage / Richey Buys Two / Freddie Promotes Former Wells Fargo Exec October 3, 2018 Paul Muolo The stock market hit a new high. What possibly could go wrong?Read More
MSR Sales Were Slow in 3Q18, but Pace May Quicken as Yearend Approaches October 2, 2018 Paul Muolo One fact that all dealmakers can agree on is that MSR pricing is the best it’s been all decade…Read More
One Reason FHA Premiums Won’t be Cut? Slow Servicers… October 2, 2018 Paul Muolo In 10 cases, the servicing process was delayed by more than two years...Read More
Short Takes: Top-Ranked Subservicer Hires Nonbank Execs / Soon to be One: Ocwen and PHH / NAR Bolsters its Government Affairs Staff / One Criticism of Jeb / California, the Golden GSE State October 2, 2018 Carisa Chappell and Paul Muolo One criticism of Hensarling is that his conservative ideals prevented him from shaping a consensus bill to reform Fannie Mae and Freddie Mac...Read More
Top-Ranked Wholesaler Unveils New Leadership Structure October 1, 2018 Paul Muolo Plaza Home is growing its renovation loan and reverse lending businesses...Read More
Just Days Away From Closing on PHH Deal, Ocwen Sees a Former Executive Charged with Insider Trading October 1, 2018 Paul Muolo During his tenure at Ocwen, Ziengenfuse was in charge of managing the company’s “strategy” with Fannie Mae, Freddie Mac and Ginnie Mae receivables, the SEC said.Read More
Short Takes: Senators Want CFPB Official Fired / A Plea to Stop the Agency’s Reorg / Sen. Warren Drops Hint on White House Run / Watt’s Tenure? / A New Director at Altisource October 1, 2018 Paul Muolo Sen. Warren has been dropping hints that she may run for president in 2020...Read More
What We’re Hearing: Being Heard / Another Barn-Burner of a Quarter for Fannie and Freddie? / Complicating President Trump’s Pick for a New FHFA Chief / Defending GSE Pilot Programs / Meeting PMIERs 2.0 / Ocwen Ready to Crank Up the MSR Buying Machine? / S September 28, 2018 Paul Muolo If Ocwen reenters the servicing market as a buyer it will be doing so at a time when MSR prices are the highest they’ve been all decade...Read More