Short Takes: Academy Mortgage Says It’s Not for Sale / Living on $600,000 Per Year in the Washington, DC, Area / Don Layton? / FHFA and Treasury Must Sign Off / Fannie’s Top Earners July 24, 2018 Paul Muolo Among Fannie’s top five executives, all earn more money per year than Mayopoulos... Read More
Another Record Non-QM Production Quarter for Angel Oak. Head Count Reaches 527 July 23, 2018 Paul Muolo Since 2015, Angel Oak Capital Advisors has completed seven non-QM securitizations... Read More
Short Takes: Will Trump Fire Fed Chief Powell? / If You Were Going to Hike Rates, You Should Have Told Me… / When Cutting Overhead is a Good Thing / Taveekanjana Returns to Movement Mortgage / Top Seterus Executive Departs for StoneHill July 23, 2018 Paul Muolo Consultant Joe Garrett: Remember that they’re your employees, not your family or friends...Read More
Top Lenders Report Solid Increase in Production, but Profit Margins a Major Concern July 20, 2018 Paul Muolo Rick Sharga of Carrington: “Refi volumes will continue to contract, and lenders will have to accelerate their shift towards more purchase business in order to maintain volume.”Read More
What We’re Hearing: Not So Fast on Those New Products, Fannie and Freddie / A Flashpoint: Financing a Corporate SF Landlord / Industry Input? / UWM Firing on All Cylinders / Non-QMs? No Thank You / PHH Executive Leaves for Due Diligence Firm July 20, 2018 Paul Muolo The MBA wants the FHFA to allow the industry to have a say in all new enterprise pilots, programs and products. Read More
Six FHLB Presidents Stand Firm on ‘Captives’ Joining the FHLB System July 19, 2018 Paul Muolo Noticeably absent from the letter: the FHLBs of Chicago and San Francisco…Read More
CFPB Nominee Kraninger Lays Out Her Priorities July 19, 2018 Paul Muolo and Yemeng Yang Kraninger also avoided making a commitment to defend the CFPB’s constitutionality...Read More
MIAC Offering $2.1 Billion of GSE and Ginnie MSRs. Larger Deals Pending? July 19, 2018 Paul Muolo Meanwhile, several large MSR packages are currently out for bid. Read More
Short Takes: Investors Unite is Not Happy / Are the GSEs ‘Zombie’ Like? / Non-QM Lender Verus Hikes Loan Cap to $5 Million / LoanSnap Raises More Capital / A New Hire for Servicing Advisor MorVest July 19, 2018 Brandon Ivey and Paul Muolo Of course, there are some in the industry who will argue Fannie and Freddie are hardly zombie-like at all...Read More
Executives at Online Mortgage Brokerage Firm Top Survey of Nonbank Earners July 18, 2018 Paul Muolo At times, LendingTree’s share price has been highly volatile…Read More