I’ve Just Seen the Future of Mortgage Banking and its Name is Amazon July 2, 2018 Paul Muolo Two years ago, loanDepot scuttled a much talked about initial public offering of stock...Read More
Mortgage Insurers Waiting on FHFA and PMIERs 2.0 July 2, 2018 Paul Muolo Keefe Bruyette & Woods believes new PMIER rules could see the light of day shortly…Read More
Short Takes: Lending Tree Comes Back Down to Earth / If Mortgage Rates Hit 5 Percent… / WMIH and Nationstar Shareholders Approve / NJ Mortgage CEO and Founder Resigns / Executive Bolts Stewart for WFG July 2, 2018 Brandon Ivey and Paul Muolo LendingTree founder and CEO Douglas Lebda took home total compensation of $59.6 million last year...Read More
The VA IRRRL ‘Orphan’ Loan Tally: A $500 Million Mess? June 29, 2018 Paul Muolo Ginnie Mae: “We are glad to work with industry participants to try to find workable solutions allowable by law.”Read More
What We’re Hearing: A Lifeboat Too Small? / Non-QM Loans Performing Well, So Far / Ridiculous Housing Prices Continue / A 40 Percent Disappearance Rate? / A Recession Might Save the Day / Fannie Trouble? / Costly Borrowing for WMIH June 29, 2018 Paul Muolo Once risk-layering appears and LTV ratios climb, then all bets are off...Read More
It’s Official: Ditech is on the Auction Block, Hires Houlihan Lokey June 28, 2018 Paul Muolo The nation’s 12th largest servicer of residential loans said other options include a “business combination” or maintaining its status as a standalone entity. Read More
Ditech is on the Auction Block. But Who Will Buy It? June 28, 2018 Paul Muolo Nationstar might be a suitor...Read More
The Wells Fargo Layoff Tally for June: 400 and the Month’s Not Over Yet June 28, 2018 Paul Muolo Wells Fargo is the nation’s largest home lender and a bellwether for the overall market. Read More
Short Takes: Ralph Nader Has Some Unkind (And That’s Putting it Nicely) Words for CFPB’s Mulvaney / Mulvaney Viewed Favorably Elsewhere / Nader and the GSEs (Remember that One?) / More M&A for Union Home / A New Hire for Mello June 28, 2018 Paul Muolo A few years back, Nader went to bat for Fannie Mae/Freddie Mac shareholders suing the federal government over the GSE net worth profit sweep...Read More
A ‘Scratch and Dent’ Market Develops for VA ‘Orphan’ Loans June 27, 2018 Paul Muolo Some warehouse lenders are nervous about the VA ‘orphan loan’ mess as well, sources told Inside Mortgage Finance…Read More