Short Takes: FHFA Ignoring HERA? / A Refresher Course / How Fannie and Freddie Dismantled Legislative Bomb Threats / A Large RPL Auction from Fannie / OCC to Finally Weigh In on Fintech June 14, 2018 Paul Muolo It might be said that OFHEO was a weak federal regulator...Read More
When the Going Gets Tough, the Tough Cut LO Pay June 13, 2018 Paul Muolo Aggressive nonbank lenders are willing to offer 100 to 200 basis points per loan…Read More
THL Closes on Investment in Guaranteed Rate. Nonbank Anticipates Record Production This Year June 13, 2018 Paul Muolo Despite heralding the investment made by Thomas H. Lee Partners, Guaranteed Rate will not say how much the PE firm invested or how large of a stake it acquired…Read More
Short Takes: Budget Cuts at the CFPB? / BCFP not CFPB / Sounding the Alarm on U.S. Debt / A Flow Servicing Platform Run by the GSEs / A New Hire for United Fidelity June 13, 2018 Paul Muolo Do federal deficits even matter anymore? Jeff Gundlach thinks so...Read More
Mortgage M&A Mania has Finally Arrived. Who’s Next? June 12, 2018 Paul Muolo Mark Stafford, managing director of MS Capital Advisors: “Margin compression is real and many companies lost money in the first quarter.”Read More
FHFA Proposes Minimum Capital Requirements for Fannie and Freddie. An RBC ‘Bill’ of $181 Billion June 12, 2018 Paul Muolo By comparison, commercial banks must have tier 1 capital of 8.0 percent of risk-weighted assets. Read More
Sierra Pacific Hires Ex-Stearns, Ex-Wells Executive Goulding June 12, 2018 Paul Muolo A 34-year veteran of the home lending industry, Goulding also worked for Wells Fargo Home Mortgage…Read More
Short Takes: No Relief in Sight for GSE Common / Pershing Square in a World of (GSE) Hurt? / JMP Likes Impac / Consumer Data Collection Returns to the CFPB / Plaza Home Promotes Fontaine June 12, 2018 Paul Muolo and Yemeng Yang JMP likes the higher profit margins that accompany non-QM lending…Read More
Cardinal Financial/Sebonic in Talks With Peoples Home Equity? June 11, 2018 Paul Muolo Earlier in the decade, Sebonic was started by former employees of RoundPoint Financial...Read More
Pittsburgh Bank Agrees to Sell its Consumer Finance Unit June 11, 2018 Paul Muolo Besides selling RFC, the publicly traded FNB is consolidating 20 of its branches in a cost cutting move.Read More