What We’re Hearing: Not Much Time Left for the GSE ‘Gang of Four’ / Don (Heart) Fannie and Freddie / Go Ahead, Keep on Suing / Why Join a Company That’s in Conservatorship? / CoreLogic Reduces its Head Count / CMLA Not Amused March 30, 2018 Paul Muolo At yearend 2017, CoreLogic employed 5,900, a reduction of 400 full-timers over the previous 12 months...Read More
Freddie Mac Taps CoreLogic’s Sam Khater as New Chief Economist March 29, 2018 Paul Muolo A spokeswoman for CoreLogic confirmed that Khater is leaving the company…Read More
GSE NPL Sales Tanked in 2017 – And That’s a Good Thing March 29, 2018 Paul Muolo The FHFA noted that the GSE NPL auctions are open to any qualified bidder…Read More
Fannie, Freddie Common Testing New 52-Week Lows March 29, 2018 Paul Muolo The U.S. Treasury controls the senior preferred shares of the GSEs, but has no positions in the common.Read More
Short Takes: Banks with Strong Mortgage Ops Set to Merge / RoundPoint Gets Aggressive on Hiring / Not for Sale Anymore? / Home Point Hires Chief Production Officer / DocMagic Signs up Deutsche Bank / Former Nomura Trader Joins Angel Oak March 29, 2018 Paul Muolo Look for a lot more mergers this year. Then again, if rates dive, all bets might be off...Read More
Servicing-Released Premiums the Best They’ve Been in Years? March 28, 2018 Paul Muolo Wells Fargo and JPMorgan Chase are among the megabanks driving SRP pricing…Read More
FHFA Gets Specific on the ‘Common Security’: June 3, 2019 March 28, 2018 Paul Muolo and Carisa Chappell FHFA Director Mel Watt is urging the mortgage industry “to get ready now to ensure smooth, successful implementation.”Read More
Short Takes: What’s Up (Down) with GSE Common? / No News, No Bill, No Hope / Citadel Loosens Underwriting / Angel Oak Opens Dallas Ops Center, Seeks New Hires / W&D Expands March 28, 2018 Paul Muolo and Brandon Ivey It’s not as though some Congressman or Senator is about to introduce consensus GSE legislation...Read More
New Top Dog at Impac Mortgage Will Earn at Least $2.25 Million This Year March 27, 2018 Paul Muolo As part of his employment package, Mangiaracina is entitled to a severance payment of at least $750,000…Read More
Mortgage Jobs Outlook: A Bit Grainy March 27, 2018 Paul Muolo UWM’s Mat Ishbia credits the company’s strong ties to the broker community for its performance…Read More