Short Takes: loanDepot will Issue Non-Agency MBS / Okay, So It’s Not $6 Million / The Changing of the Guard / Tiptree Nears Sale of Jumbo Lender / Stock Repurchase Plans / MountainView Selling Whole Loans March 27, 2018 Brandon Ivey and Paul Muolo The two men steered Impac through the rocky waters of the financial crisis...Read More
CEO and Founder Anthony Hsieh Reports All is Well at loanDepot March 26, 2018 Paul Muolo loanDepot CEO and founder Anthony Hsieh: “I’m bragging so don’t read [this] if it irritates you.”Read More
Up for Grabs: A $1.9 Billion Fannie Mae MSR Portfolio March 26, 2018 Paul Muolo California receivables account for 22.5 percent of the collateral based on number of loans…Read More
Short Takes: Coming Up on 10 Years / Remember the ‘Southwest Plan’? / What if a ‘Moderate’ Replaces Watt at the FHFA? / Checking in on GSE Reform and Seeing Nothing / loanDepot Gets a New COO March 26, 2018 Paul Muolo It’s almost April and Rep. Jeb Hensarling, R-TX, has yet to introduce his GSE reform bill... Read More
Citadel Pulls the Plug on its First Non-QM MBS, Sees Strong Growth Ahead March 16, 2018 Paul Muolo Nomura was serving as the lender’s investment banker on the deal…Read More
Things Might be Slow at Some Shops, but Not at UWM March 16, 2018 Paul Muolo UWM’s Mat Ishbia: “Through January and February, we did $5.1 billion with brokers and we expect these numbers to continue to grow…”Read More
Short Takes: Throwing Cold Water on VantageScore / Weaker Profit Margins, Never a Good Thing / Impac Thinking About Deals? / One is the Loneliest Number / Fannie Mae Looks to Sell More Real Estate March 16, 2018 Carisa Chappell and Paul Muolo After reporting a $44.9 million loss for the fourth quarter, Impac’s share price fell to a new 52-week low...Read More
Industry Awaits Rep. Hensarling’s GSE Reform Plan (Amid Yawns) March 16, 2018 Paul Muolo Hensarling is chairman of the House Financial Services Committee, which means any Fannie Mae/Freddie Mac reform bill must first go through his panel, whether he’s the author or not.Read More
What We’re Hearing: Another GSE MI Pilot on the Way / Arch Gets High Marks for Looking to the Future / Pam Patenaude for HUD Secretary? / The Mortgage Profit Blues / The Candidates to Succeed Dave Stevens are… March 16, 2018 Paul Muolo Already, there’s speculation that Trump would tap Deputy HUD secretary Pam Patenaude to replace Carson...Read More
Cowen: White House Doesn’t Favor Killing Fannie and Freddie March 15, 2018 Paul Muolo September will mark the 10-year anniversary of the government placing Fannie and Freddie into conservatorship..Read More