GSE Investors Twisting in the Wind March 7, 2018 Paul Muolo The way things stand today, the only GSE class of stock worth anything is the senior preferred held by Treasury.Read More
The Big Loser in the Nationstar-WMIH Merger: Uncle Sam March 7, 2018 Paul Muolo In a new SEC filing, Nationstar reveals plans to introduce new products aimed at debt consolidation…Read More
Fannie Mae Keeping Tabs on the CFPB’s Ability-to-Pay Rule March 7, 2018 Paul Muolo Fannie Mae warns that changes could have a material effect on the “quality and quantity of loans available for sale to us.”Read More
Short Takes: Gary Cohn’s Resignation and the GSEs / Don’t Assume Anything / Fannie Mae’s ‘10 Percent Moment’ / Okay, Now’s the Time / SolomonEdwards Names Ranieri to its Board March 7, 2018 Paul Muolo GSE shareholder rights group Investor Unite was quick to pounce on the Pollock blog...Read More
Warehouse Commitments Begin to Suffer, ‘Usage Levels’ Fall into the Ugly Zone March 6, 2018 Paul Muolo With rates rising steadily since late last year and refinancing growing scarce, nonbanks are now experiencing weak origination volumes…Read More
Promontory MortgagePath Snags Former Top CFPB Attorney to Head Compliance Department March 6, 2018 Paul Muolo PMP was founded by former Comptroller of the Currency Eugene Ludwig and mortgage industry veteran Bruce Witherell…Read More
Impac Set to Report Fourth Quarter Results Next Week March 6, 2018 Paul Muolo The company’s largest individual shareholder is Southern California businessman Richard Pickup...Read More
Short Takes: PIMCO Shows a Strong Interest in RPLs / A Tough Profit Picture for 1Q18? / Thinning the LO Herd? / Texas Capital Weighs In / Stearns Hires Former Caliber Executive March 6, 2018 Paul Muolo Texas Capital: “Nonbank competitors may have a pricing advantage as they are not subject to the same capital maintenance requirements..."Read More
Nationstar Plans to Cut Ties to Philippine Vendors, Cites Political and Economic Risk March 5, 2018 Paul Muolo India and the Philippines “are subject to relatively higher degrees of political and social instability and may lack the infrastructure to withstand political unrest or natural disasters,” Nationstar said.Read More
Short Takes: Nationstar’s Other Suitor? / Break it Into Three / Ex-Stearns CEO Brian Hale Resurfaces / Too Many Vacancies, Not Enough Interested Individuals? / NewDay Hires SVP March 5, 2018 Paul Muolo It’s believed that one of the “pieces” the new owner planned to spin off was Xome, a real estate vendor that works with consumers…Read More