Mortgage Firms Looking to Sell Servicing Rights are Sitting Pretty February 13, 2018 Paul Muolo Dealmakers point to not only higher interest rates but lower anticipated loan production and MSR values that are firming up.Read More
Short Takes: The Trump Budget and the GSEs (Not So Good) / No More GSE Money for Affordable Housing / Treasury Wants to ‘Right Size’ Federal Housing Programs / Cuts in Store for the CFPB? / Arch Posts a Strong 4Q17 Profit February 13, 2018 Paul Muolo The Treasury Department's goal is to right-size federal housing programs...Read More
Ocwen EVP of Lending Otto Kumbar Departs – and with a Nice Severance Package February 12, 2018 Paul Muolo Kumbar will be paid $1.25 million for leaving Ocwen, a package that also includes a relocation reimbursement…Read More
Radian Unveils Reorg On How it Sells MI and Other Products. Industry Vet David Kittle Comes on Board February 12, 2018 Paul Muolo Under the new sales approach, the RMs will head divisions that sell the entire suite of Radian products...Read More
Short Takes: RESPA (TRID) Changes May Become Law / Watching the 10-Year (Rise) / Can Mulvaney Wear Three Hats? / Naming a Permanent CFPB Director / A New Hire for Silver Hill February 12, 2018 Paul Muolo and Thomas Ressler Another day and another increase in rates...Read More
Trump Budget: DTA Hits Mean Treasury Draws for Fannie and Freddie. White House Wants to Cut Contributions to the Housing Trust Fund February 12, 2018 Paul Muolo Freddie Mac's Treasury draw is estimated at $400 million...Read More
What We’re Hearing: America, a Good Mortgage Customer? / Higher Rates, but How Much Higher? / Mortgage Bulls / Three Former Clayton Executives Launch Due Diligence Firm / Santander’s Warehouse Chief Departs / Mel Watt’s Successor Might… February 9, 2018 Paul Muolo The new game in town is figuring out who will succeed Mel Watt as director of the Federal Housing Finance Agency...Read More
Ginnie Mae Lays Down Law on VA Churning, Warns Select Group of Issuers They Face Banishment February 8, 2018 Paul Muolo Issuers cited by Ginnie Mae are expected to deliver a corrective action plan...Read More
Freedom Mortgage Buys $25 Billion of Servicing Rights from Stearns Lending February 8, 2018 Paul Muolo In the summer of 2015, The Blackstone Group bought a controlling interest in Stearns.Read More
Short Takes: The Top VA IRRRL Lenders / Tax Cuts Coupled with More Government Spending, a Recipe for Disaster? / If Habib’s Interest Rate Prediction Comes True, Watch Out Below / CFPB Wants Feedback on Enforcement Processes / A New Title for Amy Brandt February 8, 2018 Paul Muolo and Thomas Ressler Analyst Barry Habib of MBS Highway told us last week that once the yield breaks above 3.00 percent it’s only a matter of time before it hits 3.80. Just think of what that might do to the mortgage business…Read More