New CFPB Acting Director Mulvaney Tells Staff He’s in Charge November 27, 2017 Paul Muolo and Thomas Ressler OMB Director Mick Mulvaney arrived on G Street Monday morning, carrying a brown shopping bag and declaring he was the acting director of the CFPB…Read More
Short Takes: Don’t Ask Us, Try OMB / English has OMB Roots / Radian Sells Clayton Unit / Subprime Standards Tighten / Guild Expands into North Dakota November 27, 2017 Brandon Ivey, Paul Muolo, and Thomas Ressler Guild Mortgage, San Diego, has expanded its presence in the Midwest...Read More
New (Acting) CFPB Director Mulvaney: We Will Run This Agency Differently Than the Previous Administration November 27, 2017 Paul Muolo and Thomas Ressler Meet the CFPB's new boss – he's nothing like the old boss...Read More
Two Acting Directors Named. Who’s in Charge at the CFPB? November 26, 2017 Paul Muolo The White House, though, expects English to show up for work Monday morning as deputy director – and not acting director.Read More
Publicly Traded Mortgage Firms Not Exactly Setting the World on Fire November 21, 2017 Paul Muolo Industry observers contend Ocwen, another money-losing company, would love to find a merger partner, but must first resolve its regulatory problems…Read More
Short Takes: United Wholesale Rules the Table-Funding Roost / Wells Fargo the King of Correspondent / Beware the Dow Jones / Another Top Executive Departs November 21, 2017 Paul Muolo When the Dow Jones corrects, rates will plunge. Right? Read More
A 40-Page GSE ‘Draft’ Bill is Circulating in the Senate November 21, 2017 Paul Muolo As press time, details were sketchy, but lobbyists who claim to have knowledge of the draft caution there are several “different pieces” to the measure...Read More
(A Ton) of Mortgage Executives on the Move? November 21, 2017 Paul Muolo Industry consultant Paul Hindman: “There seems to be a growing number of participants in this year’s game of musical chairs."Read More
Short Takes: Franklin Codel’s Immediate Plans / Forfeiture of Stock / Entitled to a Severance Package of $2 Million? / MBA Weighs in on CFPB’s Strategic Plan November 21, 2017 Paul Muolo and Thomas Ressler Codel joined the megabank in 1993. He’s a graduate of Harvard University with a degree in engineering science…Read More
Phoenix Announces Two ‘Flow’ MSR Auctions November 20, 2017 Paul Muolo The Fannie/Freddie receivables would come primarily from California, Florida and Texas.Read More