loanDepot Hires Former Subprime Executive Flanagan to Lead Effort in ‘Proprietary’ Products June 22, 2017 Paul Muolo Flanagan once headed Cove Financial, which offered a unique rent-to-own product. Read More
Ocwen-New Residential MSR Deal Dragging On. Why? June 22, 2017 Paul Muolo One possible snag is the Consumer Financial Protection Bureau.Read More
Short Takes: The Big Loser in Nationstar’s ‘Insourcing’ Deal? / Wanting to Talk to U.S. Reps / The Desire to Own / Here Comes the Flood (Bills) / A Promotion at Guild Mortgage June 22, 2017 George Brooks and Paul Muolo But before you can shout “Let’s make America great again” there are some caveats to consider...Read More
Subservicers Post Steady Gains; Cenlar Continues its Dominance June 21, 2017 Paul Muolo Nationstar, in particular, has been aggressive in scouting for subservicing clients, and scored a big coup in January…Read More
After Last-Ditch Effort at a Capital Raise, Mortgage ‘Disruptor’ Sindeo Folds June 21, 2017 Paul Muolo According to resumes posted on LinkedIn, Stamos had no direct mortgage lending experience whatsoever, nor did his co-founder Ori Zohar.Read More
Summer’s Here and the Mortgage M&A Market is Heating Up June 21, 2017 Paul Muolo One industry consultant who expects a lot of activity this year is David Lykken, president of Transformational Mortgage Solutions.Read More
Short Takes: Is Nationstar Listening to Trump? / India Office Will Stay Open / What Will Ocwen Financial Do? / Big M&A Maybe / DocMagic Ready for UCD June 21, 2017 Paul Muolo The Nationstar news begs another question: Will Ocwen Financial, which employs thousands of servicing workers overseas, follow suit?Read More
Nonbanks to FHFA: We’d Rather You Didn’t Examine Us June 20, 2017 Paul Muolo Bottom line: Nonbank mortgage firms don’t want another regulator to answer to…Read More
IG Sounds Warning: 87 Percent of HUD’s Tech Systems Near the End of Their ‘Life Cycle’; Math Problems Ensue… June 20, 2017 Paul Muolo The problem is so bad that HUD is having trouble doing mathematical calculations…Read More
Short Takes: Fed Vice Chair Fischer Says Go with the ‘Explicit’ Guarantee / Asking the Fed’s Opinion on GSE Reform? / FBR Bullish on MI / A Slight Pay Cut for MGIC’s CEO / Ocwen Hires Ex-Stonegate Executive June 20, 2017 Paul Muolo FBR believes continued changes at FHA will benefit private mortgage insurers... Read More