Short Takes: PHH’s Disclosure Was Long Expected / Doomed? / PHH Asks for ‘Confidential Treatment’ / Compliance Can Cost / Expanded HMDA Collections Coming Soon October 4, 2016 Paul Muolo and Thomas Ressler PHH also wants certain information kept confidential...Read More
Collingwood Capital Advisors: Mortgage Market Ripe for M&A October 3, 2016 Paul Muolo In the mortgage M&A space, there continues to be a disconnect between buyers and sellers…Read More
New York Clergy Worries About GSEs Being Dismantled. Resurrect and Release? October 3, 2016 Paul Muolo “We hope that you will help us to push back on current efforts to gift the proprietary infrastructure of Fannie Mae and Freddie Mac to the big banks,” the clergymen write.Read More
Short Takes: A CEO ‘Beyond’ Horrible? / In Demand: Top Mortgage Talent / Repositioning with Capital / Are the GSEs Losing Money? / Budget Season Has Started October 3, 2016 Paul Muolo As mortgage firms plan their budgets for next year, executive talent is in demand...Read More
What We’re Hearing: The Mortgage Customer and Wells Fargo? / This Too Shall Blow Over … Maybe / Houston-Based Mortgage Firm Up For Grabs / Question for Promontory: Do You Really Want to be Owned by IBM? / MBA Chief: Hillary Clearer on Housing Issues September 30, 2016 Paul Muolo Some good news: at least Wells Fargo's share price is not in Ocwen territory...Read More
Short Takes: The Wells Fargo Barbeque, House-Style / If Hensarling is that Unhappy He Should Refi, No? / Former FDIC Chief Bair Backs Stumpf / Impac’s Marketing Costs / What, Calling a Delinquent Borrower 12 Times a Day is Too Much? September 29, 2016 Brandon Ivey and Paul Muolo Maybe calling a delinquent borrower 12 times a day is too much...Read More
Will the Wells Fargo Account Scandal Hit the Megabank’s Mortgage Business? Correspondent Sellers Fear ‘Reputational’ Risk September 29, 2016 Paul Muolo Meanwhile, other lenders said they are hearing reports of correspondent originators slowing down the sale of closed loans to Wells.Read More
Analyst: PHH Corp. Is Just too Cheap; But Will a Buyer Emerge? September 28, 2016 Paul Muolo A decade ago, PHH Mortgage had several suitors, including Countrywide Financial, which once coveted its private-label business…Read More
Short Takes: So Long to GSE Plaintiff Perry Capital / Lost Cause? / GSE Common is Cheap / RBS Settles CU MBS Case / Front-end or Back-end? September 28, 2016 Paul Muolo Closing the fund means that Perry Capital will have to liquidate its holdings – including its positions in Fannie and Freddie...Read More
Booming MBS Issuance and Uptick in Rates Should Translate into Stellar 3Q Results for Fannie and Freddie. Right? September 27, 2016 Paul Muolo The irony is that lower rates translate into robust originations and guaranty fee income, but can cause problems on the hedging side of the equation.Read More