Loan Broker Employment Best Since the Financial Crisis August 10, 2016 Paul Muolo UWM is beginning to see some of its competitors pick up their game...Read More
Short Takes: Brokers are Hot, Bankers Not So Much / Help Wanted: Senior Mortgage Execs / Flagstar Boosting Retail / The Cost Savings From Closing a Jumbo Conduit / New NPL Auction from Fannie Mae August 10, 2016 Brandon Ivey and Paul Muolo Senior-level mortgage executives are in demand these days, according to one recruiter... Read More
PHH Working on Sale with ‘Sense of Urgency’; Company Loses $12 Million in 2Q16 August 9, 2016 Paul Muolo The question remains: who will buy PHH's assets? Is a franchise deal even possible?Read More
Walter Posts Staggering Loss of $232 Million for 2Q16; Sells MSRs and Hires New CEO August 9, 2016 Paul Muolo On the production front, Walter’s Ditech unit reported $4.8 billion of new originations, a 3.4 percent drop compared to 1Q16. Read More
Short Takes: MBA’s Dave Stevens, Former HUD Chief Cuomo in the $100,000 Hillary Club / 66 Basis Points for $35 Billion in MSRs? / Sell Walter? / Fannie CEO Takes A Second Job / Stewart Title Loses Sales Exec to Competitor August 9, 2016 Carisa Chappell and Paul Muolo Speculators have made a ton of money shorting Walter's stock...Read More
TIAA Makes it Official: Financial Services Firm will Buy EverBank; A $93.2 Million Termination Fee Though August 8, 2016 Paul Muolo TIAA is headed by Roger Ferguson, former vice chairman of the Federal Reserve Board.Read More
Caliber Hires New SVP of Consumer Direct. Executive Joins Nonbank from loanDepot August 8, 2016 Paul Muolo According to figures compiled by Inside Mortgage Finance, Caliber had a sequential production growth rate of 51.9 percent in the second quarter...Read More
FHFA Says if Severe Recession Hits, GSEs Could Need $125.8 Billion of Federal Assistance August 8, 2016 Paul Muolo The stress test calculation is mandated by the Dodd-Frank Act and applies to Fannie and Freddie because each have $10 billion or more in assets.Read More
Short Takes: GSE Net Worth Minimum to Double? What? / Myth and Rumor / Lender Anxiety Over High Home Prices / TRID 2.0 a Net Positive? / A Clarification on Two Harbors MBS August 8, 2016 Paul Muolo and Thomas Ressler Higher net worth requirements coming on GSE loans?Read More
IMA Offers $8.87 Billion of Ginnie Mae Servicing Rights August 5, 2016 Paul Muolo California accounts for the largest share of the collateral at 12.8 percent, based on dollar volume. Florida is second at 8.6 percent.Read More