Search Firm Approached Former Freddie Mac Executive About the Radian CEO Job October 11, 2016 Paul Muolo The search for a successor to S.A. Ibrahim is well underway…Read More
Short Takes: Investors Shrug at PHH Court Victory? / Life Will Go on at the CFPB… / Compass Point Says ‘Sell’ JPM / FBR Drops Coverage on USB, Three Others / New Hire for Starkey Mortgage October 11, 2016 Paul Muolo No huge gains for PHH's share price...Read More
Court of Appeals Rules CFPB is ‘Unconstitutionally Structured.’ But Agency’s ‘Ongoing Operations’ Will Not be Affected October 11, 2016 Paul Muolo CFPB critics may want to hold off on doing any celebrating...Read More
Left on the Table by ‘Big Blue’: Promontory MortgagePath and Promontory Interfinancial October 10, 2016 Paul Muolo One mortgage insurance official who used Promontory Financial Group in the past described the firm’s work as “excellent,” but noted: “They don’t come cheap.” Read More
BLS: Mortgage Brokerage Jobs Up, Mortgage Banking Jobs Down October 10, 2016 Paul Muolo The hiring picture looks bright for now – at least for mortgage brokerage firms…Read More
Bank Selling ‘Flow’ Servicing That Could Reach $600 Million a Year October 10, 2016 Paul Muolo Based on past production trends of the seller, 52 percent of the loans originated will come through the correspondent channel.Read More
Short Takes: Wells Fargo, Still the Number One Ginnie Issuer … for Now / Who Will Replace Ibrahim at Radian? / Clayton in the News / The GSE Net Worth Sweep: What did President Obama Know? October 10, 2016 Paul Muolo Who will succeed S.A. Ibrahim at Radian? We've heard two names...Read More
A Minor ‘Realignment’ at Clayton Holdings: Pollock Named Chief Revenue Officer; Capital Markets Chief Wornow Out October 7, 2016 Paul Muolo Radian agreed to buy Clayton in May 2014 for $305 million.Read More
What We’re Hearing: The Best Place for an LO? Answer: At a Nonbank / How Wells Fargo Grades its LOs / Remember FM Watch? / Jump? How High? / Pingora Continues to Buy MSRs / The Revolving Door at Clayton / Wornow and Hughes Land October 7, 2016 Paul Muolo Want to make more money? Go work for a nonbank. Want better job security? Work for a depository...Read More
Fairholme Says GSE Document ‘Floodgate’ About to Open; At Stake: $2.4 Billion of Fannie/Freddie Jr. Preferred October 6, 2016 Paul Muolo In a letter to its shareholders, Fairholme called the GSEs “two of the best businesses ever owned by the funds.”Read More