FHFA Special Advisor Mario Ugoletti – Author of the PSPA – Retires From the Agency October 13, 2015 Paul Muolo The PSPA has been challenged in court by investors that are speculating in the common and preferred stock of the two GSEs.Read More
It’s Hard Out There For a Mortgage CEO; Speculation Focuses on PHH October 13, 2015 Paul Muolo Meanwhile, it would appear that the revolving door for mortgage CEOs might be taking another spin soon...Read More
Short Takes: Former White House Vendor Launches Cybersecurity Firm for Lenders / Sen. Corker Backs the GSE ‘Utility’ Concept / Ugoletti Heads for the Private Sector? / LenderLive’s New Hire / Name Change for Vendor October 13, 2015 Carisa Chappell and Paul Muolo Sen. Corker, a Republican from Tennessee, no longer wants to kill Fannie and Freddie outright...Read More
More Lenders Monitoring Their Loan Officers for Short Rate Locks? October 12, 2015 Paul Muolo One mortgage manager, requesting anonymity, said, “We are about to initiate a scorecard now.” Read More
MountainView MSR Tally Through First Nine Months: $62.5 Billion October 12, 2015 Paul Muolo On its largest MSR auction of the year, MountainView said the high bid came in at a multiple of 3.95-times the servicing fee.Read More
Short Takes: Ocwen Continues to Shrink its Debt / The Meaning of It All? / Dreams of an Ocwen Sale / All the Good NPL Opportunities are Over? / Clayton Buys Title and AMC Firm October 12, 2015 Paul Muolo And keep in mind there are some Ocwen investors who are hoping that the company will be sold and the share price will spike. Read More
PHH Taps Guild Mortgage Executive for JV; Realogy to Raise $1.15 Billion October 8, 2015 Paul Muolo Meanwhile, PHH's partner, Realogy, this week said it intends to raise $1.15 billion through the sale of senior notes. Read More
Short Takes: CFPB Issues Guidance on MSAs / Yes, the Agency Mentions ‘Kickbacks’ / Sen. Corker, Stock Picker, Says ‘Short’ Fannie and Freddie / He was Being Sarcastic! Lighten Up, IU! October 8, 2015 Paul Muolo Fear and loathing over marketing service agreements heats up. Kickbacks?Read More
Another Bank Admits to FHA Underwriting Violations: Fifth Third October 7, 2015 Paul Muolo Like many banks that have had run-ins with the DOJ and HUD IG, Fifth Third's FHA volume has fallen dramatically.Read More
Is IBM Considering Its Options on Seterus? October 7, 2015 Paul Muolo In general, IBM has rarely talked to the media about Seterus and its contract with the government-sponsored enterprise, or much else, for that matter. Read More