Parent of Bexil American Mortgage Loses Money, Second Top Officer Departs June 12, 2013 Paul Muolo The latest Bexil American Mortgage officer to leave is Jay Fuller, who held the title of national sales manager. Read More
Refi Specialist CashCall Contemplating Staff Cuts, Is a Sale on the Horizon? June 11, 2013 Paul Muolo At press time, CashCall founder and president Paul Reddam could not be reached for comment. Read More
Short Takes: Freddie Could Earn Even More Money / GSE Shareholder Suit Hardly a Surprise / More on EverBanks Jumbo Deal / HUD Offers Advice on Asking About Disabilities / The Golden State of Mortgage Fraud June 11, 2013 John Bancroft, George Brooks, Brandon Ivey, and Paul Muolo Freddie Mac's low activity fee could add more than $2 million to its bottom line.Read More
Prices Paid for MSRs Hit Four-Times the Servicing Fee June 10, 2013 Paul Muolo When interest rates rise, so do the value of mortgage servicing rights.Read More
Short Takes: Cash-Out Refis, a Thing of the Past? / Fannie, Freddie Shareholder Petition Takes Off / John Paulson Bets on MI Firms / MGIC Reports Better Numbers / How to Analyze Your Shop for a CFPB Exam June 10, 2013 Paul Muolo, Thomas Ressler, and Charles Wisniowski Will cash-out refinancings ever return? Meanwhile, a new petition posted on the White House website that might helps GSE shareholders is taking off. Read More
Are Fannie and Freddie Sitting on Large Unrealized Gains in Their MBS Portfolios? June 6, 2013 Paul Muolo In its 10-Q filing for the first quarter, Fannie Mae reported $3.74 billion of gross unrealized gains on a host of different securities in its available for sale account. Read More
Broker Trade Group Vows to Sue CFPB Over ATR Amendments June 6, 2013 Paul Muolo The National Association of Independent Housing Professionals believes there is an anti-broker bias at the CFPB, citing new QM adjustments. Read More
Nationstar Reduces Cost on Servicing Advances with New $2 Billion Note Sale June 6, 2013 Paul Muolo Nationstar Mortgage has been an active issuer of debt this year. The nonbank continues to scour the market for servicing acquisitions.Read More
Short Takes: Here Come the Mortgage Layoffs? / Genworth Sheds Jobs / Bay Equity Liberalizes Underwriting / Wells Fargo Settles with HUD on REO / CFPB-FDIC Meeting Closed to Media June 6, 2013 George Brooks, Brandon Ivey, Paul Muolo, and Thomas Ressler Will the nation's megabanks begin shedding mortgage workers if loan applications don't rise soon? Read More
Warehouse Commitments Strong in 1Q, But Concerns Surface About Next Year June 5, 2013 Paul Muolo Nonbanks continue to request warehouse lines of credit but because of declining origination volumes, the thirst is easing somewhat. Read More