Some Lenders (Like Movement Mortgage) Keep Hiring; Others are Cautious June 23, 2017 Paul Muolo Quicken, the nation’s third-largest home loan originator – and number two in retail – is continuing to add positions in “all areas of the business,” said a company official.Read More
What We’re Hearing: New Rez CEO Not Worried About Ocwen / $425 Million / The CFPB has Been Defanged? / Falling in Love with Nonprime / The GSE Hearings Commence / Sen. Mark Warner’s Constituents (Freddie Employees) June 23, 2017 Paul Muolo We can only assume Sen. Warner knows Freddie Mac is headquartered in his state, which means the company’s employees are his constituents. Read More
loanDepot Hires Former Subprime Executive Flanagan to Lead Effort in ‘Proprietary’ Products June 22, 2017 Paul Muolo Flanagan once headed Cove Financial, which offered a unique rent-to-own product. Read More
Ocwen-New Residential MSR Deal Dragging On. Why? June 22, 2017 Paul Muolo One possible snag is the Consumer Financial Protection Bureau.Read More
Short Takes: The Big Loser in Nationstar’s ‘Insourcing’ Deal? / Wanting to Talk to U.S. Reps / The Desire to Own / Here Comes the Flood (Bills) / A Promotion at Guild Mortgage June 22, 2017 George Brooks and Paul Muolo But before you can shout “Let’s make America great again” there are some caveats to consider...Read More
Subservicers Post Steady Gains; Cenlar Continues its Dominance June 21, 2017 Paul Muolo Nationstar, in particular, has been aggressive in scouting for subservicing clients, and scored a big coup in January…Read More
After Last-Ditch Effort at a Capital Raise, Mortgage ‘Disruptor’ Sindeo Folds June 21, 2017 Paul Muolo According to resumes posted on LinkedIn, Stamos had no direct mortgage lending experience whatsoever, nor did his co-founder Ori Zohar.Read More
Summer’s Here and the Mortgage M&A Market is Heating Up June 21, 2017 Paul Muolo One industry consultant who expects a lot of activity this year is David Lykken, president of Transformational Mortgage Solutions.Read More
Short Takes: Is Nationstar Listening to Trump? / India Office Will Stay Open / What Will Ocwen Financial Do? / Big M&A Maybe / DocMagic Ready for UCD June 21, 2017 Paul Muolo The Nationstar news begs another question: Will Ocwen Financial, which employs thousands of servicing workers overseas, follow suit?Read More
Nonbanks to FHFA: We’d Rather You Didn’t Examine Us June 20, 2017 Paul Muolo Bottom line: Nonbank mortgage firms don’t want another regulator to answer to…Read More