The Collingwood Group Enters the Mortgage M&A Game October 15, 2015 Paul Muolo The new Collingwood unit, however, will not be involved in the sale of mortgage servicing rights.Read More
Mortgage Insurers Fear an FHFA Crackdown on their Use of Reinsurance October 15, 2015 Paul Muolo “The FHFA is trying to solve every possible problem that might come up,” said one mortgage insurance executive.Read More
Short Takes: So, What’s BofA’s Next Move? / Who is Tom Ferry? / Former NFL Player Sticks with MSAs / Walter Gets a Better Grade / CFPB Issues New HMDA Rule / FGMC Hires SunTrust Mortgage Chief October 15, 2015 Brandon Ivey and Paul Muolo Bank of America isn't severing all its ties to realtors...Read More
Stonegate’s Mortgage Branches Hunting for a Better Deal Elsewhere? October 14, 2015 Paul Muolo Sources have identified Caliber Home Loans and Skyline Lending as possible acquirers of branches.Read More
Residential Production Down 11 Percent at Wells Fargo, 14 Percent at BofA October 14, 2015 Paul Muolo In 3Q, BofA funded $13.71 billion of first liens, a 14 percent sequential decline. All of it came through the retail channel.Read More
A Trend Continues: Bank of America Pulls the Plug on All Marketing Services Agreements October 14, 2015 Paul Muolo Bank of America said it will discontinue all “space rental agreement programs due to recent regulatory developments.”Read More
Short Takes: An Update on GSE Principal Reductions? / FCI Teams Up with Blackrock on SFRs / Ditech in ABS Deal / RealtyMogul.com Hits a Milestone / Just in Time for Halloween: Fewer ‘Zombie’ Foreclosures October 14, 2015 Brandon Ivey and Paul Muolo According to a rate sheet, the minimum loan amount on the rental properties is $250,000 while the minimum number of properties is five...Read More
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