Paul Muolo

Managing Editor

Recent Stories From this Author

PiperJaffray: Lenders are Cutting Costs but It’s Not Enough. LO Pay Must Come Down
July 12, 2018 Consultant David Lykken said some mortgage bankers believe LO comp is “untouchable,” but he strongly disagrees…

Short Takes: FHA in a Hiring Mode / CAIVRS, Old as Dirt? / Likening the GSEs to ‘The Blob’ And His Son / Level One Ponies up to the Mortgage Bar / MSR Auction from The Prestwick Group
July 12, 2018 One slide in the GSE presentation is entitled, “The Blob and the Return of the Blob,” a reference to the horror movie classics...

New FHA Commissioner Montgomery: Risk-Sharing with PMIs not a Priority
July 11, 2018 FHA Commissioner Brian Montgomery on risk-sharing with private MI firms: Not an immediate concern…

PMI Analysts Look at Fannie’s New MI Pilot, Wondering If It Poses a Threat
July 11, 2018 But there’s a catch for lenders: Originators will have to pay an additional loan-level price adjustment…

Short Takes: Show FHA the Money / Blame COBOL / Home Point Lops Off Some Branches / StoneHill Expands / A Key Hire for Equity Prime Mortgage
July 11, 2018 Home Point Financial, Ann Arbor, MI, said it will “transition” some of its East Coast retail branches to Northpointe Bank...

Flagstar Hires Regions Bank Executive to Head Retail
July 10, 2018 In the first quarter of 2018, Flagstar funded $7.88 billion of home mortgages, just $960 million of which came through the...

Former Hensarling Aide Johnson Gets Acting Deputy Director Slot at the CFPB
July 10, 2018 Johnson joined the bureau late last year from the House Financial Services Committee where he held the title of senior counsel.

Pershing Square Tells Investors to Have Faith in the GSEs (Really)
July 9, 2018 Pershing Square bought its stake in the GSEs earlier in the decade at prices north of $2.00 a share…

Phoenix Capital Selling Fannie/Ginnie Servicing Package
July 9, 2018 A few weeks back, Phoenix Capital was in the market with a flow MSR offering that carried a maximum size of $540 million…

Short Takes: Those Ginnie Warnings on VA IRRRLs Apparently Worked / The Trump GSE Plan, Going Nowhere? / NJ Lender Launches Call Center in SC / Churchill in a Hiring Mode / Walker & Dunlop Hires Capital Markets Executive
July 9, 2018 Although loan production is down this year, that isn’t stopping some lenders from moving forward with expansion plans.


With mortgage production down noticeably this year from 2017, how many lenders might disappear via M&A or failure during the next 12 months?

10% or less. It’s not that bad out there.
11% to 25%. It’s a challenging market.
25% to 40%. It’s going to be very ugly.
No opinion.

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