Short Takes: Does the CFPB Understand the Mortgage Business? / Why Skyline Likes Wholesale / Nice GSE Bill, Guys. Too Bad It’s DoA / Mortgage Master Joins FTHB Compact / Relax, the MI Industry Will Be Just Fine? July 14, 2014 Paul Muolo, Charles Wisniowski, and Sherry Muolo Mortgage brokers who read the guidance said it reveals how little the young regulatory agency understands about the industry. If a broker has the financial ability to obtain a warehouse line of credit... Read More
Short Takes: What it Takes to Survive the Mortgage Downturn: Scale / Whole Loan Sales or MBS, That is the Question / HomeStreet Dominates Redwood Deal / Ellie Mae Will Need a New General Counsel / Here Comes the Earnings Flood July 8, 2014 Paul Muolo, Brandon Ivey, and Sherry Muolo Will loan production in the second half surprise the naysayers? Will non-QM lending take off? Stay tuned...Read More
Short Takes: Delinquencies Creep Into Shellpoint Deal / Freddie’s Latest Risk-Share Deal / Consumers Gaining Confidence on Housing but Fears Persist / GSE Group Up to 700 Members / Another Mortgage M&A Deal July 7, 2014 Brandon Ivey, Charles Wisniowski, and Sherry Muolo As of May, only three of the loans were 30-days delinquent, with the other once-delinquent mortgages having returned to current status or paid off. Read More