Short Takes: An Industry Truce with the CFPB? / No Pay Raises for You! / Bill Would Expand the QM ‘Safe Harbor’ / Quicken #1 in Customer Satisfaction / Applications Rise Ever So Slightly July 30, 2015 Paul Muolo, Sherry Muolo, and Thomas Ressler But Garrett also noted: “Congress should kill the CFPB, or at least de-fang it, but until it does, total compliance is necessary.” That’s more like it…Read More
Loan Production Spikes at Guild Mortgage July 28, 2015 Sherry Muolo Purchase loans made by Guild totaled $4.4 billion in the first half of 2015, accounting for 66.1 percent of all production.Read More
Short Takes: Trump Mortgage an Operational ‘Train Wreck’? / Parkside Launches Non-QM Loan for Investors / What Would ‘Crush’ Housing? / mREIT Posts Strong Earnings July 28, 2015 Brandon Ivey, Paul Muolo, and Sherry Muolo Operational problems at Trump Financial? It's all history now...Read More
Short Takes: What, Donald Trump Had a Mortgage Company? / GradeMyBank? / A Lack of Risk Retention by JPM on New Jumbo Deal / Fix or Flip? The Answer: Flip / Earnings Gain for CoreLogic July 27, 2015 Brandon Ivey, Paul Muolo, and Sherry Muolo Donald Trump, a mortgage broker too?Read More
MBA Feeling More Bullish on Purchase Lending; The Millennial Effect? July 23, 2015 Sherry Muolo The trade group also is seeing an increase in mortgage "pull-through" rates.Read More
Short Takes: Kill Fannie and Freddie? What, Are You Crazy? / Yet Another Book About the GSEs / The Enron-Fannie Mae Connection / Plaza Home Posts Record Originations / Two in 40. Who Are They? July 23, 2015 Paul Muolo and Sherry Muolo Of the 40, just two firms suffered a sequential volume decline. You’ll have to see IMF to find out which ones.Read More
Mortgage Applications Rise Ever So Slightly July 22, 2015 Sherry Muolo Some originators continue to offer mortgages at rates of under 4.0 percent, depending on the loan amount and points charged.Read More
Celebrities, in Theory, Can be Good Mortgagors July 21, 2015 Sherry Muolo Of course, just because some actors earn millions each year doesn’t mean they’re good at holding onto what they bring home...Read More
Short Takes: More MSR Packages Hit the Market / Who Was at the First CSS Advisory Meeting? Wells Fargo and Others / New Home Sales Rise / Strong Earnings From MGIC July 16, 2015 Paul Muolo and Sherry Muolo CSS recently unveiled the trade groups that would participating in the IAG, but did not identify any individuals…Read More
Mortgage Applications Decline Slightly, Refi Share Rises July 15, 2015 Sherry Muolo Some residential lenders are still living off of refi applications that were filed earlier in the year...Read More