Personnel

Browse articles from IMFnews related to Personnel.

March 26, 2019 - IMFnews

LendingHome Issues $219 Million ABS Backed by Fix-and-Flip Loans

Fix-and-flip loans typically payoff in about seven months...


March 22, 2019 - IMFnews

What We’re Hearing: Goldman Sachs is Doing What? / A Wall Street Warm Up? / 10.75% Money for Freedom Mortgage / A Grade of B+ / The Green New Deal a More Important Issue than Calabria? / CoreLogic Executive Lands Top Post at Fannie Mae

In the Senate, the 'Green New Deal' is more important than Mark Calabria?


March 22, 2019 - IMFnews

CFPB Makes Changes to Advisory Boards, Reversing Decisions Made by Mulvaney

The bureau plans to extend the terms of half the current members in order to achieve the staggered terms and ensure continuity.


March 21, 2019 - IMFnews

Short Takes: The Supremes Rule on Foreclosures and the FDCPA / It’s Good to be King, Unless You’re the CEO of Freddie Mac / Angel Oak Bolsters Office Space Big Time / Tennessee Bank Looking for Non-QM Loans / Two New Directors for Fannie / Correction: Freddie CEO, Not Fannie

Based on Freddie’s annual profits, CEO Don Layton is probably one of the two most underpaid bosses in the world of finance. Soon that distinction will belong to David Brickman...


March 21, 2019 - IMFnews

Trade Group Goes to Bat for Higher Wages at Ginnie Mae. But There’s a Reason Behind It

It’s impossible to tell how much the Ginnie Mae president earns because that position has been vacant since early 2017…


March 21, 2019 - IMFnews

It’s Official: Freddie Names Dave Brickman CEO, Succeeding Layton. As for His Salary…

Thanks to meddling by Congress, several top executives at the GSEs earn more than the CEO...


March 20, 2019 - IMFnews

Short Takes: Getting the Industry’s Pulse on GSE Reform / Who Gets to Lead? / Why Phillips Didn’t Get the FHFA Job / The Battle for Risk / Selling Shares in Invitation Homes / Radian Names Dave Stevens to Its Board

Who knows more about GSE reform: the White House or Treasury? We get a sense the two parties don't see eye to eye on everything...


March 19, 2019 - IMFnews

Short Takes: Why the GSE Net Worth Sweep Won’t be Reversed / Recap and Release? / A Much-Watched Profit Reading / Starwood and Impac, a Symbiotic Relationship / Bank Failures, Anyone? / Reverse Lender Hires Sales Chief

Each quarter, GSE profits reduce the federal budget deficit. If that cash is forfeited...


March 18, 2019 - IMFnews

Short Takes: A New Wave of Optimism? / Value Your CFO / Feds Plan Community Hearings on BB&T-SunTrust Deal / MFA Buying Plenty of Whole Loans. Can An MBS Be Next? / Former HUD Official Pam Patenaude Lands

Mortgage REIT MFA Financial, New York, bought roughly $1 billion worth of loans during the fourth quarter...


March 14, 2019 - IMFnews

Short Takes: Not the Best Written Indictment? (Manafort) / Bought for $3 Million but Worth $8 Million a Few Years Later / Rates Move Lower / Applications Move Higher / PennyMac’s $200 Million Stock Sale / A New Hire for Gateway Mortgage

Thanks to declining interest rates, lenders are feeling more optimistic these days...


March 14, 2019 - IMFnews

Lender Diversity, Inclusion Activities on CFPB’s Radar Screen

The letters refer to the diversity and inclusion standards issued by the agency in 2015...


March 13, 2019 - IMFnews

Short Takes: More Non-QM MBS Deals on the Way / What’s Ginnie Mae Really Worried About? / A Big ‘Nothing Burger’? / What Borrowers Want When They Shop Online for a Mortgage / Amherst’s Appetite for SFR / A New Hire for Incenter

Another official described the Ginnie Mae change as a “nothing burger…”


March 12, 2019 - IMFnews

Short Takes: Banking on a GSE Dividend / Maybe Next Time Around / Democrats Put CFPB Chief Kraninger on the Grill / Home Point Expands Correspondent Presence / A New Creative Hire for Guaranteed Rate

Kraninger faced some tough questions from Sen. Warren...


March 12, 2019 - IMFnews

HFSC Chairwoman Asks CFPB Staffers to Expose Bad Bosses

The Congresswoman said she is troubled by recent reports that show employee satisfaction at the CFPB fell sharply last year…


March 11, 2019 - IMFnews

Short Takes: Impac, Better Late Than Never / Wall Street Roots / An Early Start to Spring Home Buying? / Sprague Departs Phoenix Capital for STRATMOR Consultancy

An early start to the spring home buying season?


March 6, 2019 - IMFnews

Short Takes: Ben Carson to Leave HUD After 2020 Election? / CFPB Hearing / Home Price Appreciation Slows / Mortgage Applications Down / Pinto’s Housing Finance Reform Plan

Housing and Urban Department Secretary Ben Carson said he is planning on leaving his post at the end of President Trump’s first term ...


March 5, 2019 - IMFnews

Short Takes: Freddie Mac Invests $61M in Affordable Housing / AMC Acquires a Title Search Firm / Stevens Joins Tech Company / CFPB Kicks Off PACE Financing Rulemaking

Freddie Mac on Monday initiated three investments in affordable housing managed by National Equity Fund ...


March 4, 2019 - IMFnews

Short Takes: Pondering the Letter Sent to Joseph Otting / Among the Signors… / More MSR Auctions in the Works / MetLife Has a Nice War Chest of Whole Loans / A New Hire at Gateway Mortgage

More servicing-related auctions are in the pipeline, including a $2.97 billion Fannie Mae/Freddie Mac portfolio from Phoenix Capital...


March 1, 2019 - IMFnews

What We’re Hearing: Throwing Down the Gauntlet on Fannie-Freddie Changes / 27 Trades Sign On / Not One Voice of Concern? / Freddie’s MSR Pilot? / Fixing the Broken Companies / Eli Global and Greg Lindberg Back in the News / Busy Being Named a Director

Is the Senate Banking Committee ever going to hold a hearing on GSE pilot programs?


March 1, 2019 - IMFnews

How Soon Can the Calabria Vote Reach the Senate Floor? May?

One GOP staffer told Inside Mortgage Finance the combination of strong industry support for Calabria, plus the nominee’s “bravura performance” at his confirmation hearing, probably sealed the deal on a quick trip


February 27, 2019 - IMFnews

Short Takes: HomeBridge Eyes HomeStreet’s Mortgage Network / As for the Mortgage Servicing Portfolio… / Figuring Out the Calabria Vote / A Rally for Ocwen / A Red Hot MSR Market / A Glum Assessment on Mortgages from Joe Garrett & Co.

Ocwen's share price took off like a rocket Wednesday morning...


February 26, 2019 - IMFnews

Short Takes: How Fast for Calabria? Very Fast / It Pays to Have a Godfather / What About a ‘Hold’? / Record Attendance at SFIG Vegas / Mixed Opinions on Expanded-Credit

Now for the big question: Will any Democratic senators put a hold on the Calabria nomination?


February 25, 2019 - IMFnews

Short Takes: Kushner Getting Cushy with Fannie and Freddie? / Working with Lenders, Not Property Owners / Prepayments Fall to 18-Year Low / More Funding for Better.com

A Freddie spokesman confirmed to us what we’ve always assumed: “We are not a primary lender.”


February 25, 2019 - IMFnews

Former FHA Chief Galante Quits Ocwen’s Board, Ex-GE Exec Britell Joins

Ocwen is scheduled to report fourth quarter results on Wednesday…


February 22, 2019 - IMFnews

Money-Losing Zillow Has New (Old) CEO, Plans Significant Foray into Mortgages

Zillow’s management believes that within three to five years the firm could originate 3,000 mortgages per month...


February 21, 2019 - IMFnews

TIAA Throws Traditional Retail Overboard, USB Will Get Some of the 65 Branches

TIAA CEO Blake Wilson: “Mortgage lending is a dynamic and highly competitive industry and the market we’re in today is very different than just a few years ago..."


February 20, 2019 - IMFnews

Short Takes: More on the Watt FHFA IG Report / Of Counsel / Signs of Life in Application-land / Ex-Fannie Employee Took Kick-Backs / A New President at Stearns Lending

A former Fannie Mae employee faces up to 20 years in prison...


February 19, 2019 - IMFnews

Short Takes: The Largest Post-Crisis Nonprime MBS? / FICOs as Low as 500 / Reasons for Getting Out (Blame the Tech Giants?) / Sell One, Buy Two / Movement EVP Taveekanjana Departs for Envoy

Jumping from Movement Mortgage to Envoy Mortgage: Tony Taveekanjana...


February 19, 2019 - IMFnews

FHFA IG: Director Watt Violated Ethics Rules, White House Had Report in Late November but Didn’t Act

To date, Watt has denied legal wrongdoing…


February 15, 2019 - IMFnews

FHFA IG Report: Director Watt Violated Ethics Rules. Trump Had Report in Late November but Didn’t Act

The report, dated Nov. 29, 2018, was posted to the IG’s website Friday, Feb. 15.


February 15, 2019 - IMFnews

What We’re Hearing: Calabria, a Sure Bet? / Warm Thoughts About Fannie-Freddie Loan Limits / Retaining More Capital / Congress? / Conservatorship Purgatory / Looks Like Radian is in Play / A Sale Dragging On and On and On: Genworth / Industry Vet Rudy Orman Lands

On the doorstep: The recap and release of Fannie and Freddie?


February 14, 2019 - IMFnews

Short Takes: Leaving Behind His Personal Views Regarding Fannie and Freddie / Reporting Results on the Very Same Day, a Rarity / If Only They Could’ve Kept Their Earnings / CHLA Backs Calabria

Fannie and Freddie rarely report quarterly results on the same day, but they did so this morning...


February 13, 2019 - IMFnews

Short Takes: A Nice Month for Pershing Square / No Mention of the GSEs / A Mortgage-Related M&A Deal Drags On / Delayed by the Chinese New Year / A New MBS From Deephaven / Pavaso Hires Mortgage Tech Vet Tim Anderson

After two-plus years of waiting, the Genworth deal has yet to close...


February 13, 2019 - IMFnews

Mortgage Jobs Grim with Selected Pockets of Hope

But not all conventional lenders are handing out pink slips these days...


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