MorVest Hires M&A Veteran Larry Charbonneau April 2, 2019 Paul Muolo Over the years, Charbonneau has advised on at least 90 M&A transactions, involving both depositories and nonbanks.Read More
Short Takes: No April Fools Day Joke: Policy Whiplash / A Drop in Policy Risk? / Trying to Figure Out Democrats and Republicans / Drowning in Student Loan Debt? / If Loan Officers Don’t Move Up, Move Them Out / A New Branch for Castle & Cooke April 1, 2019 Paul Muolo One consultant advises loan officers to move up or get moved out...Read More
A Large Debt Offering from Freedom Mortgage April 1, 2019 Paul Muolo The $250 million in debt is in the form of senior unsecured notes due in 2024. Read More
Ocwen Settles with Massachusetts, Lawsuit Focused on Legacy Servicing Issues April 1, 2019 Brandon Ivey The state accused Ocwen of widespread servicing violations that increased mortgage and insurance expenses…Read More
What We’re Hearing: President Trump and GSE Reform / The NEC and Treasury, Cheek-to-Cheek on Fannie and Freddie? / Time to Hire an Investment Banker / Tim Who? / Altisource Unloads a Division / Odeon Hires Bove March 29, 2019 Paul Muolo Wells Fargo ranks first among home lenders and servicers – and with or without Tim Sloan, that’s not likely to change anytime soon…Read More
Thanks to SCOTUS, a Bump in the Road for Non-Judicial Foreclosure-Related Damage Claims March 29, 2019 Brandon Ivey The Supreme Court based its decision on the wording of the FDCPA and the legislative history of the statute.Read More
Short Takes: What Happened to the GSE Rally? / Time for Treasury to Hire an Advisory Firm? / Trump Serves Notice to HUD as Well, HECMs a Big Concern / Where Did All the Senators Go? / Hugh Frater’s Other Job March 28, 2019 Paul Muolo and Yemeng Yang President Trump is concerned about the HECM program...Read More
President Trump Directs Treasury to Draft GSE Overhaul; White House Wants Final Say March 27, 2019 Paul Muolo “For each administrative reform, the Treasury housing reform plan shall include a timeline for implementation,” Trump writes.Read More
Fannie Makes it Official, Names Interim CEO Hugh Frater Permanent Chief March 27, 2019 Paul Muolo Although Frater will lead Fannie, which earned $16 billion in 2018, his salary will be capped at $600,000 per year...Read More
Subservicing Continues to Grow but Landscape is Shifting March 27, 2019 Paul Muolo Thanks to its bankruptcy filing, Ditech’s future as a subservicer is in doubt…Read More
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