Personnel - Page 181 | Inside Mortgage Finance

Short Takes: Why Won’t the CFPB Answer the Industry’s Questions? / Competition for W.J. Bradley Talent? / Cherry Hill REIT Buys MSRs / Clear Capital Affirmed / Executive Bolts Stonegate for FGMC

March 16, 2016

Brandon Ivey, Paul Muolo, and Thomas Ressler

A day after the news broke that W.J. Bradley Mortgage has shut its doors, competition is heating up for some of its top loan officer and executive talent...

With Loan Volumes Sinking, W.J. Bradley Decides to Close its Doors

March 15, 2016

Paul Muolo

One observer had this to say about the firm closing: "They literally shut their doors ... no vacation time pay either..."

Short Takes: Do the GSEs and Ginnie Know About WJB? / 500 Employees / The WJB-RPM LO Case / Angel Oak Rolls Out New Product / EverBank Sells Debt

March 15, 2016

Paul Muolo

At last check, W.J. Bradley employed roughly 500 workers...

New Player in Servicing Sales MorVest Capital Hires National Sales Director

March 14, 2016

Paul Muolo

MorVest has represented only sellers of mortgage servicing rights, but that may change...

What We’re Hearing: Might a PIMCO ‘Fund’ Buy PHH? / Citadel Advisors Slashes Stake in PHH / BofA Dodged a Bullet / Ocwen Has Enough Capital for Now / Finally, a TRID ‘Legal Fix’? / The Next President of MBA Could be a Woman

March 11, 2016

Paul Muolo

Mortgage M&A historians might recall that last decade, before the financial crisis struck, Countrywide Financial Corp. was in serious talks to buy PHH’s mortgage business...

Short Takes: More MSR Auctions on the Way? IMA Selling Almost $4B / PIMCO and PHH / Lawyers In Love – With Another Firm / Nonbanks and Jumbos / loanDepot Announces New Hires

March 9, 2016

Paul Muolo and Thomas Ressler

Among the top 10 non-agency jumbo mortgage producers in 2015 just two are nonbanks: PHH Mortgage and Redwood Trust.

Another Top Executive Departs Clayton: Joe D’Urso Is Out as President; Former Blackstone Executive Named as Interim

March 9, 2016

Paul Muolo

D’Urso is the second top executive to leave Clayton over the past six months. Another key departure came this past fall when Tom Donatacci left...

Short Takes: GSEs Have Spent $206 Million on the Common Securitization Platform / D’Urso’s Departure was a Surprise to Him Too / Paulson & Co. Reduces Stake in Radian / Treasury Shifts Money From MHA Program to HHF

March 9, 2016

Brandon Ivey and Paul Muolo

Sources close to D’Urso said his termination by Radian was a “total surprise” to him as well.

Short Takes: The Big TRID CFPB Pow-Wow / Pete Mills of MBA Weighs in on TRID at LO Show / 80 Percent of Lenders Having Problems? / A Loss for Parent of Nonbank / NCRC Chief Will Give Up One Title and Keep One

March 8, 2016

Paul Muolo

TRID errors were a topic of discussion at the LendersOne mortgage cooperative meeting in New Orleans. Pete Mills, senior vice president of the Mortgage Bankers Association, was giving a presentation.

Short Takes: Lenders One Still Searching for a Permanent CEO / LOMC Hikes Dividends Paid to Members / Parseghian Steps Down from PHH Board / Ocwen Insider Buys Low / Amy Brandt Schumacher Joins New Penn

March 7, 2016

Paul Muolo

Wall Street veteran Greg Parseghian has informed the board of PHH Corp. that he will retire as director of the publicly traded nonbank.

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Short Takes: Why Won’t the CFPB Answer the Industry’s Questions? / Competition for W.J. Bradley Talent? / Cherry Hill REIT Buys MSRs / Clear Capital Affirmed / Executive Bolts Stonegate for FGMC

With Loan Volumes Sinking, W.J. Bradley Decides to Close its Doors

Short Takes: Do the GSEs and Ginnie Know About WJB? / 500 Employees / The WJB-RPM LO Case / Angel Oak Rolls Out New Product / EverBank Sells Debt

New Player in Servicing Sales MorVest Capital Hires National Sales Director

What We’re Hearing: Might a PIMCO ‘Fund’ Buy PHH? / Citadel Advisors Slashes Stake in PHH / BofA Dodged a Bullet / Ocwen Has Enough Capital for Now / Finally, a TRID ‘Legal Fix’? / The Next President of MBA Could be a Woman

Short Takes: More MSR Auctions on the Way? IMA Selling Almost $4B / PIMCO and PHH / Lawyers In Love – With Another Firm / Nonbanks and Jumbos / loanDepot Announces New Hires

Another Top Executive Departs Clayton: Joe D’Urso Is Out as President; Former Blackstone Executive Named as Interim

Short Takes: GSEs Have Spent $206 Million on the Common Securitization Platform / D’Urso’s Departure was a Surprise to Him Too / Paulson & Co. Reduces Stake in Radian / Treasury Shifts Money From MHA Program to HHF

Short Takes: The Big TRID CFPB Pow-Wow / Pete Mills of MBA Weighs in on TRID at LO Show / 80 Percent of Lenders Having Problems? / A Loss for Parent of Nonbank / NCRC Chief Will Give Up One Title and Keep One

Short Takes: Lenders One Still Searching for a Permanent CEO / LOMC Hikes Dividends Paid to Members / Parseghian Steps Down from PHH Board / Ocwen Insider Buys Low / Amy Brandt Schumacher Joins New Penn

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Featured Poll

The mortgage industry has been shedding jobs for a while now, but some lenders — particularly ones that focus on non-QMs — are talking about staffing up in anticipation of increased originations. Is your shop planning to hire this year?

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The mortgage industry has been shedding jobs for a while now, but some lenders — particularly ones that focus on non-QMs — are talking about staffing up in anticipation of increased originations. Is your shop planning to hire this year?

Personnel
RSS