Personnel - Page 253 | Inside Mortgage Finance

Fannie Names Former Barclays Executive to Head Common Securitization Platform

September 17, 2013

Who better than a former Wall Street executive to manage Fannie Mae's role in the common securitization platform project?

Fannie Names Terry Edwards COO; He May Get Common Securitization Platform Oversight

September 16, 2013

Paul Muolo

Terry Edwards has received high marks for his accomplishments at Fannie Mae. But can he get the CSP off the ground?

Short Takes: Wanted, East Coast Mortgage Banking Firm / Wells Continues to Offer ‘Cheap’ Jumbos / Where Does Yellen Sit on QE3? / Rising Rates, No Big Deal / Single-Family REO, a New Asset Class?

September 16, 2013

Paul Muolo and Thomas Ressler

Mortgages banking firms are still in demand, but pricing may fall. And at Wells Fargo, it's jumbo rates remain cheaper than GSE rates.

What We’re Hearing: Wells and JPM Queue Up Large MSR Deals / HUD Worries About Lower GSE Loan Limits / Trade Groups to Hensarling: Drop Dead / Inside Shellpoint’s New Jumbo Deal / A Delay for the QM Rule?

September 13, 2013

Wells Fargo, JPMorgan Chase and Flagstar are all working on large servicing deals, but as sellers. Meanwhile, HUD is worried about lower GSE loan limits.

OCC Raises Concern on Bank Oversight of Appraisal Management Companies

September 12, 2013

Paul Muolo

Banking regulators are showing new concerns about appraisal management companies, especially those owned by depositories.

Mortgage Layoff Carnage Just Beginning: Wells Sees Huge Decline in Volume, BofA Layoffs

September 10, 2013

Paul Muolo

At an investor conference in New York this week, officials from Wells Fargo predicted that residential originations at the bank will fall 30 percent this quarter on a sequential basis.

Short Takes: Loan Officers Spared From Layoffs, For Now / Sierra Pacific Mortgage Gets Aggressive in Retail / Loan Brokers Suffer Again? / CoreLogic Says Fewer Homes Underwater / Flood Insurance Premiums Could Clobber Vacation Home Market

September 10, 2013

Paul Muolo

Mortgage loan officers have been spared from lay-offs. But how long will it last? Brokers get dismissed again?

What We’re Hearing: Cole Taylor Deal Closer, Firm Bids on MSRs / A 15% Downpayment Jumbo From Wells Fargo / Servicers Rejoice on Higher Rates / Apps Fall 70 Percent at Some Shops / Mortgage Hiring Not So Hot / Trying to Time the IPO Market

September 6, 2013

A 15 percent downpayment mortgage from Wells Fargo? It's true. Cole Taylor sale moves closer. Mortgage jobs head south.

Michigan Mutual Cuts Mortgage Workers, Others May Follow

September 5, 2013

Paul Muolo

Michigan Mutual is the latest mortgage lender to announce cut-backs in its processing staff.

Short Takes: Cole Taylor Mortgage Sale Moves Closer / Wells Likes Rich Mortgage Borrowers Better Than Joe Sixpack / Credit Unions Gamble on Holding 30-Year FRMs / Former E-LOAN CEO Joins Raj Date’s New Firm / When Might National MI Go Public?

September 5, 2013

Brandon Ivey and Paul Muolo

Look for an update late Thursday on the sale of Cole Taylor Mortgage. Meanwhile, does anyone care that credit unions are holding 30-year jumbo mortgages in portfolio?

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Fannie Names Former Barclays Executive to Head Common Securitization Platform

Fannie Names Terry Edwards COO; He May Get Common Securitization Platform Oversight

Short Takes: Wanted, East Coast Mortgage Banking Firm / Wells Continues to Offer ‘Cheap’ Jumbos / Where Does Yellen Sit on QE3? / Rising Rates, No Big Deal / Single-Family REO, a New Asset Class?

What We’re Hearing: Wells and JPM Queue Up Large MSR Deals / HUD Worries About Lower GSE Loan Limits / Trade Groups to Hensarling: Drop Dead / Inside Shellpoint’s New Jumbo Deal / A Delay for the QM Rule?

OCC Raises Concern on Bank Oversight of Appraisal Management Companies

Mortgage Layoff Carnage Just Beginning: Wells Sees Huge Decline in Volume, BofA Layoffs

Short Takes: Loan Officers Spared From Layoffs, For Now / Sierra Pacific Mortgage Gets Aggressive in Retail / Loan Brokers Suffer Again? / CoreLogic Says Fewer Homes Underwater / Flood Insurance Premiums Could Clobber Vacation Home Market

What We’re Hearing: Cole Taylor Deal Closer, Firm Bids on MSRs / A 15% Downpayment Jumbo From Wells Fargo / Servicers Rejoice on Higher Rates / Apps Fall 70 Percent at Some Shops / Mortgage Hiring Not So Hot / Trying to Time the IPO Market

Michigan Mutual Cuts Mortgage Workers, Others May Follow

Short Takes: Cole Taylor Mortgage Sale Moves Closer / Wells Likes Rich Mortgage Borrowers Better Than Joe Sixpack / Credit Unions Gamble on Holding 30-Year FRMs / Former E-LOAN CEO Joins Raj Date’s New Firm / When Might National MI Go Public?

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Featured Data

Refinance Volume in GSE MBS Jumps in October

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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