Industry Fears FHFAs Fee for Service Proposal Could Resurface February 28, 2013 Paul Muolo The Federal Housing Finance Agency hasn't totally given up on the issue of "fee for service." Read More
Wells Fargo Keeps $19.4 Billion of 2012s Conventional Production on its Books February 28, 2013 John Bancroft and Paul Muolo Wells Fargo last year wound up keeping almost $20 billion of new residential production its books instead of selling the loans to Fannie Mare and Freddie Mac. Read More
Short Takes: Wells Hires Someone to Manage JVs / Cordray Will Be Confirmed? / Ocwen Posts Results but Analysts are Not Impressed / HUD Writing its Own QM Rule for FHA Loans February 28, 2013 Brandon Ivey, Paul Muolo, and Thomas Ressler Wells Fargo has not given up on mortgage lending JVs after all and has hired someone to manage them.Read More
First Quarter Originations Starting to Slow, G-Fees at 50 Basis Points? February 27, 2013 Paul Muolo Residential fundings are starting to slow as refinancings wane, according to interviews conducted by Inside Mortgage Finance.Read More
Short Takes: The Dwindling JV Empire of Wells Fargo / More Layoffs for Foreclosure Review Specialists? / Where Are Fannies Earnings? / Vericrest is Hiring February 27, 2013 Paul Muolo Wells Fargo says it is committed to its remaining joint venture lending partners but isn't giving out any names on the JVs.Read More
TBWs Freddie Mac MSR Portfolio Sold February 26, 2013 Paul Muolo Milestone Advisors has picked a winning bidder for the MSR portfolio once owned by Taylor, Bean & Whitaker.Read More
JPM Will Slash Mortgage Staff, Sells MSR Platform to Wingspan February 26, 2013 Paul Muolo JPMorgan Chase will slash thousands of mortgage workers over the next 20 months.Read More
Short Takes: Lenders Will Do Battle Over G-Fees / Will PennyMac Buy Allys MSRs? / MGIC is a Buy / Radian Taps the Equities Market February 26, 2013 Paul Muolo and Charles Wisniowski Mortgage bankers are promising to wage war over any new guaranty fee hikes that are used for non-residential projects.Read More
Risk-Based Pricing for G-Fees is on the Way February 25, 2013 Paul Muolo The Federal Housing Finance Agency has not given up on its effort to install risk-based pricing for guaranty fees. Read More
Nationstar CFO David Hisey Will Earn at Least $1.375 Million February 25, 2013 Paul Muolo Nationstar Mortgage signs a new employment contract with one of its top executives, CFO David Hisey.Read More