Rent Low, Buy High for Some Counties July 14, 2015 Sherry Muolo The “major” counties where it’s cheaper to rent are all in Southern California...Read More
Short Takes: Wells’ Appetite for Nonconforming Mortgages Rises / Someone Who Didn’t Rat Out the Neighbor on a Foreclosure / Locating Delinquent Borrowers on Facebook / How Much in Senior Home Equity? / A New Hire for LenderLive July 14, 2015 Brandon Ivey, Paul Muolo, and Sherry Muolo A few years back, one investor in nonperforming loans told us that when he couldn’t find a delinquent borrower he turned to the Internet, namely Facebook...Read More
Short Takes: Putnam Invests in Altisource Asset Management / The Yield on the 10-Year Rises / A Correction for Home Values in Texas and ND? / Jumbo Standards Get Tighter / Former Fannie Executive Joins Hamilton July 13, 2015 Brandon Ivey, Paul Muolo, and Sherry Muolo Housing markets in North Dakota and Texas are looking a bit risky these days, according to the Arch MI Risk Index model. Read More
Final Tally on Inside Mortgage Finance Poll: Production Staff in Demand July 9, 2015 Sherry Muolo The jobs that seem to be the least in demand include technology support (4 percent) and secondary marketing positions.Read More
Short Takes: Mortgage M&A Deal About to Happen? / SRPs Holding Up / JPMorgan Almost Done with Loss Mitigation Obligations / Refi Applications Worrisome / Auction.com Hires Former Altisource Official July 9, 2015 Brandon Ivey, Paul Muolo, and Sherry Muolo We’re told a sale contract could be signed any day now, but as far as a public announcement is concerned, it may not happen right away…Read More
Stonegate Expands Direct-to-Consumer Unit in Arizona July 8, 2015 Sherry Muolo Stonegate has grown from 400 employees in 2012 to about 1,300 currently.Read More
Short Takes: Is SF in a Housing Bubble? / If You’re Going San Francisco, Bring Lots of Money for that Hotel Room / Some Think It’s Easy to Get a Mortgage / Rates Fall / BOK Hires Fifth Third Executive to Head Mortgage Unit July 7, 2015 Carisa Chappell, Paul Muolo, and Sherry Muolo According to a new consumer survey from Fannie Mae, 63 percent of consumers think that now is a good time to buy a home, tying a survey low...Read More
Short Takes: HUD IG Now Going After Multifamily Originators / About that Mortgage IPO… / Realtor.com Offers Mortgage Advice, More / Rep. Garrett Slams GSE CEO Pay Raises July 6, 2015 Carisa Chappell, Paul Muolo, and Sherry Muolo Is the mortgage IPO market dead? Yes, says consultant Joe Garrett...Read More
Short Takes: GSEs Hike LPMI Capital Requirements / Is LPMI Really Riskier? / The Trouble with Mortgage Co-ops and Free AU / Applications Wane / Hiring at NMI July 1, 2015 John Bancroft, Paul Muolo, and Sherry Muolo The Consumer Financial Protection Bureau also is reviewing LPMI, but from a different angle: RESPA and the "discounting" of such policies… Read More
Short Takes: So, Where’s the Rate Plunge? / MBS Prices? / CitiMortgage Fails a Servicing Metric / Pending Home Sales Bright / A New Hire for DocMagic June 30, 2015 Brandon Ivey, Paul Muolo, and Sherry Muolo With Greece ready to crack up, it was thought that mortgage rates might plunge. But it hasn't happened yet...Read More