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July 9, 2014

Short Takes: $2 Billion for Subprime? / Who is Angel Oak? / Getting around the QM Rule / 2Q Originations May Surprise / New Apps Get a Boost / Citigroup May Settle with DOJ

By Paul Muolo

An early analysis of second quarter loan level data suggests that residential originations were a little better in the April to June time-frame than some might believe. See this website on Thursday for more information…

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

I’m confident a bill will be passed the first year.


2 to 3 years. GSE reform is complicated.


Sadly it won’t happen in a Clinton or Trump first term.


Not in my lifetime.


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