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ARMs Gain Market Share in 1Q17; JPM Ranks First

June 28, 2017
Brandon Ivey
-The nation’s top three ARM lenders are JPMorgan Chase, Wells Fargo and Bank of America…
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Short Takes: Uncle Sam will be $5B Richer on Friday (GSE Money) / Zilch for the Others / Break Up Fannie and Freddie? / Something to Ponder / A Promotion at Guild Mortgage

June 28, 2017
Paul Muolo
Meanwhile, holders of the GSE junior preferred stock receive nothing from Fannie and Freddie in terms of dividends.
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Cordray Gone By Year End? Who Will Replace Him?

June 27, 2017
Thomas Ressler
If Trump names a top GOP lawmaker to head the CFPB it would leave open another House or Senate seat…
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Mark Filler Racks up $1 Billion from Investors, Has Plans for F&F, Broker Lending and More

June 27, 2017
Paul Muolo
Filler was named CEO of Finance of America Commercial, but departed after roughly two months.
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IO Originations Decline in First Quarter 2017

June 27, 2017
Brandon Ivey
PHH Mortgage and Chase both played a role in the decline of IO originations.
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Captive Insurers (REITs) Would Stay in the FHLB System if House Bill Becomes Law

June 27, 2017
Carisa Chappell
If the bill becomes law, REITs that gained access to low-cost FHLB advances would get a reprieve.
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Poll: Industry Wants Fannie and Freddie Preserved with ‘Existing Operations’

June 27, 2017
Paul Muolo
Just 18 percent of respondents said they do not want the GSEs preserved in their current state...
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Short Takes: Earnings Season is Upon Us / Business Must be Good at PennyMac / Fidelity National Makes an Acquisition / It’s Not a Malware Problem / Home Loans by (Yes) Homie

June 27, 2017
Paul Muolo and George Brooks
We kid you not: Home loans from a firm called Homie...
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Surprise: A Decline in Bank and Thrift Holdings of First Liens

June 26, 2017
Brandon Ivey
Wells Fargo, which has the largest portfolio of first-lien mortgages, reported a 3.2 percent drop in its holdings, down to $272.72 billion as of the end of the first quarter.
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MBA Urges DOJ, HUD to Suspend Future FCA Enforcement Actions

June 26, 2017
George Brooks
FCA enforcement actions can result in significant damage to a lender’s reputation and bottom line, warns MBA President Dave Stevens.
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