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Jumbo Lender First Republic’s 1Q Originations Slip Almost 18 Percent, but Strong Improvement in Gain-on-Sale

April 13, 2017
Brandon Ivey
Home equity lending at First Republic totaled $414.3 million in the quarter, off 8 percent from the prior period.
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An Ominous Sign? Residential Production at Wells Fargo Slumps 39 Percent; JPM Not as Bad

April 13, 2017
Paul Muolo
Then again, compared to the same period a year ago, Wells' production is just about flat...
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MBA Calls for Changes to Basel’s ‘Punitive’ Treatment of MSRs

April 13, 2017
Thomas Ressler
MBA believes the “unnecessarily punitive treatment" of MSRs makes them one of the most costly asset classes in the entire Basel III framework...
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Nonprime Lenders May See a Banner Year in 2017

April 13, 2017
“Ever since Trump was elected, we’ve been so busy,” said Citadel founder and CEO Dan Perl…
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Short Takes: Ed DeMarco and TBTF / An Accomplishment: G-Fee Parity / Hensarling’s Donors / GSEs Stay Busy on the Multifamily Front / What Mortgage Directors Earn

April 13, 2017
Paul Muolo
In 2012, the g-fee disparity fell to about 6 bps. By 2013 it was just about gone. And you can credit Ed DeMarco…
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CFPB Proposes HMDA Rule Clarifications

April 13, 2017
Thomas Ressler
One change would facilitate reporting the census tract of a property, using a new geocoding tool that the CFPB plans to provide online.
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CitiMortgage’s Third-Party Servicing Portfolio Plummets 66 Percent; Lending Off 32 Percent

April 13, 2017
Paul Muolo
It’s a safe bet that CitiMortgage will no longer be a top-10 ranked residential servicer…
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Financial Services Roundtable Names Former FHFA Director Ed DeMarco President of its HPC

April 12, 2017
Carisa Chappell
In June of last year, DeMarco co-authored a Milken Institute white paper entitled “Why Housing Reform Still Matters." In it, he argues: "…we need to preserve the liquidity and capacity of an active, globally financed MBS market…”
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Nationstar CEO Earned $5.36 Million, Flagstar Chief Saw a Decline in Compensation

April 12, 2017
Paul Muolo
The compensation figures for both men include salary, stock awards and other forms of income.
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Hensarling Unveils Changes to CFPB in CHOICE Act 2.0

April 12, 2017
Thomas Ressler
Despite these developments, FBR Capital Markets analyst Edwards Mills said passage of the Hensarling legislation is unlikely. “We continue to believe that major Congressional action on financial regulation is a 2018 event,” he writes in a new client note.
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