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Short Takes: Ethos is Now One American Mortgage / Sen. Crapo Takes to the Senate Floor in Support of Calabria / Ditech’s Warning / Industry Elder Statesman Felix Beck Passes Away / A Product Update from Arch

April 4, 2019
Paul Muolo
Ditech continues to point out in SEC filings that trading in its securities is “highly speculative and poses substantial risks.”
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Senate Confirms Calabria as Next FHFA Director. His First Move?

April 4, 2019
Paul Muolo and Dennis Hollier
Although Fannie and Freddie were taken over by the government in the fall of 2008, the two have been wildly profitable – with a few bumps along the way – since 2012.
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CFPB Expected to Roll Back 2015 HMDA Rule

April 3, 2019
Yemeng Yang
The CFPB is likely to propose changes to the mortgage disclosure rule, according to industry observers ...
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Calabria Vote Could Be This Week

April 3, 2019
Dennis Hollier
A handful of Democrats could cross party lines and vote for the FHFA nominee...
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Chairman of Insurance Conglomerate with Ties to Mortgage Industry Indicted in NC

April 3, 2019
Paul Muolo
Anne Tompkins, Lindberg's attorney, said her client is “is innocent of the charges in the indictment and we look forward to demonstrating this when we get our day in court.”
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Jumbo Correspondent Channel Gains Market Share

April 3, 2019
Brandon Ivey
Strategies for jumbo originations vary among the top three producers, all of which are megabanks...
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Mortgage Applications Spike by Almost 19%, UWM Coming Off Record Quarter

April 3, 2019
Paul Muolo
“Refinance borrowers with larger loan balances continue to benefit, as we saw another sizeable increase in the average refinance loan size to $438,900 – a new survey record,” said MBA’s Joel Kan…
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Short Takes: A Record March for Guaranteed Rate / Will Treasury Really Allow the GSE to Have More Capital? / Hog Wild or Baby Steps? / Take Off the Lobbying Strait Jacket? / Maloni? Bueller? / National MI Gets Cozy with NAMB

April 3, 2019
Paul Muolo
With Fannie and Freddie earning so much money these days (and returning almost all of it to Uncle Sam) haven’t the two earned the right to lobby Congress regarding their future?
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Ditech Says 10-K Filing Will Be Late. Oh, and It Wants $2.5M for ‘Key’ Employees

April 2, 2019
Paul Muolo
Ditech said its advisors and debtors have created a “key employee incentive program” (KEIP) valued at $2.5 million to pay “base” employees “who are largely responsible” for operations...
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Short Takes: Tennessee Bank Exiting Third-Party Production / Plaza Home Expands Non-QM Offerings / 23 Groups Want Expedited Vote on FHFA Nominee / Calabria Knows the Risks / The Signors Are…

April 2, 2019
Paul Muolo and Brandon Ivey
The letter does not specify what these new policies might be. Some type of administrative reforms, perhaps?
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