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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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The (State-Licensed) Nonbank Origination Share for 2018: 54.8%

April 2, 2019
John Bancroft
Depositories accounted for 24.6% of last year’s production, down from 25.4% in 2017.
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MorVest Hires M&A Veteran Larry Charbonneau

April 2, 2019
Paul Muolo
Over the years, Charbonneau has advised on at least 90 M&A transactions, involving both depositories and nonbanks.
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Look Who’s Jumping Into the Non-QM Pool: JPMorgan Chase

April 2, 2019
Brandon Ivey
Up until now, JPMorgan has focused on securitizing QMs…
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Short Takes: No April Fools Day Joke: Policy Whiplash / A Drop in Policy Risk? / Trying to Figure Out Democrats and Republicans / Drowning in Student Loan Debt? / If Loan Officers Don’t Move Up, Move Them Out / A New Branch for Castle & Cooke

April 1, 2019
Paul Muolo
One consultant advises loan officers to move up or get moved out...
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