Mortgage Employment Continues to Lag. But Is a Turnaround in the Works? April 8, 2019 Paul Muolo As industry consultant Paul Hindman noted: “The dramatic swing in mortgage interest rates changed the game big time."Read More
Senate Confirms Calabria as Next FHFA Director. His First Move? April 5, 2019 Paul Muolo and Dennis Hollier The vote was 52 to 44, along party lines... Read More
HomeStreet Strikes Deal to Sell MB Offices to NJ Nonbank April 5, 2019 Paul Muolo It looks as though the Seattle-based HomeStreet is slowing kissing the residential mortgage business goodbye...Read More
JPM Chief Estimates $1T in Lost Mortgage Volume, Hints the Bank Might Change its Mortgage Strategy April 5, 2019 Brandon Ivey Dimon added that Chase is “intensely reviewing” its role in originating, servicing and holding mortgages due to regulatory issues... Read More
California Moves Forward on Plans to Create a CFPB-Like Agency April 5, 2019 Yemeng Yang The California governor last week appointed a former CFPB enforcement attorney, Manuel Alvarez, as DBO commissioner. Read More
What We’re Hearing: A Mortgage Sea Change for JPMorgan Chase? / Dimon Beats Up on Nonbanks (Again) / Kumbaya on Loan Brokers? (Not Likely) / Calabria’s First Move? / IMA Selling Bulk MSR Portfolio / Layoffs at Ditech Financial April 5, 2019 Paul Muolo Who knows – maybe Dimon will once again embrace doing business with loan brokers...Read More
Phoenix Selling Bulk MSRs for NC Nonbank April 4, 2019 Paul Muolo California and Florida product account for 44% of the receivables…Read More
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.” Read More
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.Read More
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...Read More
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