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
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
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
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?Read More
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…Read More
For Sale: $700M of ARMs. The Seller: A Credit Union April 1, 2019 Paul Muolo All of the loans are being sold servicing-retained...Read More
Commercial Bank Reliant Jumps into the Non-QM Pond March 29, 2019 Paul Muolo At first, Reliant Bank will be an aggregator… Read More
What We’re Hearing: President Trump and GSE Reform / The NEC and Treasury, Cheek-to-Cheek on Fannie and Freddie? / Time to Hire an Investment Banker / Tim Who? / Altisource Unloads a Division / Odeon Hires Bove March 29, 2019 Paul Muolo Wells Fargo ranks first among home lenders and servicers – and with or without Tim Sloan, that’s not likely to change anytime soon…Read More
Nonbanks Conquer Larger Share of New Agency MBS March 29, 2019 John Bancroft Nonbanks reached a milestone in 2018: They became the dominant source of new issuance of Fannie/Freddie MBS…Read More
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