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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...
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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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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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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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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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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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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…
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Trade Organizations Seek a Change to the LO Comp Rule

March 28, 2019
Yemeng Yang
The current LO rule actually prohibits reductions in compensation…
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Short Takes: What Happened to the GSE Rally? / Time for Treasury to Hire an Advisory Firm? / Trump Serves Notice to HUD as Well, HECMs a Big Concern / Where Did All the Senators Go? / Hugh Frater’s Other Job

March 28, 2019
Paul Muolo and Yemeng Yang
President Trump is concerned about the HECM program...
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