What We’re Hearing: Good Luck Mr. Calabria / So What’s First on the List? / Digital Mortgages, the Great Mortgage Employment Reducer? / About that 25 BPs LLPA Charge from Fannie Mae / Op-Ed by Caliber CEO Das Sets Tongues Wagging April 12, 2019 Paul Muolo A new op-ed from Caliber Home Loans CEO Sanjiv Das has people talking, and not necessarily in a good way...Read More
Calabria Confirmation and Administrative Reform April 10, 2019 Dennis Hollier The changed, partisan confirmation process for the new FHFA director has decreased the chances for Congressional action on housing-finance reform. Read More
Short Takes: No Docs Making a Comeback / Overcapacity Still a Problem, Says KBW / It’s All About Controlling Costs / loanDepot’s Hsieh Welcomes Zillow as a Competitor / Chief of Staff Miller Resigns at Treasury April 8, 2019 Paul Muolo Keefe, Bruyette & Woods says overcapacity in the mortgage industry continues to be a problem... Read More
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
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
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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