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JPM Has a New Mortgage (Consumer) Chief: Marianne Lake

April 18, 2019
Paul Muolo

The Lake promotion comes about two weeks after JPM Chairman and CEO Jamie Dimon in a letter to shareholders said the megabank is considering significant changes in its home lending operations...


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Short Takes: A ‘Perfect Storm’ Hammered Mortgage Profits / How Bad? Try 2008 / Ocwen Grants CEO Messina Stock Awards / Colony Set to Buy PFB Mortgage / Evolve Hires Former Wells Executive as Mortgage President

April 17, 2019
Paul Muolo

The negative factors include higher rates, lower originations, and rising expenses, resulting in the lowest net production income per loan reading since 2008...


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Short Takes: Standing Room Only / Respect the Caps Bill Introduced (Has Nothing to do with Hockey) / Signs of Life in Warehouse Lending / Radian Director Won’t be Back

April 15, 2019
Paul Muolo and Dennis Hollier

Thanks to lower rates, warehouse providers are seeing signs of life once again...


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New FHFA Chief Calabria Sees a Sense of ‘Urgency’ on GSE Reform

April 15, 2019
Dennis Hollier

Calabria: “There is much work to do. Markets change and advance. So must we.”


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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...
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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.


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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...
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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."
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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...
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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.
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