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
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
FHFA Authorizes GSE Payments to Affordable Housing Trust Funds April 4, 2019 Dennis Hollier In general, Republicans don’t like the idea of the GSEs funding affordable housing trust funds…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
CFPB Expected to Roll Back 2015 HMDA Rule April 3, 2019 Yemeng Yang The CFPB is likely to propose changes to the mortgage disclosure rule, according to industry observers ...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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