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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...
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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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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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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…
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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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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 ...
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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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Chairman of Insurance Conglomerate with Ties to Mortgage Industry Indicted in NC

April 3, 2019
Paul Muolo
Anne Tompkins, Lindberg's attorney, said her client is “is innocent of the charges in the indictment and we look forward to demonstrating this when we get our day in court.”
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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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FHFA Authorizes GSE Payments to Affordable Housing Trust Funds

April 3, 2019
Dennis Hollier
Fannie’s contribution totals $215.0 million. Freddie will kick in $161.7 million...
Read More
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