The Next Big Question for GSE Watchers: Dividends April 16, 2019 Paul Muolo But when to end the dividend payments? June, September? Opinions differ.Read More
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.”Read More
GE Hit with $1.5 Billion Penalty from DOJ for Problems with Pre-Crisis Mortgages April 15, 2019 Brandon Ivey WMC Mortgage "jacked up volume without controls," according to a member of General Electric's corporate audit staff.Read More
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
Wells Fargo Not Off the Hook April 11, 2019 Yemeng Yang Top CFPB and OCC officials said all options are on the table for cracking down on Wells Fargo.Read More
Consumer Complaints Filed with the CFPB Continue to Fall April 10, 2019 Yemeng Yang Mortgage complaints declined by 11.1%...Read More
Short Takes: Fannie and Freddie, Lenders of Last Resort? / Privately Held and Ranked Eighth / Caliber Settles with the Bay State / New American Jumps Into Non-QM Waters / A Tom Clancy-Like Warning April 10, 2019 Paul Muolo and Brandon Ivey
Short Takes: Judge Orders Mediation for Quicken and Uncle Sam / Fighting Rather Than Quitting / A Mortgage Sample of Just 55 Loans / Calabria and GSE Stock Prices / Waiting on the Swearing In / Arch and Some Predictions About the (Coming) Recession April 9, 2019 Paul Muolo In late 2015, Quicken executive Bill Emerson complained how DOJ sued based on a paltry sample of the lender’s government-backed loans. “They cherry-picked just 55 loans [for its case],” he said…Read More
Lenders Fear Expanded HMDA Reporting Could Lead to More Scrutiny April 9, 2019 Yemeng Yang More data = more scrutiny?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
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