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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.”
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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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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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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...
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Short Takes: Tennessee Bank Exiting Third-Party Production / Plaza Home Expands Non-QM Offerings / 23 Groups Want Expedited Vote on FHFA Nominee / Calabria Knows the Risks / The Signors Are…

April 2, 2019
Paul Muolo and Brandon Ivey
The letter does not specify what these new policies might be. Some type of administrative reforms, perhaps?
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Short Takes: No April Fools Day Joke: Policy Whiplash / A Drop in Policy Risk? / Trying to Figure Out Democrats and Republicans / Drowning in Student Loan Debt? / If Loan Officers Don’t Move Up, Move Them Out / A New Branch for Castle & Cooke

April 1, 2019
Paul Muolo
One consultant advises loan officers to move up or get moved out...
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What We’re Hearing: President Trump and GSE Reform / The NEC and Treasury, Cheek-to-Cheek on Fannie and Freddie? / Time to Hire an Investment Banker / Tim Who? / Altisource Unloads a Division / Odeon Hires Bove

March 29, 2019
Paul Muolo
Wells Fargo ranks first among home lenders and servicers – and with or without Tim Sloan, that’s not likely to change anytime soon…
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Nonbanks Conquer Larger Share of New Agency MBS

March 29, 2019
John Bancroft
Nonbanks reached a milestone in 2018: They became the dominant source of new issuance of Fannie/Freddie MBS…
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Crapo’s GSE Plan Praised (More or Less). However…

March 29, 2019
Yemeng Yang
Former GSE regulator Ed DeMarco: “The chairman’s outline captures the consensus elements of prior reform proposals and serves as a solid workable foundation from which to develop legislation.”
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