JPMorgan, in particular, was an origination laggard, funding $24.2 billion in home mortgages during the second quarter, a 13.8% decline from the first three months of the year.
One CEO, whose company continues to sponsor AIME, said he found Casa’s behavior offense but told Inside Mortgage Finance his company will continue to support the organization. “I think that eventually Anthony will be back,” he said in an interview Friday morning, “but I hope he takes this time to reevaluate and improve himself.”
The Financial Stability Oversight Council wants to take a close look at the secondary mortgage market but isn’t letting on about its agenda. Maybe a “housing czar” will come out of this, some wonder.