Carisa Chappell

Recent Stories From this Author

GSE ‘Cross Subsidization’ – Should it Stay or Should it Go?
July 20, 2018 While the GSEs have been engaging in risk-based pricing for mortgage guarantees since the crisis, very large cross subsidies...

Court Rules FHFA’s Structure Violates the Constitution. But Upholds Treasury Sweep
July 17, 2018 The court said Congress encased the regulator in layers of insulation, which limits the president’s power to remove and...

Short Takes: Fannie Launches MI Pilot / MBA Reg Counsel Joins Consulting Firm / Non Bank Market Share Grows / FHFA Capital Rule Criticized
July 10, 2018 Fannie said the new lender option allows the GSE to streamline the operational requirements of participating lenders...

Short Takes: Those Ginnie Warnings on VA IRRRLs Apparently Worked / The Trump GSE Plan, Going Nowhere? / NJ Lender Launches Call Center in SC / Churchill in a Hiring Mode / Walker & Dunlop Hires Capital Markets Executive
July 9, 2018 Although loan production is down this year, that isn’t stopping some lenders from moving forward with expansion plans.

Short Takes: Megabank Bidding on VA IRRRLs / HUD Didn’t Fix the Mess / Blame the Dodd-Frank Reform Act / Applies to REMICs Only / JPM Remains the FHLB Advance King
July 5, 2018 Needless to say, the VA IRRRL issue is complicated...

Freddie Extends Appraisal Waivers to Condo Purchases and Refis
June 28, 2018 Now, eligible condo loan borrowers can take advantage of the appraisal waiver if ACE deems it unnecessary.

A Decline in FHLB Advances. Big Drops for JPM and Wells
June 27, 2018 The figures show that compared to the first quarter of 2017, both JPM and Wells greatly reduced their FHLB borrowings…

Short Takes: HUD Chief Carson Gives a Target Date for FHA Condo Rule / Different Agencies, Different Criteria / No Changes in Ratings on Fannie and Freddie / Angel Oak Promotes Jumbo Loan / FHFA IG Official Steps Down
June 27, 2018 FHA may soon have a new condo lending rule, but one lobbyist called it "four years too late..."

American Action Forum: Merge the GSEs into HUD. (You Heard that Right)
June 11, 2018 The AAF warns against the GSEs becoming private entities again, noting there’s no way for them to raise enough capital…

Short Takes: Angel Oak Buys Stake in Commercial MB / Questions Being Asked about Trading in GSE Corporate Bonds / Texas Mortgage Shop Closes? / A New Hire for Pavaso
June 5, 2018 Another mortgage company has closed. This one in Texas...


With mortgage production down noticeably this year from 2017, how many lenders might disappear via M&A or failure during the next 12 months?

10% or less. It’s not that bad out there.
11% to 25%. It’s a challenging market.
25% to 40%. It’s going to be very ugly.
No opinion.

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