Short Takes: A Lower Production Read on LOs / FHFA Chief Weighs in On Affordable Housing Creation / Thinking About What Gordon Gekko Once Said / Civic Launches Correspondent Initiative / Wholesale v. Correspondent June 4, 2019 Paul Muolo and Brandon Ivey If only we had more GSE charters...Read More
Community Banks Seeing Effects of DFA Reg Relief June 4, 2019 Yemeng Yang Ron Haynie, senior vice president of mortgage finance policy for the Independent Community Bankers of America, said smaller institutions have already benefited from reg relief…Read More
Coming Soon and Causing Agita: CECL June 4, 2019 George Brooks CECL requires expected losses to be anticipated long before actual evidence of a loss can be recognized… Read More
California Still the Mother Lode for Fannie and Freddie June 4, 2019 John Bancroft The top three states in GSE business: California, Texas and Florida...Read More
NAR Advises FHFA Chief Against ‘Aspirational’ Attempts, Curtailing the GSE Footprint June 4, 2019 Paul Muolo NAR: FHFA must allow Fannie and Freddie to meet their public mission of supporting liquidity and broad access...Read More
Short Takes: Bake in a Rate Cut? / U.S. Bank Chooses Empower as its LOS Vendor / Annaly Unveils Stock Buyback Initiative / A New Hire for Multifamily Lender Greystone June 3, 2019 Paul Muolo A coup for Black Knight...Read More
Production Profits Rebounded in 1Q19 June 3, 2019 John Bancroft Most of the gain came from a rebound at JPMorgan Chase,the nation's fifth-largest originator...Read More
Relying on One Single LOS Vendor a Thing of the Past? June 3, 2019 Brandon Ivey The change in the technology landscape is due to new participation in the mortgage market by fintech companies…Read More
Expect a GSE Stock Sale by Early 2020? June 3, 2019 Paul Muolo Investment banking fees on a Fannie/Freddie stock sale could be enormous…Read More
What We’re Hearing: Waiting on Treasury’s GSE RFP / And the Advisory Contract Goes To… / Who Is Andrew Olmem? / Angel Oak’s New MBS / Losing Faith in Mr. Cooper (The Mortgage Company, Not the Teacher) / Hindman: Banks Fail When it Comes to Social Media May 31, 2019 Paul Muolo Will institutional investors like Berkshire Hathaway line up to buy a new class of stock issued by Fannie Mae and Freddie Mac? We may know soon... Read More