Wholesale Access is a research and publishing company founded
in 1991 by David Olson and Tom LaMalfa,
focused exclusively on the residential mortgage market. The companys staff
combined comprises priceless expertise in the workings of the industry and its
Examples of large multi-client projects include their definitive
series on broker and non-broker originators, an examination of the nations
minority mortgage market, and groundbreaking research on the economics of mortgage
prepayments. Wholesale Access also offers clients proprietary research such as
their production revenue and expense benchmarking series.
The company maintains a time series of statistics on the residential
mortgage market going back to the 1980s. This valuable web-based resource is available
to subscribers of The Home Mortgage Industry Annual Report.
Wholesale Access has been involved as an expert witness in about
30 court cases over the past 15 years. Most of these cases involved mortgage brokers
and the issue of payment of yield spread premiums to them. We have served both
in support of the plaintiff and the defense. Other issues were bad loans, lost
finance charges, tax value of second mortgage deductions, sex discrimination, broken
contracts, theft of corporate secrets, excess interest rates charged, and the value
of a mortgage banker. We have also been hired to give expert testimony before the
Senate Banking Committee and the staff of HUD.