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FEMA ‘Reviewing’ Authority to Allow National Flood Insurance Program to Operate During Government Shutdown

December 28, 2018
Brandon Ivey
FEMA said it is working determine what options exist to enable the National Flood Insurance Program to allow the sale and renewal of flood insurance policies to continue during the government shutdown.
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Short Takes: OPM Suggests Federal Employees Speak with their Servicers / Agency Releases Draft Letter to Help Reduce Mortgage Payments / 800,000 Federal Employees Impacted by Shutdown / Details on Freddie’s SFR Pilot

December 28, 2018
Brandon Ivey
The sample letter from the Office of Personnel Management notes that because of the shutdown, the federal worker’s income has been severely cut and they are unable to pay the entire cost of their mortgage...
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Broker Tech Platform from AIME Looks to Sign Up More than 20 Wholesale Lenders

December 27, 2018
Brandon Ivey
The seven initial participants in the platform include United Wholesale Mortgage, the nation’s largest table-funder…
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Nonbanks Continue to Build Market Share

December 27, 2018
John Bancroft
Nonbanks among the top 100 reported a mild 0.9 percent drop in new business, while depository institutions saw production fade 4.0 percent.
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Lion Point Capital Declares 50 Percent Stake in Ditech

December 27, 2018
Paul Muolo
The investment banking firm Houlihan Lokey has been fielding offers for Ditech…
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Democrats Take Issue With Mulvaney’s Past Moves at the CFPB, MLA Becomes a Focus

December 27, 2018
Yemeng Yang
Roughly 24 Democrats, led by Rep. Maxine Waters, CA, recently sent a letter to Kraninger arguing that the CFPB has the authority to supervise entities under the MLA.
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Short Takes: Wells Fargo Executive Takes a Job with UCM / The NAR is Not Happy with FEMA / No Word From Peter Bell and NRMLA / Fannie Mae Director Haywood Moves On / Trouble in the Sandbox

December 27, 2018
Brandon Ivey and Paul Muolo
The National Association of Realtors is none too happy with FEMA's actions during the government shutdown...
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Surprise: Production-Related Activity Saw Profit Boost in 3Q18

December 27, 2018
John Bancroft
However, servicing income was down substantially…
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PIMCO Working on a Massive Securitization of Whole Loans?

December 27, 2018
Paul Muolo
It’s common knowledge that the foreign-owned PIMCO is an active buyer of non-agency loans…
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FHFA Nominee’s Past Comments Could Come Back to Haunt Him (With Democrats at Least)

December 26, 2018
Dennis Hollier
As the former director of financial regulation studies at the Cato Institute, Mark Calabria brings a decidedly libertarian perspective to housing finance.
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