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Short Takes: Headed Into Receivership: Fannie and Freddie? / Politically Pragmatic / No Life in the Common / Coming Soon: A Platform Closure at Ocwen / A New 52-Week Low

December 13, 2018
Paul Muolo
Federal Financial Analytics calculates the trigger will be pulled by mid-2019.
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California Judge Tosses Class-Action Lawsuit Against Caliber Home Loans over Data Breach

December 13, 2018
A California court last month dismissed a borrower’s attempt to bring a class-action lawsuit against Caliber Home Loans over a security breach at the nonbank lender in early 2017.
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Study Shows Negative Equity the Most Important Harbinger of Default Rates

December 13, 2018
Negative equity – or even just the perception of it – is the most important determinant of default rates, according to a recent study by Collateral Analytics.
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It’s Official: Trump Picks GSE Critic Mark Calabria to Head the FHFA

December 12, 2018
Paul Muolo
The nomination had been expected for several weeks now and paves the way – quite possibly –for limitations on GSE pilot programs, loan parameters and secondary market liquidity.
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It’s LO ‘Recruiting Season’ and That Means What?

December 12, 2018
Paul Muolo
It stands to reason that with production declining mortgage firms might have the upper hand over their sales personnel, but it’s never that simple...
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Cost-Benefit Analysis Likely Focus of New CFPB Leadership

December 12, 2018
Yemeng Yang
The annual salary for the assistant director to head the office of cost-benefit analysis is between $200,595 and $247,500.
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New CFPB Chief Plans a Three-Month ‘Listening Tour’

December 12, 2018
Yemeng Yang
Kraninger on the recent name change of the agency: “I care more about what the agency does than what it is called…”
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In the Midst of the Holiday Season, Lenders Feel Glum About 1Q19 Originations

December 12, 2018
Brandon Ivey
Some good news: Fannie chief economist Doug Duncan said continued strength in borrower demographics and the labor market offer hope that conditions should stabilize in 2019 and may even improve.
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Pick of GSE Critic Mark Calabria Will Mark a New Era at the FHFA

December 12, 2018
Paul Muolo
Tom Piercy of Incenter Mortgage Advisors: “Calabria is not an advocate for our industry – but he is also being appointed by the president, who does not want housing to falter between now and 2020.”
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Short Takes: loanDepot Loses its Product Chief / Bill Dallas and Cloudvirga / Kudos on the Calabria Pick from HFSC Chairman Hensarling / A Candidate Himself Once? / A New Hire for Vendor Valuation Partners

December 12, 2018
Paul Muolo
Cloudvirga, at one time, was headed by industry veteran Bill Dallas...
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