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VA, MBA Oppose Bill Requiring Increases in VA Loan Fees Presumably to Pay for Additional VA Health-Care Costs

August 9, 2018
A legislative proposal to hike VA loan fees apparently to pay for certain veterans’ health-care costs is getting pushback from lenders and the Department of Veterans Affairs itself.
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Treasury Endorses Automated Appraisals, Analysts and Appraisal Groups Concerned

August 9, 2018
A report released last week by the Treasury Department encouraged broader use of automated appraisals and recommended that Congress help push the technology forward. Not surprisingly, the appraisal industry is urging caution.
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A Flurry of CFPB Enforcement Settlements Suggests Some Change in Approach But Lenders Can’t Relax

August 9, 2018
After a brief hiatus while new management took over, the Consumer Financial Protection Bureau recently has resumed taking enforcement actions. Attorneys said the settlements look similar to those under the prior leadership, but the enforcement strategy is different.
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House Subcommittee Plans Hearing on ‘Waste, Fraud and Abuse’ Allegations at the FHFA. The GSEs?

August 9, 2018
Carisa Chappell
There was no mention of Freddie Mac’s CEO, Don Layton.
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Bulk Servicing Sales Continue at a Brisk Pace. A Record Year?

August 9, 2018
Paul Muolo
IMA and MountainView expect to trade more product this year than last…
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Mortgage Banking Income Fades at Banks

August 8, 2018
John Bancroft
Second-ranked JPMorgan Chase had a similarly disappointing quarter.
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CFPB Active Again in Enforcement Actions. 23 Cases Being Litigated

August 8, 2018
Yemeng Yang
A spokesperson told Inside the CFPB the agency’s office of enforcement is now “actively litigating 23 cases.”
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Another Record Non-QM Production Quarter for Citadel. 2018 Production Could Top $1.8 Billion

August 8, 2018
Paul Muolo
At the end of July, Citadel serviced $1.75 billion of non-QMs…
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Redwood Reports Lower Earnings, but a Rise in Loan Purchases

August 8, 2018
Paul Muolo
At June 30, Redwood held $5.5 billion of residential loans on its books, up 40.6 percent from a year ago.
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Industry Seeks Update from Banking Regulators on Basel, Tier I Capital and MSRs

August 8, 2018
George Brooks
At the very least, the MBA wants a timeframe from the regulators…
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