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KBW: No GSE Recap in the Cards for 2020

December 9, 2019
Paul Muolo

Other matters on the government’s priority list: setting a commitment fee, resolution of the QM patch, and “any other similar changes that could impact the GSE footprint.”


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A 27% Gain for FHA Lending in 3Q19

December 9, 2019
George Brooks

Quicken Loans, United Wholesale Mortgage and Fairway Independent Mortgage, ranked first, second and third, respectively among FHA producers…


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LOs are Free to Move Around the Country: Temporary Authority in Effect

December 6, 2019
Yemeng Yang

Tim Doyle of the CSBS: “There will be a significant impact and industry should see a decreased turn time in getting the MLOs approved.”


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GSE JV Gets a New CEO: Tony Renzi (ex-Ditech, GMAC, Freddie)

December 6, 2019
Dennis Hollier and Paul Muolo

Renzi spent a large chunk of his career at GMAC, finishing his 23-years there as COO of ResCap and president of the mortgage division. He followed that up with a couple years as Freddie’s executive vice president for its single-family business.


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CFPB Eyes Changes to Consent Order Termination

December 5, 2019
Yemeng Yang

The powerful consumer regulator is working on a plan to identify ways to improve the consent order process. The idea: release so-called "reformed" players from the regulatory burden of CO prison.


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Lender Accused of Accepting Kickbacks in Postage Stamps

December 5, 2019
Yemeng Yang

RESPA kickback schemes can take many forms. One civil case pending in Maryland centers on postage stamps forwarded by a vendor to an originator.


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Grapevine: Due Diligence Changes? / mREIT Liquidity

December 5, 2019
Brandon Ivey and Paul Muolo

The SFA is eyeing changes to its due diligence review standards. Meanwhile, REITs are awash in cash like never before.


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Federal Regulators (FSOC) Call for Increased Regulation of Nonbanks

December 5, 2019
Brandon Ivey

According to data from state regulators, the largest nonbanks in the mortgage space have approximately four times as much debt as equity.


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Hedge Fund Founder Jailed for Mismarking MBS Value

December 5, 2019
Yemeng Yang

The founder and CEO of Premium Point Investments, New York, was sentenced to 50 months in prison for overvaluing by $100 million the value of securities his hedge fund had invested in.


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Just Because the CFPB is Assessing TRID, That Doesn’t Mean Changes Will Be Made

December 3, 2019
Yemeng Yang

The TRID rule can be changed but not completely eliminated…


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