We’re hearing unconfirmed reports that the Federal Housing Finance Agency may not hire a chief executive and chairman for the common securitization platform project after all…

“I understand this is the largest attended ABA compliance conference. You’re welcome,” dead-panned CFPB official Steve Antonakes. “We'll see what we can do this year to boost your numbers a little more next year.”

Rosner of Graham Fisher & Co. also wants to see the use “stringent methods” to price guarantees separate from the GSE's.

According to interviews conducted by IMFnews, many nonbanks lost money in January and February but began to see better results in March.

The 16.4 percent increase was more likely due to the fact that a huge number of reverse mortgages closed in November and December but were not insured by FHA until January, said one lender.

Up until the housing crash of 2008, it was not uncommon for many warehouse lenders to extend lines of credit to buy MSRs or finance the holding of the asset.

How Not to Run a Website. The “links” section of the website of the Senate Banking, Housing and Urban Affairs Committee is so outdated, not only does it not have a link to the CFPB, arguably the majority’s favorite regulatory agency, it also has links to the Federal Housing Finance Board and the Office of Federal Housing Enterprise Oversight. Both of those agencies were subsumed and replaced by the Federal Housing Finance Agency back in 2008. Not surprisingly, there also is no link on the committee’s website to the FHFA’s website. Meanwhile, neither fhfb.gov nor ofheo.gov have...

Director Cordray to Deliver Report to Senate Banking. CFPB Director Richard Cordray is scheduled to deliver his agency’s semi-annual report to the Senate Banking, Housing and Urban Affairs Committee on Tuesday, June 10, 2014. Cordray is the only person scheduled to appear before the committee during this event. His remarks will be posted on the committee’s website the day of the hearing, which will also be available for viewing live online. Look for coverage of the event in the next issue of Inside the CFPB. Bureau Plans Public Field Hearing on Mobile Financial Services. The CFPB plans...

The Federal Reserve Office of Inspector General has begun an evaluation of the CFPB’s controversial headquarters renovation budget in response to a request from Rep. Patrick McHenry, R-NC, chairman of the House Financial Services Subcommittee on Oversight and Investigations, the OIG revealed in its semi-annual report to Congress. “To address this congressional request, our objectives are to evaluate, with respect to the CFPB’s headquarters renovation project, (1) the capital budgeting and approval process, (2) the scope and justification for cost estimates, and (3) the use of competitive procedures,” the OIG said. It expects...

The CFPB recently convened a small business review panel as per the Small Business Regulatory Enforcement Fairness Act of 1996 to discuss potential amendments to the Home Mortgage Disclosure Act, Kelly Thompson Cochran, acting assistant director for regulations at the CFPB, said in a recent blog posting. The amendments made by the Dodd-Frank Act expand the scope of information relating to mortgage applications and loans that must be compiled, maintained and reported under HMDA, including the ages of loan applicants and mortgagors, information relating to the points and fees payable at origination, and the difference between the annual percentage rate associated with the loan and benchmark rates for all loans. Other new inclusions are...