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CFPB Imposes Zero Civil Money Penalty for Violations, Again

December 11, 2018
Yemeng Yang
The CFPB alleged that State Farm violated the Fair Credit Reporting Act.
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Short Takes: The Six Horsemen of the GSE Apocalypse / If You Have to Ask, You’re in Trouble / G-Fees Hold Steady / Plaza Home’s New Tag Line / NAMB Giving Away Software for Free

December 11, 2018
Paul Muolo
NAMB is giving away free software...
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Banks Gain on ‘Servicing for Others,’ MSR Valuations Rise

December 10, 2018
John Bancroft
At Sept. 30, banks and thrifts serviced $3.627 trillion of residential mortgages for others…
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REIT Investments in GSE CRT Deals Could Surge

December 10, 2018
Dennis Hollier
Fannie and Freddie addressed that problem by beginning to structure CAS and STACR transactions as real estate mortgage investment conduits – which REITs can buy more freely.
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Caught in the Market’s Down-Draft: Texas Capital, the Nation’s Second Largest Warehouse Provider

December 10, 2018
Paul Muolo
The warehouse lending sector has experienced a noticeable decline in profit margins…
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New MBA President Broeksmit Toes the Party Line on GSE Reform

December 10, 2018
Paul Muolo
The MBA chief also makes it blatantly clear that he is no fan of any “recap and release” proposals for the government-sponsored enterprises either...
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Short Takes: Hope in Cash-Out Refis / loanDepot’s Refi Stats / Position Filled / Chicago-Area Lender Gets Fannie Mae Approvals / More on Calabria and the FHFA Job / Mulvaney, Mnuchin Up for the Chief of Staff Job? / Waterstone Hires Rocky (Rockwell)

December 10, 2018
Paul Muolo
Fannie Mae has approved Neighborhood Loans, Lombard, IL, as a new seller/servicer...
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Last Gasp of Housing Finance Reform: A Cancelled Hearing

December 7, 2018
Rep. Jeb Hensarling, R-TX, had planned to finish his House career with a hearing on housing-finance reform focusing on a bipartisan plan that could get new legs in the next Congress.
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Freddie to Buy Broad Range of Mortgages on Factory-Built Homes

December 7, 2018
Under a new pilot program announced last week, Freddie Mac will purchase mortgages on manufactured homes at the same low rates available for traditional site-built homes.
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GSE Roundup

December 7, 2018
Freddie Mac issues a checklist, the IG at the FHFA concludes an investigation and brokers thrive in California. [Includes one data chart.]
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