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White House Finally Issues ‘Intent’ to Nominate Notice on Brian Montgomery for FHA Commissioner

September 13, 2017
Paul Muolo
While in the Bush White House, Montgomery assisted in HUD’s recovery and rebuilding efforts along the Gulf Coast and New Orleans following Hurricane Katrina. He is expected to play a similar role in the wake of hurricanes Harvey and Irma.
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Brian Montgomery (Finally) Picked for FHA Chief. Kittle for Ginnie Prez?

September 13, 2017
Paul Muolo
If confirmed by the Senate, it would be Montgomery’s second go at the FHA post, a position he held in the administration of George W. Bush.
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In the Wake of Hurricane Irma, ABS East Securitization Show is Still a Go for Miami Beach

September 13, 2017
Brandon Ivey
Information Management Network will contribute proceeds from the conference to aid hurricane relief efforts.
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Warehouse Commitments to Nonbanks Top $64 Billion

September 13, 2017
Paul Muolo
“A number of companies are expanding the lines they need,” said Larry Charbonneau. “I’ve been doing a number of reviews for warehouse banks lately. Volume is definitely picking up.”
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In New White Paper, MBA Takes Aim at the CFPB

September 13, 2017
Thomas Ressler
MBA believes the CFPB should concede it is bound by the guidance it issues…
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When Loan Demand is Strong, Consumers Get Bad Pricing?

September 13, 2017
Brandon Ivey
The researchers tracked lender rate sheets from 2008 through 2014…
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Short Takes: At SoFi, CEO Cagney is Out. As for the IPO… / Stock Options as an Enticement / Patenaude Nomination Could Get a Vote / Flawless TRID Implementation? / Arbolida to Manage LA Branch for Finance of America

September 13, 2017
Paul Muolo and Thomas Ressler
It’s possible that the nomination of Pam Patenaude to be the number-two at HUD could get a floor vote this week...
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On a Roll: Fourth Consecutive Monthly Gain for GSE MBS Issuance

September 12, 2017
John Bancroft
Fannie and Freddie lost some market share during the second quarter, according to preliminary figures compiled by Inside The GSEs.
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CFPB Eyeing the Equifax Mess, Forced Arbitration an Issue

September 12, 2017
Thomas Ressler
“Equifax’s credit monitoring product contains a mandatory arbitration clause that denies people their right to join together to sue the company for wrongdoing,” the bureau spokesman said.
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KBW on PHH: More Value if the Servicer Liquidates ‘Relatively Quickly’

September 12, 2017
Paul Muolo
KBW noted: “We think there likely will be more value if the company is able to liquidate relatively quickly…”
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