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Short Takes: CFPB Chief Reveals Coming ‘Guidance’ on TRID / Why Jeb Doesn’t Love the CFPB / MSAs a Big Deal, Says Cordray / LOS Vendor Having TRID Problems? / JPM Still a Ginnie Player

September 29, 2015
Paul Muolo and Thomas Ressler
The Texas Republican blamed the CFPB and DFA for raising prices and “cutting off" access to mortgages…
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HMDA Data: 2014 Origination Volume Stronger Than Previously Thought

September 28, 2015
John Bancroft
Last year, loan production turned out better than many anticipated...
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On the Rise: Subservicing Contracts – Thanks to the CFPB?

September 28, 2015
Paul Muolo
While nonbanks have taken a much bigger share of the servicing market, the top-ranked subservicer is Cenlar, a New Jersey-based savings bank.
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Bank Mortgage Sales Up Sharply in 2Q; But How Much is Left in the Tank?

September 28, 2015
John Bancroft
Through the first half of 2015, banks and thrifts sold $364.35 billion of home loans, up 37.8 percent from the same period last year.
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NH Congressional Delegation Unified in Effort to Delay TRID Enforcement

September 28, 2015
Thomas Ressler
One industry observer saw the development as indicative of growing nervousness that the CFPB may be putting its Democrat allies on Capitol Hill in an awkward position...
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Rushmore Talking to Canadian Pension Fund?

September 28, 2015
Paul Muolo
Rushmore is licensed in all 50 states, Washington DC, and Puerto Rico. It has offices in Irvine, Dallas and San Juan, PR, where it services roughly $1 billion in assets...
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CFPB’s Peggy Twohig Warns About a Plethora of Servicing Violations

September 28, 2015
Thomas Ressler
“We’ve found all kinds of different violations,” said CFPB Assistant Director for Supervision Policy Peggy Twohig.
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GSE Activity by State: 6M15

September 28, 2015
Data detailing the volume of GSE mortgages by state.
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Trade Group Presses Congress to Develop Action Plan on GSE Reform

September 28, 2015
Paul Muolo
The CHLA suggests, among other things, that the U.S. Treasury stop sweeping all GSE profits and instead put that money in a capitalization reserve account...
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Short Takes: Trade Groups Try to Exert Pressure on the FHFA / No Word from the Regulator / Ocwen Catches a Ratings Break / MountainView Ready to Assess Whole-Loan Bids

September 28, 2015
Paul Muolo
Standard & Poor’s has removed Ocwen Financial form its “CreditWatch” list.
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