Kraninger Kicks the BCFP Name to the Curb, Though Not Entirely December 20, 2018 Yemeng Yang Kathy Kraninger: “In other words, we have a legal name but will be using our colloquial name and the branded acronym ‘CFPB.’”Read More
Mortgage Debt Outstanding Approaching Pre-Crash High Set Back in March 2008 December 20, 2018 John Bancroft Banks, savings institutions and credit unions held a combined $3.005 trillion of unsecuritizedsingle-family mortgages in portfolio as of Sept. 30…Read More
EC Lender Angel Oak Gets High Marks in New Report from DBRS December 20, 2018 Brandon Ivey Angel Oak is the nation’s third largest expanded-credit lender…Read More
Short Takes: Do GSE Servicers Need to Worry About Liquidity? / MF Cap Set at $35 Billion / New American Buys Minnesota Lender / Humble Beginnings / Kraninger Will Keep the CFPB Name / BoNY Mellon to Enter Non-Agency Market as Master Servicer December 19, 2018 Paul Muolo and Brandon Ivey Liquidity means access to cash – and is a chief concern of Ginnie Mae acting president Michael Bright as well…Read More
FHA Drops Warranty Requirements for New Single-Family Construction December 19, 2018 George Brooks FHA says positive trends in the housing sector have weakened the need for the multi-year warranty. Read More
PRMI President and CEO Dave Zitting to Depart After Selling His Stake in the Lender December 19, 2018 Paul Muolo Founded 20 years ago, PRMI is a retail-only lender that funded $3.7 billion through the first nine months of 2018…Read More
Adverse Ruling in Closely Watched Case Could Increase Servicer Liability December 19, 2018 George Brooks The Tenth Circuit found the FDCPA’s plain language to be controlling…Read More
Ditech Decides Not to Make Scheduled Debt Payment. Meaning? December 19, 2018 Paul Muolo Ditech's shares now trade for just six cents apiece... Read More
Short Takes: Freddie Mac’s New CEO? / Jeb’s Last Stand? Maybe Not / A ‘Comical’ Situation / A Low Grade for Hensarling? / Fannie’s New Chairman December 18, 2018 Paul Muolo As one veteran industry lobbyist explained with a hint of ire: “You’re telling me that a bunch of lame duck Congressmen who lost an election are going to show up on the Friday before Christmas?”Read More
Speculation Centers on Clinton Jones for FHA Commissioner December 18, 2018 Paul Muolo Clinton Jones has worked for the HFSC since February 2013. From 2007 to 2008 he was a registered lobbyist for Fannie Mae.Read More
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