New CFPB Chief Plans a Three-Month ‘Listening Tour’ December 12, 2018 Yemeng Yang Kraninger on the recent name change of the agency: “I care more about what the agency does than what it is called…”Read More
Cost-Benefit Analysis Likely Focus of New CFPB Leadership December 12, 2018 Yemeng Yang The annual salary for the assistant director to head the office of cost-benefit analysis is between $200,595 and $247,500. Read More
It’s LO ‘Recruiting Season’ and That Means What? December 12, 2018 Paul Muolo It stands to reason that with production declining mortgage firms might have the upper hand over their sales personnel, but it’s never that simple...Read More
It’s Official: Trump Picks GSE Critic Mark Calabria to Head the FHFA December 12, 2018 Paul Muolo The nomination had been expected for several weeks now and paves the way – quite possibly –for limitations on GSE pilot programs, loan parameters and secondary market liquidity.Read More
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...Read More
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.Read More
One GSE Shareholder Speaks Up: Calabria Will be Constrained in His Mission to Dissolve Fannie and Freddie December 11, 2018 Paul Muolo James Fenkner says Calabria will be “constrained in his mission to dissolve Fannie and Freddie.” Read More
Neuberger Berman Sources Majority of Loans for Non-QM MBS from Sprout Mortgage December 11, 2018 Brandon Ivey Based in Henderson, NV, Sprout is a correspondent lender.Read More
Retail Lost Share in Major Product Groups December 11, 2018 John Bancroft However, retail remains king of the jumbo sector…Read More
Subservicing Sector Continues to Grow at a Steady Clip as States Act as ‘Mini-CFPBs’ December 11, 2018 Paul Muolo Gordon Albrecht of FCI said he’s not surprised the subservicing sector is doing well “because of all the states that keep adding regulations.” Read More