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Watt’s Accuser Sues FHFA, Wants $1 Million in Damages for Pay Discrimination

August 22, 2018
Paul Muolo
Grimes, in her complaint, is asking for a permanent injunction enjoining the FHFA from “paying female employees lower compensation than their male” counterparts for performing equal work…
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FHFA Pulls the Plug on Fannie and Freddie Funding Corporate SFR

August 22, 2018
Carisa Chappell
Fannie Mae came under heavy criticism from certain elected officials and affordable housing advocates for extending $1 billion in financing to Invitation Home Loans, an SFR operator that’s publicly traded.
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Subservicing Growth Continues to Slow. M&A Ahead?

August 22, 2018
Paul Muolo
Cenlar and Dovenmuehle, which rank first and second, respectively, experienced slow growth during the period…
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Watt’s Accuser Sues FHFA, Alleges Pay Discrimination, Wants $1 Million in Damages

August 21, 2018
Paul Muolo
When bonuses and benefits are factored in, Grimes says the pay disparity totals $100,000 per year...
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Short Takes: Broeksmit Takes Over as MBA Chief / His Resume / Cowen: Bright, a Plus for Housing / A Possible Successor to Watt at the FHFA? / Churchill Mortgage Executive Named to CMLA’s Board

August 21, 2018
Paul Muolo
Bright has been mentioned in housing and mortgage circles as a possible successor to FHFA Director Mel Watt.
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Cal Realtors Ask FHFA for Immediate Halt to GSE Financing of SFR

August 21, 2018
Paul Muolo
Certain SFR operators have been criticized for gobbling up thousands of properties for corporate ownership, thus removing these units from the inventory of homes available for sale.
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Washington State Tightens Servicing Rules. More States to Follow

August 21, 2018
Yemeng Yang
In Washington mortgage servicers must now maintain recorded telephone conversations with consumers for three years after the date of the call…
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Other News in Brief: HMDA Verification Tool; Mulvaney's Job Addresses; CFPB Reform

August 20, 2018
CFPB Announces HMDA File Format Verification Tool and New 2017 Dataset. The CFPB earlier this month released the 2018 File Format Verification Tool (FFVT) which tests whether HMDA reporters’ files meet certain formatting requirements needed to submit data to the HMDA platform. Specifically, the FFVT will test whether the file is pipe-delimited, has the proper number of data fields, and has data fields formatting as integers, where necessary ... [Includes three briefs]
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Fix-and-Flip Loan Market Continues to Hum Along

August 20, 2018
Paul Muolo
CALCAP is looking to expand into the Texas market…
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Declining Refis Take a Bite Out of Fannie/Freddie Business

August 20, 2018
John Bancroft
Most of the month-to-month slump was at Freddie, where MBS production fell 8.9 percent from June.
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Latest Imf News

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