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Non-Agency MBS Issuers Caution Against Certain Dodd-Frank Rollbacks; They Like the Legal Protection of the ATR

March 1, 2017
Brandon Ivey
SFIG Executive Director Richard Johns suggested that instead of removing requirements for risk-retention, policymakers could provide capital relief for issuers that retain risk on their securities, rewarding “good behavior.”
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Short Takes: So, You Want to be an LO? We Can Train You / Quicken Targets Cash-out Refi Market / Can You Live on 25 Basis Points? / Key RESPA Webinar Next Week / Some History on PHH

March 1, 2017
Paul Muolo
How much do LOs working at call centers earn per deal? We heard that some shops pay as little as 15 to 25 basis points...
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Caliber Home Loans Agrees to Buy Lending, Servicing Assets from Banc of California

March 1, 2017
Paul Muolo
In late January, Steven Sugarman, who built the bank into a well-regarded regional lender, resigned as CEO.
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CFPB Exams of Nonbank Mortgage Lenders Spiked by 69 Percent Last Year

February 28, 2017
Thomas Ressler
The number of mortgage-related examinations by the CFPB declined in most areas with one glaring exception: nonbank residential originators…
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Picking up a Head of Steam: Congressional Interest in GSE Reform?

February 28, 2017
Brandon Ivey
However, GSE reform will require a bipartisan effort and already other priorities are developing…
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PHH Opposes Effort by State National Bank to Intervene in Case Against CFPB

February 28, 2017
Thomas Ressler
PHH argues the plaintiffs lack legal standing to intervene, their motion is “inexcusably untimely,” and it fails to satisfy the requirements for intervention.
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Will Dwindling Refinances Lead to Layoffs?

February 28, 2017
Paul Muolo
As one executive put it: “January was slow, February was lower, and I can’t tell how March will be yet.”
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Short Takes: Who Will Lead FHA? / Radian Says It’s News to Bazemore / Vote on Carson Nears / Will Trump Mention the GSEs?

February 28, 2017
Paul Muolo
Then again, Trump has been known to surprise people.
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Warehouse Finance Sector Coming off a Strong 2016, but Storm Clouds Hover

February 28, 2017
Paul Muolo
Challenges include higher interest rates, which are translating into lower production volume in 2017…
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Democrats, Advocates Again Ask to Intervene in PHH v. CFPB

February 27, 2017
Each of the parties that were rebuffed recently in their attempts to intervene in the controversial legal dispute between PHH Corp. and the CFPB decided they wouldn’t take “no” for an answer. Each of them again filed a motion with the U.S. District Court of Appeals for the District of Columbia Circuit seeking permission to intervene in the case, contrary to prevailing appeals court rules. Earlier this month, Democrat attorneys general from 16 states and the District of Columbia submitted a petition for rehearing en banc. Also, Sen. Sherrod Brown, D-OH, and Rep. Maxine Waters, D-CA, submitted a motion for rehearing en banc, as did a handful of public interest, consumer advocacy groups. All seek to inject themselves into the ...
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