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Short Takes: What’s in a Name? / First, We Change the Name in the AP Style Book / CRL Wants FHA Changes / Fannie Tech Official Departs for Vendor

May 2, 2018
Paul Muolo and Yemeng Yang
CFPB Acting Director Mick Mulvaney: “I don’t know why we call it the CFPB; that is not the name of the organization..."
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Net Income of $8.3M for Great Ajax, REIT Looks to Acquire More RPLs

May 2, 2018
Brandon Ivey
Great Ajax’s forte is buying re-performing mortgages…
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Ocwen Posts a (Small) Profit, but Revenues Keep Heading South

May 2, 2018
Paul Muolo
Ocwen has tried to mend its ways, noting in the new report: “We have now resolved all of the state cease and desist orders (but not all of the legal actions) taken against us….”
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GSE-Eligible Loans in Non-Agency MBS Seen as More Risky…

May 2, 2018
Brandon Ivey
Due to temporary standards established by the CFPB, mortgages eligible for sale to the GSEs are treated as qualified mortgages even if they have higher debt-to-income ratios that would otherwise make them non-QMs…
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Impac’s Two $6M Men Got Their Pay Slashed in 2017

May 2, 2018
Paul Muolo
Impac has yet to disclose when it might release first quarter results.
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The GSE Reform Bust Blues: Worrying About Mel Watt’s (Potential) Successor at the FHFA

May 1, 2018
Paul Muolo
There’s been speculation that when the Trump administration picks Watt’s successor, one of the first things that person might do is impose a loan-size purchase limit on the two government-sponsored enterprises.
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Consumer Mortgage Complaints Take a Dive

May 1, 2018
Yemeng Yang
Total gripes filed during 1Q18 were down 36.3 percent from a year ago…
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Freddie CEO Don Layton Weighs in on IMAGIN Pilot Program

May 1, 2018
Carisa Chappell
Early on, research firm B. Riley FBR described IMAGIN as “an offshore structure [that] could enable a lower price.”
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Freddie Posts Strong 1Q18 Profit Thanks to G-Fee Income, Gains from Derivatives (and No More DTA Hits)

May 1, 2018
Paul Muolo
Even though the GSE posted a strong profit, it saw MBS issuance fall 37.2 percent in the first quarter...
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Short Takes: Freddie Mac Multifamily Continues to Shine, but… / UWM Rolls Out New Website / Seed Money / Nationstar Looking at a Large MSR Markup? / Mulvaney: I’m Not Running a Yelp / New Hires for Freddie, Angel Oak

May 1, 2018
Paul Muolo and Yemeng Yang
Not too long ago, UWM rolled out a $500,000 grant program designed to allow LOs to start their own loan brokerage firms...
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