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A Big Win for PHH: Court of Appeals Vacates $109M CFPB Fine in RESPA Case. Judge Questions CFPB’s Unchecked Power

October 11, 2016
Paul Muolo
The judge in the case suggests that the CFPB director has more unchecked power than anyone in government with the exception of President Obama.
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Search Firm Approached Former Freddie Mac Executive About the Radian CEO Job

October 11, 2016
Paul Muolo
The search for a successor to S.A. Ibrahim is well underway…
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Short Takes: Investors Shrug at PHH Court Victory? / Life Will Go on at the CFPB… / Compass Point Says ‘Sell’ JPM / FBR Drops Coverage on USB, Three Others / New Hire for Starkey Mortgage

October 11, 2016
Paul Muolo
No huge gains for PHH's share price...
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Court of Appeals Rules CFPB is ‘Unconstitutionally Structured.’ But Agency’s ‘Ongoing Operations’ Will Not be Affected

October 11, 2016
Paul Muolo
CFPB critics may want to hold off on doing any celebrating...
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Left on the Table by ‘Big Blue’: Promontory MortgagePath and Promontory Interfinancial

October 10, 2016
Paul Muolo
One mortgage insurance official who used Promontory Financial Group in the past described the firm’s work as “excellent,” but noted: “They don’t come cheap.”
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Ginnie Mae Crushed Single-Family MBS Issuance Records in 3Q16

October 10, 2016
John Bancroft
The agency issued a whopping $145.14 billion of single-family MBS during 3Q16…
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BLS: Mortgage Brokerage Jobs Up, Mortgage Banking Jobs Down

October 10, 2016
Paul Muolo
The hiring picture looks bright for now – at least for mortgage brokerage firms…
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Short Takes: Wells Fargo, Still the Number One Ginnie Issuer … for Now / Who Will Replace Ibrahim at Radian? / Clayton in the News / The GSE Net Worth Sweep: What did President Obama Know?

October 10, 2016
Paul Muolo
Who will succeed S.A. Ibrahim at Radian? We've heard two names...
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Securitization Market Revved Up in 3Q16, Reaching Three-Year High

October 7, 2016
John Bancroft
Single-family MBS issuance jumped 25.7 percent during the third quarter to $440.77 billion…
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Want ‘Cure’ Provisions in TRID? You’d Better Ask Congress

October 7, 2016
Thomas Ressler
In its proposed rulemaking, the CFPB clearly indicated it was not going to re-open the substance of the rule and address what it considered policy issues…
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