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Trump Aims to ‘Restructure’ the CFPB and Slash Agency Spending by 22.4 Percent

May 24, 2017
Paul Muolo
The Trump White House wants to slash the budget of the CFPB, an independent agency it has no control over...
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The MSR Market Firms Up; More Buyers; What Could Go Wrong?

May 24, 2017
Paul Muolo
Servicing advisors Steve Harris and Mark Garland view the MSR market as improving…
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MBA Chief: Don’t Leave Necessary GSE Reforms to the FHFA

May 24, 2017
Paul Muolo
MBA's Stevens once again slams those in favor of a GSE “recap and release” plan, saying this group consists “primarily [of] stock speculators who are most concerned about personal profits” rather than the future of the U.S. housing system.”
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Short Takes: ABA Wants Explicit Guaranty on MBS / Does it Matter? / Trump Wants to Kill USDA Loan Program / Rep. Hensarling an Optimist but… / A Promotion at Arch MI

May 24, 2017
Paul Muolo and Thomas Ressler
In the new Trump budget, the White House takes an ax to the USDA’s rural single-family housing direct loan program.
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Nonbank Mortgage Firms Report Dour 1Q17 Earnings

May 23, 2017
John Bancroft
PHH Mortgage continues to ooze losses as well…
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KBW Says Leave the GSE Dividend Alone, Go with More Risk-Sharing Deals

May 23, 2017
Paul Muolo
Meanwhile, although GSE risk sharing seems popular in some circles, FHFA itself admitted recently that some of this coverage has come at premium cost to Fannie and Freddie.
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Incenter Selling $2.15 Billion of GSE Servicing Rights

May 23, 2017
Paul Muolo
California accounts for the largest chunk of receivables at 34.9 percent.
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Law Professors Slam Hensarling’s CHOICE Act, Defend the CFPB

May 23, 2017
Thomas Ressler
The law professors believe the CHOICE Act would take the mortgage industry back to the recent past, which was characterized by risky lending and lax regulatory oversight.
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Appeals Court to Hear Oral Arguments Wednesday in PHH Corp. v. CFPB

May 23, 2017
Thomas Ressler
Sam Kazman, general counsel for the Competitive Enterprise Institute, says the hearing involves fundamental issues about the basic structure of our government…
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Short Takes: PHH Gets an ‘Outperform’ Rating / Woman Sentenced in Freddie Mac Fraud / A Quart of Milk with that Fannie MBS? / Title Giant Buys Auction Firm / CMC Asks for CFPB Guidance

May 23, 2017
Carisa Chappell, Paul Muolo, and Thomas Ressler
A new research note from Wedbush Securities calls PHH an “outperform,” but also reduces the target price on the company’s stock...
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