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Short Takes: BCFP, Not CFPB / At MBA, Standing Room Only for Mick Mulvaney / Annaly Readies Non-QM MBS / A Warehouse Securitization Deal for loanDepot / Cash is King

October 18, 2018
Brandon Ivey and Paul Muolo
An affiliate of Annaly Capital Management is preparing to issue a $384 million mortgage-backed security stocked with non-qualified mortgages and loans for investment properties…
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Complaints Filed with the CFPB Fell by Double Digits in 3Q18

October 17, 2018
Yemeng Yang
The three major credit reporting bureaus – Experian, Equifax and TransUnion – continued to rank first, second and third, respectively, in the number of complaints filed…
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Ginnie Mae Terminates 360 Mortgage Group from Program

October 17, 2018
Paul Muolo
As IMFnews went to press, multiple telephone messages and emails to 360 Mortgage had not been returned.
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A Slight Gain in Originations for U.S. Bank in 3Q18

October 17, 2018
Paul Muolo
Loan production increased at U.S. Bank but mortgage revenue declined…
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Short Takes: What Will Ben Carson Cut? / GSE DTI Ratios Too High? / A Woman May Head the FHFA / Nomura Settles with DOJ / Strong Earnings from MGIC / Needed: Some CFPB Guidance

October 17, 2018
Brandon Ivey, Paul Muolo, and Yemeng Yang
Budget cuts coming to HUD?
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MBA Panelists Express Grave Concerns about the Current Profit Picture

October 16, 2018
Paul Muolo
Ken Logan, managing director of warehouse finance for Wells Fargo Bank, noted that nonbanks need to know “not having cash matters.”
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Mulvaney Tells MBA: CFPB to Define ‘Abusive’ Under UDAAP; Regulation by Enforcement is Over

October 16, 2018
Yemeng Yang
CFPB chief Mick Mulvaney declared the regulation-by-enforcement approach done...
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MBS ‘Godfather’ Ranieri Agrees to Sell Servicing Company Selene

October 16, 2018
Paul Muolo
“It’s time to go,” said Ranieri...
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Short Takes: Trump’s Point Man on GSE Reform: Yank Fannie and Freddie’s Charters / New 52-Week Lows / Ginnie Issuer Gets its Ticket Pulled / Uncle Sam is Spending Too Much Money (Again) / A Name Change for Ocwen?

October 16, 2018
Paul Muolo
Meanwhile, there was chatter at the MBA convention that Ginnie Mae had just yanked the ticket of one of its MBS issuers.
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Incenter, Phoenix Capital Out with New MSR Auction Notices

October 14, 2018
Paul Muolo
IMA described the selling originator as an “independent mortgage banker with strong net worth...
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Latest Imf News

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