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If Biden Wins, Look for CFPB Director Kraninger to Exit

October 8, 2020
Yemeng Yang
A Biden victory could have immediate ramifications for the CFPB. What’s in the cards: a change in leadership and more enforcement activity.
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Loan Originations: Few Signs of a Boom Abating

October 1, 2020
Paul Muolo
If you thought the second quarter was a barn burner for loan production, just wait until you see the results for the third quarter. Across the board, executives are predicting stellar results.
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CSBS Moves Ahead with Nonbank Servicing Standards

October 1, 2020
Brandon Ivey
Years in the making, the CSBS late this week finally unveiled its proposal on regulatory standards for nonbank servicers. Trouble ahead?
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FSOC Endorsement of Capital Rule Raises Eyebrows

October 1, 2020
Dennis Hollier
If the Financial Stability Oversight Council gets its way, GSE capital standards will be tighter than what many in the industry want. Is that a problem? Opinions vary.
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Calabria’s ‘Worst Corporate Culture’ Remark Sets Tongues Wagging

October 1, 2020
Dennis Hollier
Eric Kaplan of the Milken Institute said the best possible explanation for the FHFA director’s remark is he thinks the GSEs may still have some of that profit-at-any-cost mentality that got them into trouble a decade ago.
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Grapevine: GOS Dreams / Fannie, Freddie Earnings?

October 1, 2020
Paul Muolo
Mortgage origination profits haven’t been this good in decades. Gain-on-sale margins of 600 bps on government loans? At some shops, yes.
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FHFA OIG Finds Use of eMortgages Up Sharply During Pandemic

September 25, 2020
Dennis Hollier
The volume of eMortgages purchased by Fannie and Freddie has grown more than fourfold since 2018, but it’s still a tiny fraction of their single-family business.
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Three Amicus Curiae Briefs Filed in Collins v. Mnuchin

September 24, 2020
Dennis Hollier
After a mixed decision in the Fifth Circuit, it’s not clear how the SCOTUS will rule — especially with the death of Justice Ruth Bader Ginsburg last week. Oral arguments are scheduled for Dec. 9.
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Warehouse Bankers Pine for a Lower Risk Weighting

September 17, 2020
Paul Muolo
Even though market conditions are absolutely terrific, warehouse lenders are asking for regulatory relief on their credits. The Federal Reserve is listening, but will it swallow?
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CDC’s Eviction Moratorium Already Faces First Lawsuit

September 17, 2020
Dennis Hollier
Less than a week after it went into effect, the Centers for Disease Control and Prevention’s controversial eviction moratorium is facing a legal challenge from a landlord of a small mortgaged property.
Read More
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