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State Regulators Closing in on Setting Nonbank Capital Rules

November 21, 2019
Brandon Ivey
State regulators plan to issue capital requirements for nonbank lenders and servicers. There hasn’t been much movement on 2015 proposals.
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Pennsylvania Fines SoFi Over Mortgage Servicer License

November 14, 2019
Yemeng Yang
Pennsylvania regulators hit nonbanks with fines for servicing mortgages in the state without a license.
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Fannie and Freddie Clearing the Decks for Eventual Stock Offering?

November 14, 2019
Paul Muolo
One of these days, the two mortgage giants will commence with a new stock offering. Right? The market seems to be betting on the fact, as are the government-sponsored enterprises.
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MISMO Releases Consent Language for Tax Transcripts

November 14, 2019
George Brooks
The standards development body has issued guidance on how to obtain tax-payer authorization to comply with the Taxpayers First Act.
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Optimism Abounds at the MBA Annual. However…

November 7, 2019
Dennis Hollier
The industry’s mood at the Mortgage Bankers Association’s annual conference last week seemed optimistic. But global uncertainty with China and trade, and Brexit could cut the good times short.
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Mortgage Grapevine: Profits for LendingTree, Losses for Ocwen

November 7, 2019
Paul Muolo
Loan broker LendingTree continues to earn a profit while net earnings at Ocwen Financial remain elusive.
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Analysis: Maybe Treasury Should Settle with the GSE Plaintiffs

October 31, 2019
Paul Muolo
As the GSE recap-and-release avalanche continues, there’s increasing chatter in the market that Treasury is open to a legal settlement with Fannie/Freddie shareholders. A crazy idea? Maybe not.
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CFPB Fair Lending Exams Will Not Lead to Enforcement

October 31, 2019
Yemeng Yang
The CFPB has moved to supervision in addressing fair lending violations. But lenders/servicers shouldn’t be too relaxed, attorneys warn.
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Calabria Says Any New QM Rule Must Be Applicable to All

October 31, 2019
Brandon Ivey
FHFA Director Mark Calabria said any revised qualified mortgage rule introduced by the CFPB should be applicable to all lenders. Industry participants are unsure how the regulator will address the issue.
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More Stress Tests Await Next-Tier Ginnie Issuers

October 24, 2019
Paul Muolo
Stress testing issuers isn’t confined to just the largest players in the Ginnie market. The agency plans to look at lower-ranked firms as well.
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