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Home » Topics » Inside Mortgage Finance » Legislation

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CFPB Constitutionality Battle May Disrupt Mortgage Industry

January 2, 2020
Yemeng Yang
Some trade groups urged the Supreme Court to pursue a narrow remedy if the CFPB’s structure is found unconstitutional, in order to prevent market disruption.
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Senate Democrats Buttonhole Calabria and Mnuchin

December 19, 2019
Dennis Hollier
Senate Banking Committee members are seeking more information on the administration’s plan to release the GSEs from conservatorship.
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Mortgage Grapevine: If Only He Had Waited to Sell

November 21, 2019
Paul Muolo
The founder of PennyMac has been selling shares in the company. But after he did, the stock price climbed even higher.
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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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Calabria: Willing to Wipe Out GSE Shareholders If Needed

October 24, 2019
Dennis Hollier
FHFA Director Mark Calabria said he would be willing to wipe out Fannie Mae and Freddie Mac shareholders if needed to ensure taxpayers don’t have to bail out the mortgage giants again.
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What SCOTUS Review of CFPB Case Means for FHFA

October 24, 2019
Dennis Hollier
According to analyst Jaret Seiberg, the risks posed by the Supreme Court’s decision explains why FHFA is considering releasing Fannie and Freddie from conservatorship via a consent decree.
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CFPB Constitutionality Case Not on SCOTUS Review List

October 17, 2019
Yemeng Yang
A case challenging the consumer watchdog’s constitutionality was not listed for SCOTUS review on Tuesday. Meaning?
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Mortgage Grapevine: Robust Pipelines Continue / A Hint of M&A Activity

October 10, 2019
Paul Muolo
Origination pipelines remain full and lenders, for the most part, are feeling optimistic about profits. Can it last? Probably, as long as rates remain low.
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CFPB Says Its Structure Is Unconstitutional

September 26, 2019
Yemeng Yang
In another about-face, the Consumer Financial Protection Bureau now agrees that its single-director leadership structure is unconstitutional.
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Will Mortgage-Related House Bills Muster Senate Support?

September 26, 2019
George Brooks
The House of Representatives last week passed a number of mortgage-related bills. But the question remains: will they pass the Senate?
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