Analyst Barry Habib of MBS Highway told us last week that once the yield breaks above 3.00 percent it’s only a matter of time before it hits 3.80. Just think of what that might do to the mortgage business…
The Federal Housing Finance Agency Office of Inspector General took issue with the way Fannie Mae handles potential conflicts with its senior executive officers and wants the FHFA to pay closer attention to the problem.
President Trump still needs a permanent director for the CFPB, and rumor has it that the White House is contemplating appointing someone more moderate than Acting Director Mick Mulvaney or House Financial Services Committee Chairman Jeb Hensarling, R-TX. One newcomer to the supposed short list under consideration is Jonathan Dever, a Republican state representative in the Ohio legislature and chairman of its Financial Institutions Housing and Urban Development Committee. In this capacity, he is charged with overseeing the reform of all the state’s financial institution laws, laying out an aggressive agenda of reorganizing and rewriting its foreclosure, lending, real estate, and banking statutes. Another new name being floated is that of Dan Iannicola, president and CEO of the Financial Literacy ...
CFPB Acting Director Mick Mulvaney recently brought Sen. Elizabeth Warren, D-MA, up to speed on data security at the bureau, in response to her recent inquiry that challenged his imposition of a freeze in industry data collection efforts. “I do not expect you, as an outside observer of the bureau’s activities, to be aware of the bureau’s other data security risks,” he said in reply to her earlier correspondence. “You may not know that prior to my appointment as acting director, there were 233 confirmed breaches of consumer personally identifiable information (PII) within the bureau’s consumer response system by the bureau or its contractor, and at least another 840 suspected PII breaches by financial institutions using the company portal were ...
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