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Financial Services Roundtable Names Former FHFA Director Ed DeMarco President of its HPC

April 12, 2017
Carisa Chappell
In June of last year, DeMarco co-authored a Milken Institute white paper entitled “Why Housing Reform Still Matters." In it, he argues: "…we need to preserve the liquidity and capacity of an active, globally financed MBS market…”
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Nationstar CEO Earned $5.36 Million, Flagstar Chief Saw a Decline in Compensation

April 12, 2017
Paul Muolo
The compensation figures for both men include salary, stock awards and other forms of income.
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Still a Better Deal: Selling ‘Conforming’ Jumbos to Fannie and Freddie. But for How Long?

April 12, 2017
Brandon Ivey
However, conforming jumbos accounted for 36.3 percent of the $1.03 billion non-agency MBS JPMorgan Chase issued in February.
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The Final Tally: ARM Originations Increased in 2016; JPMorgan Chase the Market Leader

April 12, 2017
Brandon Ivey
Wells Fargo Co. ranked third with $21.1 billion of ARM originations in 2016…
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Investment Banker Craig Phillips is Treasury's ‘Point Person’ on GSE Reform

April 11, 2017
Paul Muolo
One trade group said Phillips has already reached out to the industry, gathering opinions on key issues facing the market, including Fannie and Freddie…
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With Originations Down in 1Q17, Lenders Keep an Eye on Expenses; Some Banks Pondering FHA Again?

April 11, 2017
Paul Muolo
“There are a couple of big banks looking at FHA again,” said the consultant, but he declined to identify the shops, citing client confidentiality.
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Mortgage Brokers Lost GSE Market Share in 1Q17; Lowest Reading in Six Years

April 11, 2017
John Bancroft
A new Inside Mortgage Trends analysis reveals that the supply of mortgages originated in the wholesale-broker market fell 42.8 percent during 1Q17…
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Treasury Backs Away from Supporting Current FHFA Structure

April 11, 2017
Carisa Chappell
In a March 24 advisory, the Treasury Department announced its change of heart regarding the legal structure of the FHFA…
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Short Takes: Consumer Complaints Center on Credit Bureaus / LenderLive Completes PHH Deal / New Rez Issues Non-Agency MBS / Ben Carson’s ‘Listening Tour’ Arrives in Jacksonville, FL / Norcom Opens Denver Branch

April 11, 2017
Paul Muolo, Thomas Ressler, and Brandon Ivey
LenderLive hired a majority of the former PHH employees and rebranded the private-label facility...
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CFPB Looks to Enhance Protection of Consumer Data in HMDA Rule

April 10, 2017
More changes, or at least additional guidance, may be in the offing for the pending Home Mortgage Disclosure Act rule from the Consumer Financial Protection Bureau that is scheduled to take effect next year, agency Director Richard Cordray said last week during an appearance on Capitol Hill. During a hearing of the House Financial Services Committee, Rep. Brad Sherman, D-CA, pointed out, “Studies have shown that in some geographic areas, it is possible to determine the identity of nearly 100 percent of the borrowers using the data that lenders are required to collect and report by the Home Mortgage Disclosure Act. This is despite the fact that that act supposedly provides for anonymous data in its final form.” Sherman also ...
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