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Inside the CFPB
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Servicers Likely to Face Tougher Regulation Thanks to Botched Foreclosure Reviews

April 17, 2013
Brandon Ivey
Democrats in Congress have raised concerns about how five banks have responded to new servicing standards included in the $25 billion national servicing settlement.
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CFPB Deputy Director: Thousands of Nonbanks Will Be Subject to its Jurisdiction

April 17, 2013
Thomas Ressler
Nonbank mortgages lenders will not get a pass on CFPB scrutiny, a top regulator told a gathering of the American Bankers Association.
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Short Takes: Small Banks in Oklahoma Exit Mortgages Because of CFPB? / QM Rule Causes Fear and Loathing / Citigroup Aggressive in Jumbos / BofA Settles Countrywide MBS Case for $500 Mil / Applications Rise

April 17, 2013
Paul Muolo and Thomas Ressler
The CFPB is a tough cop on the beat, no doubt. But is the agency and its rules causing certain banks in Oklahoma to exit the residential lending sector?
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FHFA’s Two-Year HARP Extension Curbs Prospects of Menendez-Boxer Bill Passage

April 16, 2013
Charles Wisniowski
The industry is happy that the Home Affordable Refinancing Program has been extended, but it also means that 'HARP 3.0' might not come anytime soon.
Read More

CFPB Compliance Guide on ATR Rule Leaves Large Lenders Chomping at the Bit

April 16, 2013
Thomas Ressler
Banks continue to press the CFPB on their request that the agency use its exemption authority to extend the ATR rule's compliance deadline from 12 to 24 months.
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Ex-CFPB CIO Launches Compliance Venture for Third-Party Mortgage Investors

April 16, 2013
Paul Muolo
Tim Duncan, a past chief information officer for the CFPB, aims to protect third-party lenders from regulatory snafus with his new venture.
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Short Takes: Nationstar Mortgage Directors Clean Up / Flagstar Selling MSRs / Walter Wants to Keep Some Secrets / BofA’s Hit on Countrywide: $41 Billion / CFPB Deputy Director Meets the Hill

April 16, 2013
Paul Muolo and Thomas Ressler
Four non-management directors at Nationstar Mortgage earned almost $1.5 million last year. Meanwhile, it appears Flagstar is selling some of its MSRs.
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House Democrats Look to Begin GSE Reform Process

April 15, 2013
Brandon Ivey
Rep. Maxine Waters, the ranking minority member of the House Financial Services Committee, believes that now is "precisely the time to think about how we can reshape the secondary mortgage market."
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If Mark Zandi Gets the FHFA Job, GSE Reform Could Come Within Two Years

April 15, 2013
Charles Wisniowski
It appears that well known economist Mark Zandi is indeed a candidate to head the Federal Housing Finance Agency. But will the White House actually nominate him?
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Short Takes: Will Congress Glom Onto Fannie and Freddie Earnings? / Questions About Loan Officer Compensation / Former MBS Chief Pleads Guilty / Carrington Expands in Wholesale

April 15, 2013
Paul Muolo
Now that Fannie Mae and Freddie Mac are earning a ton of money, who will have a say over what happens to that cash?
Read More
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