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Inside the CFPB
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What We’re Hearing: The ‘Hensarling Effect’ / Team Trump, Not Congress, Will Reshape the Fannie and Freddie / Timing? / Selling Servicing Rights to Unleash Revenue / Ocwen’s Head Count

November 9, 2018
Paul Muolo
The first move expected is a possible lowering of GSE loan limits...
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HUD Working on MOU to Clarify Use of False Claims Act

November 8, 2018
George Brooks
FHA is considering its Mortgagee Review Board as an alternative to the FCA in meting out penalties...
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Short Takes: A Sale Agreement but What’s the Price, Mr. Cooper? / A Material Event? / UBS Expects DOJ Action / Ellington’s New Non-QM MBS / A New Hire for Home Point

November 8, 2018
Brandon Ivey and Paul Muolo
UBS said the Department of Justice intends to file a civil complaint against the company relating to pre-crisis MBS issuance...
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NYSE Suspends Trading in Ditech, Nation’s 13th Largest Servicer

November 7, 2018
Paul Muolo
Ditech said it has no plans to appeal the NYSE’s decision.
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QM Patch Expiration Could Shift More High-DTI Loans to FHA

November 7, 2018
George Brooks
Analysts see the expiration of the QM patch as having a lesser effect on the non-agency market and a greater impact on FHA...
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Short Takes: GSE Oversight Hearing Delayed Yet Again / Coming in 2019? / Maxine Water’s GSE Reform Bill? / Bermuda Insurer Partners with Radian / Ocwen’s New Name? Maybe Newco? / PrimeLending’s New Hire

November 7, 2018
Paul Muolo
Will Rep. Maxine Waters tackle GSE reform?
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Ginnie Asks Top Servicers to Come up with ‘Liquidity Plan’

November 6, 2018
Paul Muolo
One observer with clients who received the letter, said: “This has spooked the horses.”
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Short Takes: Calabria for the FHFA Job? / Egenhoefer’s New Gig? / Ocwen’s Share Price Gets Clocked / WAMCO Prepares EC MBS / Invitation Homes’ SFR Inventory / Fast-Growing Servicers

November 6, 2018
Brandon Ivey and Paul Muolo
Among the nation’s top 20 servicers at Sept. 30, Freedom Mortgage had the largest increase its MSR balances...
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Short Takes: The Election Day Crystal Ball and the GSEs / One More Try at a GSE Bill? / Hensarling Wants to Bury the GSE Model / John Britti’s Extra Pay / A New Texas Branch for Waterstone

November 5, 2018
Paul Muolo
On Friday, long-time GSE critic Rep. Jeb Hensarling, R-TX, took one more rock to Fannie and Freddie...
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Lehman Seeks to Expand MBS Lawsuits Against Loan Originators; NY Court Rules on Accrual Clauses

November 2, 2018
The Southern District of New York Bankruptcy Court this week granted a motion by Lehman Brothers Holdings to add indemnification claims against its former brokers and loan correspondents based on the allegedly defective loans at issue in a $2.3 billion settlement with non-agency MBS trustees.
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