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State Regulators Try Again with Lawsuit Against OCC Aiming to Prevent Fintech Charters for Nonbanks

October 25, 2018
Brandon Ivey
John Ryan, president and CEO of the CSBS, compared the potential impact from the fintech charter to issues involving federal preemption of state laws in the lead up to the financial crisis.
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Private MIs Push for More Transparency in GSE Pricing, Underwriting

October 25, 2018
John Bancroft
While the FHFA has proposed a formal rulemaking on GSE capital, the current standard known as the conservatorship capital framework has not been made public…
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CFPB Considers Disparate-Impact Rulemaking That Attorneys Say Could Have Significant Impact

October 25, 2018
The Consumer Financial Protection Bureau hinted at possible future rulemaking on the use of the disparate-impact theory under the Equal Credit Opportunity Act. Attorneys said it would be a significant development in fair lending law.
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Fed’s Beige Book: Rising Demand for Mortgages? A Slowdown for Dallas

October 25, 2018
Yemeng Yang
In contrast, Dallas has seen slowing demand for real estate loans...
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Short Takes: HUD Chief on GSE Reform / Carson’s Sober Take on Interest Rates / New Rez’s MSR Bet Paying Off? / In Love with a 4 Percent Mortgage / Incenter Executive Leaves for Blue Water

October 25, 2018
Paul Muolo
HUD Secretary Ben Carson had some sobering thoughts about low interest rates...
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Ginnie Mae EVP Maren Kasper: Prepays are Still a Big Problem

October 24, 2018
Paul Muolo
A growing concern that foreign investors might avoid Ginnie MBS?
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Senate Banking Committee Hearing on GSE Pilots is Back On – Post Election

October 23, 2018
Paul Muolo
Cowen expects the next FHFA director to either terminate the GSE pilots or let them expire...
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CFPB Tweaks Ways to Convey Supervisory Findings

October 23, 2018
Yemeng Yang
In February, the CFPB issued a request for comment regarding its supervisory programs…
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Ginnie Mae to Require Servicer, Credit Ratings for Largest Issuers

October 22, 2018
George Brooks
Ginnie will soon require its largest issuers to secure servicer ratings and, in some cases, credit ratings…
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Lennar’s Mortgage Sub Settles FCA Charges with DOJ. Company Whistleblower will Receive $1.98 Million

October 22, 2018
Paul Muolo
The allegations center on loans submitted to FHA for insurance coverage from January 2006 to Dec. 31, 2011.
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