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.Read More
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...Read More
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...Read More
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?Read More
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...Read More
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…Read More
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…Read More
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.Read More
Short Takes: HUD Shows its Enforcement Stripes / Otting, the Next (Interim) FHFA Director? / Sprout Mortgage Feeds Verus Nonagency MBS / Mayer Brown Hires CMG Attorney October 22, 2018 Brandon Ivey and Paul Muolo Otting is Comptroller of the Currency. The speculation is that he will pull a Mick Mulvaney and wear two hats for a while…Read More
Aging IT Systems a Major Concern for FHA, VA and USDA October 19, 2018 George Brooks FHA is running on a 40-year old IT system…Read More
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