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Inside the CFPB
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Trump Plan Calls for Moving USDA Housing Programs to HUD

July 5, 2018
George Brooks
Rep. Kenneth Lucas, R-KY, worried that rural communities face challenges that are far different than those faced by typical FHA or VA homebuyers…
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Short Takes: Megabank Bidding on VA IRRRLs / HUD Didn’t Fix the Mess / Blame the Dodd-Frank Reform Act / Applies to REMICs Only / JPM Remains the FHLB Advance King

July 5, 2018
Carisa Chappell and Paul Muolo
Needless to say, the VA IRRRL issue is complicated...
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Fannie Mae Servicer Seterus the Foreclosure King of California?

July 5, 2018
Paul Muolo
Seterus is owned by IBM, but the vendor doesn’t even mention the ownership link to ‘Big Blue’ in the “About Us” section of its website…
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Despite Favorable Court Rulings, Questions Remain on Marketing Services Agreements

July 3, 2018
Yemeng Yang
The RESPA statute and existing regulations still clearly prohibit payments for referrals…
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Banks Boost First-Lien Holdings in 1Q18 but a Slight Drop at Wells Fargo

July 2, 2018
Brandon Ivey
The three largest holders of first-liens are Wells Fargo, JPMorgan Chase and Bank of America…
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Mortgage Insurers Waiting on FHFA and PMIERs 2.0

July 2, 2018
Paul Muolo
Keefe Bruyette & Woods believes new PMIER rules could see the light of day shortly…
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The VA IRRRL ‘Orphan’ Loan Tally: A $500 Million Mess?

June 29, 2018
Paul Muolo
Ginnie Mae: “We are glad to work with industry participants to try to find workable solutions allowable by law.”
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Supreme Court Delivers Final Blow to Nomura, RBS MBS Lawsuits, Upholds Earlier Decision

June 29, 2018
The U.S. Supreme Court decided this week that it’s not going to hear an appeal from Royal Bank of Scotland and Nomura Holdings, which were hoping to overturn an $839 million award ruling on an old MBS suit. This puts an end to a drawn out seven-year battle between the government and the two banks.
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HUD Secretary Carson Tells Lawmakers Final Condo Rules Should be Out in September

June 29, 2018
George Brooks
HUD Secretary Ben Carson has acknowledged the importance of FHA condo rules, particularly for millennials…
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What We’re Hearing: A Lifeboat Too Small? / Non-QM Loans Performing Well, So Far / Ridiculous Housing Prices Continue / A 40 Percent Disappearance Rate? / A Recession Might Save the Day / Fannie Trouble? / Costly Borrowing for WMIH

June 29, 2018
Paul Muolo
Once risk-layering appears and LTV ratios climb, then all bets are off...
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