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Inside the CFPB
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As Ginnie’s Book of Business Grows Even Larger, Agency Moves to Ensure Issuer Liquidity

June 22, 2018
George Brooks
The possibility of issuer failure is a continuing concern at Ginnie Mae…
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New York Judge Rules CFPB’s Structure Unconstitutional

June 22, 2018
Yemeng Yang
The new ruling raises the likelihood that the Supreme Court might take up the issue in the future.
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Jumbo Demand Steady After Tax Reform

June 22, 2018
Brandon Ivey
“We didn’t observe any meaningful change in purchase loan application trends compared to earlier years,” said Archana Pradhan of CoreLogic.
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What We’re Hearing: Mick Mulvaney, Conservative? / A GSE Starting Point? / Mortgage and Big Tech. Can it Work? / Amazon v. Quicken – is Dan Gilbert Ready? / Movement Mortgage? / LenderLive Hires an Advisor / New Hires for Ditech

June 22, 2018
Paul Muolo
One former loanDepot official had this to say about the rumor: “It makes sense. loanDepot has plenty of loan officers handling inbound leads. Amazon could create a ton more and compete with Quicken….”
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Conservatives Rallying Against the CFPB Nominee?

June 21, 2018
Yemeng Yang
Law professor J.W. Verret on Kathy Kraninger: “She doesn’t have experience with financial markets…”
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Trump’s CFPB Nominee Takes Flak But Resets the Clock for Mulvaney

June 21, 2018
President Trump this week nominated a little-known White House budget official to run the Consumer Financial Protection Bureau, effectively allowing Mick Mulvaney to stay as the agency’s acting director, possibly until 2020.
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Novel Fair Housing Cases Brought by Cities Against Lenders Move Forward After Supreme Court Ruling

June 21, 2018
Lawsuits brought by cities with allegations of violations of the Fair Housing Act (FHAct) by lenders are continuing after a decision by the U.S. Supreme Court with a mixed message for lenders.
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Short Takes: Sounds Logical, Right? / Warning: More Mortgage M&A Ahead / Fannie Warns about Cost-Cutting / Ginnie Wants to Know… / loanDepot Gets a Chief Innovation Officer / FannieMae.com

June 21, 2018
Paul Muolo
When it comes to counter-party risk, Ginnie Mae isn't messing around...
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Cowen: FHFA Chief Watt Won’t Act on a Capital Restoration Plan for the GSEs. However, Team Trump Might

June 20, 2018
Paul Muolo
But Cowen also offers up a ray of hope to GSE “recap and release” backers…
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Short Takes: Wholesale Profit Margins Under Pressure Too? / Commercial Bank Seeks MB / A New IO MBS from JPM / An Update on Ex-FGMC CEO Peters / New Hires for Two Harbors, Walker & Dunlop

June 20, 2018
Brandon Ivey and Paul Muolo
All of the loans in the new JPM deal were originated by First Republic Bank, with seasoning of seven years...
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