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Inside the CFPB
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Housing Finance Reform Waits for the Democrats to Show Up. (Don’t Hold Your Breath)

February 1, 2018
Paul Muolo
Bill Maloni, a retired Fannie executive who’s been tracking the reform debate for years, believes the Corker bill, if enacted as is, eventually will place the secondary market in the hands of the megabanks.
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CFPB Chief Mulvaney Continues with ‘Calls for Evidence,’ Agency Wants Input on Adjudications

February 1, 2018
Thomas Ressler
The next RFI in the series will address the bureau’s enforcement processes...
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Hensarling Wants CFPB's Mulvaney to Appeal PHH Loss to the Supreme Court

February 1, 2018
Thomas Ressler
Neither Hensarling or Waters addressed the fundamental RESPA issues involved in the case…
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Trump White House Working on a ‘Short List’ to Replace FHFA Director Mel Watt?

February 1, 2018
Paul Muolo
Calabria is a former director of financial regulation studies at the Cato Institute, a conservative think tank that would like to do away Fannie and Freddie…
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Short Takes: Mortgage Trouble at SoFi / Thin Margins / Ex-Fannie Mae Worker Indicted / Mortgage M&A in New England / A New Hire for Bay Equity Home Loans

February 1, 2018
Paul Muolo
One executive familiar with SoFi’s residential business said the company is operating on razor thin profit margins…
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CFPB Issues Request for Information on CIDs, Others to Follow as Mulvaney Shifts Agency’s Gears

February 1, 2018
Last week, the Consumer Financial Protection Bureau threw a substantial bone to mortgage lenders and servicers, issuing a formal request for information on the civil investigative demands it has used extensively, and controversially, under the leadership of its former director, Richard Cordray.
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Mortgage Servicers Spell Out Continued Concerns With Bankruptcy Provisions of CFPB Servicing Rules

February 1, 2018
The mortgage servicing rules promulgated by the Consumer Financial Protection Bureau continue to be a source of headaches for many in the industry, particularly in the context of bankruptcy proceedings. Late last week, the Consumer Mortgage Coalition wrote CFPB Acting Director Mick Mulvaney, detailing three of its primary concerns in this regard.
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A Break on RESPA

February 1, 2018
The en banc panel of the U.S. Court of Appeals for the District of Columbia Circuit ruled Wednesday in favor of PHH Mortgage in its long-running legal dispute with the Consumer Financial Protection Bureau over issues tied to the Real Estate Settlement Procedures Act.
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Corker’s GSE Bill Raises a Host of Questions. Five or Six MBS Guarantors Need to be Up and Running For it to Work

January 31, 2018
Paul Muolo
The FHFA would be tasked with maximizing profits on any asset sales by Fannie and Freddie, according to the Corker bill…
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Widespread Support for HFSC Portfolio QM Bill

January 31, 2018
Brandon Ivey
However, at the markup, the bill was amended to limit the types of mortgages that will receive QM status.
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