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Inside the CFPB
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Will CFPB Chief Mulvaney Say ‘Never Mind’ on PHH Case?

February 8, 2018
Thomas Ressler
In fact, it’s possible the CFPB under Acting Director Mick Mulvaney may just say: never mind.
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Ginnie Mae Lays Down Law on VA Churning, Warns Select Group of Issuers They Face Banishment

February 8, 2018
Paul Muolo
Issuers cited by Ginnie Mae are expected to deliver a corrective action plan...
Read More

Appeals Court Sends PHH’s RESPA Case Back to the CFPB for Reconsideration

February 8, 2018
The U.S. Court of Appeals for the District of Columbia Circuit last week saved PHH Mortgage and its parent more than $100 million when it sent the lender’s dispute with the Consumer Financial Protection Bureau over issues related to the Real Estate Settlement Procedures Act back to the bureau, basically starting over.
Read More

CFPB Solicits Public Input on its Enforcement Actions, Signaling Big Changes May be Afoot

February 8, 2018
The mortgage industry has another opportunity to help usher in some potentially dramatic differences in the way the Consumer Financial Protection Bureau goes about its business in the post-Richard Cordray era.
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Mortgage Servicers Worry about Bankruptcy Provisions in CFPB Rule

February 7, 2018
Thomas Ressler
As of April 2018, mortgage servicers will have to send monthly billing statements to consumers in active bankruptcy cases…
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MBA Chairman Motley Hopeful that HUD Will Act Soon on FHA Clarifications

February 7, 2018
Paul Muolo
The trade group chief said uncertainty still exists around FHA loan level certifications…
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Short Takes: The FHFA Version of Mick Mulvaney / Political Appointees at the FHFA? / Waiting on Hensarling’s GSE Draft / A Strong Profit for Genworth / Reverse Lender Goes Forward

February 7, 2018
Paul Muolo
Rep. Hensarling, a Republican from Texas, has yet to unveil a legislative blueprint…
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Chairman of House Financial Services Subcommittee Pondering GSE Reform

February 6, 2018
Carisa Chappell and Paul Muolo
MBA’s Dave Stevens worries about what might happen to the mortgage market under a Trump-appointed FHFA director…
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House Poised to Pass Qualified-Mortgage Tweak

February 6, 2018
Thomas Ressler
However, there is no companion legislation in the Senate...
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Short Takes: What Stock Market Correction? / Bond Prices? / Fretting Over Fannie-Freddie Common / The GSE Message from Jeb and Steve / BlackRock Likes Genworth / New Penn Gets a New President / FSR Chief Pawlenty Departs

February 6, 2018
Carisa Chappell and Paul Muolo
The price of Fannie Mae and Freddie Mac common is getting smacked around...
Read More
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