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Inside the CFPB
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The Ocwen Legal Settlement Tally: 25 Down, Five to Go

December 28, 2017
Brandon Ivey
Ocwen’s stock price peaked earlier in the decade at roughly $60.00 a share…
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Short Takes: The Most Profitable Company in America (Per Employee) is Fannie Mae / What About Ginnie? / Coming in January: A New FHA Commissioner / What’s the Hold Up? Answer: Sen. Warren

December 28, 2017
Paul Muolo
The ranking was determined by dividing a company’s profit over the last financial year by the number of employees…
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CFPB Releases HMDA Tools Aimed at Data Accuracy and Rate-Spread Calculations

December 27, 2017
Brandon Ivey
The federal regulator released a check digit tool and a rate-spread calculator.
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Short Takes: Homes Prices Still Increasing / A Slowdown Expected / Flagstar Takes Hit from Tax Bill / Proceeds from FCA Cases Decline

December 27, 2017
Brandon Ivey
Nationally, home prices increased by 6.48 percent in October compared with a year ago, according to Black Knight.
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CFPB Policy on New HMDA Data Collection Brings Relief and Uncertainty

December 26, 2017
Brandon Ivey
“While this flexible approach is generally beneficial for lenders and consumers, it does produce some uncertainty over what will be considered ‘good faith’ or ‘material,’” according to attorneys at the law firm of Buckley Sandler.
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Short Takes: FHA Operations Funded / CFPB to 'Reconsider' HMDA Elements / GSEs Set to Take DTA Charges / Tax Bill's Impact on Home Sales

December 26, 2017
Brandon Ivey
A new spending bill approved by Congress extended federal funding through Jan. 19.
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GAO Asks Congress to Specify Conditions MMIF Can Survive

December 22, 2017
The Government Accountability Office, in a new report, urged Congress to specify the economic conditions it believes the FHA mortgage insurance fund can withstand without supplemental funds.
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Court Raises Lenders’ Chances of Surviving a False Claims Act Suit

December 22, 2017
Mortgage lenders and servicers chalked up a win following a federal appeals court decision that would make it harder for the government and whistleblowers to pursue a claim under the False Claims Act.
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Notwithstanding Efforts to Resolve FCA Issue, Lenders Remain at Risk

December 22, 2017
Lenders continue to be hit with steep False Claims Act penalties despite assurances by Housing and Urban Development Secretary Ben Carson that he would address the FCA issue.
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VA Places Qualified Mortgage Rule, Allowable Fees on Its 2018 Agenda

December 22, 2017
The Department of Housing and Urban Affairs plans to act on two new rules in 2018 relating to allowable fees and charges on VA loans as well as the type of loans that are “qualified mortgages.”
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