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Another Industry Group Calls for Delay in New HMDA Requirements

December 14, 2017
Thomas Ressler
Certain originators and their vendors have expressed the need for more time to test systems and accurately implement the proposed changes…
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Short Takes: Keeping Tabs on GSE Dividends / The GOP Tax Plan and DTAs / Good News for ‘Conforming’ Jumbos? / LendingTree Getting Frothy? / First Republic Bank Stands Out in Second Liens

December 14, 2017
Brandon Ivey and Paul Muolo
The share price of online loan broker LendingTree is looking a bit pricey these days at $337.80 a unit...
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CFPB’s English Files for Preliminary Injunction as Acting Head Mulvaney Pulls Back on Enforcement

December 14, 2017
There was plenty of activity at the Consumer Financial Protection Bureau over the last week, from continuing legal drama over the leadership of the agency to changes in enforcement activity and a possible regulatory roll-back.
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Lenders Face Uncertainty on Whether Underwriters are Eligible for Overtime Pay After SCOTUS Ducks the Issue

December 14, 2017
The Supreme Court of the United States recently refused to take up a case that would have ad-dressed a split in the lower courts regarding mortgage underwriters and overtime. With conflicting cir-cuit court opinions on the matter, lenders face regulatory uncertainty about whether underwriters are entitled to overtime.
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MBA Chief Dave Stevens: The GSE Capital Buffer is a Distraction

December 14, 2017
Paul Muolo
The CHLA repeated its plea that FHFA Director Mel Watt withhold GSE dividend payments to Treasury and allow Fannie and Freddie to build capital…
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Looks Like the MID Cap will be $750K as Conference Committee Wraps up Work on GOP Tax Reform

December 13, 2017
Brandon Ivey
The way things stand today, the tax bill could be on track for final approval as soon as next week.
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Legal Briefs in CFPB ‘Acting’ Director Dispute Keep Piling Up

December 13, 2017
Thomas Ressler
CUNA believes that legal arguments advanced by plaintiff Leandra English are nonsensical and unconstitutional.
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Short Takes: GSE Dividend Payments: All Systems Go? / Cutting GSE Shareholders out of the Equation? / Wintrust Buying Mortgage Assets from VA Lender / UWM and MC Strike Deal / Chase Exec Bolts for Hamilton

December 13, 2017
Paul Muolo
In a new blog posting, Investors Unite asks the basic question: “Are Fannie’s and Freddie’s foes driving GSE reform?”
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Senate Vote on FHA Nominee Could Come Before Yearend

December 12, 2017
George Brooks
If Montgomery garners final approval, HUD Secretary Ben Carson will begin tackling key issues, including finalizing new condominium rules, dealing with reverse mortgage losses and more…
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Short Takes: Casey (Crawford) Sacked by Mortgage Regulators in California / The California Wild Fires and Mortgages / MBA Hires Spencer Stuart for CEO Search / Dems File Amicus Brief in CFPB Case

December 12, 2017
Paul Muolo and Thomas Ressler
Moral of the story: If you're going to service loans in California, you better have a license...
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