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Inside the CFPB
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New CFPB Acting Director Mulvaney Moves Quickly to Intervene in Legal Case

December 7, 2017
Thomas Ressler
Attorney Alan Kaplinsky said the new filing “may be an indicator of the enforcement philosophy of Mick Mulvaney… and how that philosophy may impact future CFPB enforcement activity.”
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If Rep. Hensarling Gets His Way, GSE Shareholders Would be Wiped Out

December 7, 2017
Paul Muolo
If the Texas Republican gets his way, investment firms including Pershing Square and Fairholme Funds stand to lose the millions of dollars…
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Walter’s New CFO, a Former JPM Executive, Could Earn Almost $1 Million Next Year

December 7, 2017
Paul Muolo
Lombardo joins Walter, the parent of Ditech Financial, from the community banking division of JPMorgan Chase.
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Ginnie Mae Issues New Rules to Stem Loan Churning

December 7, 2017
Paul Muolo
Acting Ginnie Mae President Michael Bright also issued a warning that expulsion from the program for “lenders who produce pools with inexplicably fast prepayment speeds” was a distinct possibility.
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Short Takes: Not Happy with Jeb’s GSE Comments / Lame Duck or Not… / White House Leaning Toward Michael Bright / Granite Ramps Up Commercial Commitments / Dart Hires Finance VP

December 7, 2017
Paul Muolo
It's only a matter of time before the White House officially nominates acting Ginnie Mae president Michael Bright to be the permanent head of the agency...
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CFPB Seems to Shift in Mortgage Enforcement Case, Judge is Set to Further Consider English Challenge

December 7, 2017
Under new management, the Consumer Financial Protection Bureau this week took action that may be a harbinger of a more laissez-faire approach to regulatory enforcement.
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Senate Banking Committee Advances Regulatory Relief Package With Substantive Mortgage Reforms

December 7, 2017
Despite industry worries that the struggle over the leadership of the Consumer Financial Protec-tion Bureau might derail congressional efforts to enact regulatory relief legislation, the Senate Banking, Housing and Urban Affairs Committee did just that this week, with 16 ayes prevailing over seven nays.
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Guaranteed Rate Initiates Lawsuit Against Former Mortgage Lending SVP for Talent Raid

December 7, 2017
Guaranteed Rate is accusing a former top executive of raiding talent at the Chicago-based firm by planning a mass exodus of key employees for a newly launched competitor across town. But Joseph Caltabiano, the company’s former senior vice president of mortgage lending, denies the allegations.
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Senate Banking Committee Advances Reg Relief Bill With Substantial Mortgage Reform

December 6, 2017
Thomas Ressler
Can it be? A bi-partisan reg relief measure that helps the mortgage industry?
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Short Takes: DoubleLine Eyeing Non-QM Sector / Connecticut Lender Attempts ‘12 in 12’ / Sen. Warren Worries about OMB Staffers Embedded at CFPB / English Gets to Keep Her Regular Job, for Now / A Promotion at LoanLogics

December 6, 2017
Paul Muolo and Thomas Ressler
Sen. Elizabeth Warren wants a complete list of OMB staffers who have been detailed to the CFPB by Mulvaney...
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