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Inside the CFPB
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Ginnie Mae Acting President Warns: Lenders Could be Kicked out of the Program for ‘Churning’

November 30, 2017
George Brooks
For lenders that produce pools with inexplicably fast prepayment speeds, removal from the program is not out of the question, said Ginnie Mae's Michael Bright...
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With Mulvaney Confirmed as CFPB Acting Director, What Happens to English?

November 29, 2017
Thomas Ressler
There are reports that Leandra English’s effort to unseat Mulvaney has been financed by an anonymous group of donors...
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With Kittle Backing Away from Top Ginnie Job, Michael Bright May be Trump’s Pick

November 29, 2017
Paul Muolo
“Basically, David [Kittle] came to the conclusion that it just wasn’t worth the wait,” said one industry lobbyist...
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Short Takes: Watt and Treasury, is there a Deal? / GSE MBS Investors May Want More Yield / FGMC Cuts Staff / PIMCO, the Owner / Senate Banking Clears Montgomery for the FHA Job

November 29, 2017
George Brooks and Paul Muolo
Come Jan. 1, rates may spike thanks to zero GSE capital...
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Fannie/Freddie Loan Limit for 2018 Increases by 6.8 Percent to $453,100. High-Cost Limit Hits $679,650

November 28, 2017
Brandon Ivey
In high-cost areas, the GSE loan limit will increase to $679,650...
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MBA Sounds Warning on GOP Tax Plan, Says MSR Values Will Get Hammered. ‘Financial Soundness’ Impacted As Well

November 28, 2017
Paul Muolo
Deal makers that buy and sell MSR assets said the Senate tax language could transform the mortgage business, creating leverage for aggregators...
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Short Takes: Day 2, Mulvaney is Still in Charge / Waiting on Judge Kelly to Decide / Look for an Appeal / Raj Date Resurfaces, Sort of / Soros Fund Joins MBA

November 28, 2017
Paul Muolo and Thomas Ressler
Depending on the judge’s decision, the losing party will appeal…
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Judge Makes it Official: Mulvaney is the Acting Director of the CFPB; Will English Appeal?

November 28, 2017
Paul Muolo
Some legal observers believe if Trump had acted first and not hesitated in picking Mulvaney, English would never have been named by Cordray and this whole mini-crisis avoided.
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Former FHA Commissioner/Ocwen Director Galante Suggests Raising the FHA Capital Ratio

November 27, 2017
George Brooks
Galante called for stronger capital reserves that could withstand the level of economic stress of the last recession.
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Impac President William Ashmore Has Left the Building

November 27, 2017
Paul Muolo
The lender/servicer is expected to name a successor to Ashmore shortly…
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