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Inside the CFPB
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Pending Tax Reform has MBS Between ‘A Rock and a Hard Place’

November 16, 2017
Thomas Ressler
If substantial tax reform is enacted, it would likely lead to rising expectations about growth and inflation, leading to a selloff in rates…
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Lenders Start Your Engines: Texas Loosens Home-Equity Regulations

November 16, 2017
Brandon Ivey
The proposition revises the strict fee limits that Texas places on home-equity lines…
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Ginnie Mae President Candidate David Kittle Tells White House He Doesn’t Want the Job

November 16, 2017
Paul Muolo
Kittle was first approached by the White House nine months ago about the job.
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House Panel Passes Bill That Would Override State Usury Laws

November 16, 2017
Thomas Ressler
It remains to be seen whether the language of the bill will be incorporated into the regulatory relief package…
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Short Takes: Another Mortgage Trade Group Chief Announces Retirement / Redfin’s Mortgage Arm Growing Slowly / Annaly Executives Continue to Buy Stock / World Debt and U.S. Mortgage Debt / Resitrader’s Growth

November 16, 2017
Brandon Ivey and Paul Muolo
Annaly executives have purchased $24.3 million worth of company stock in the open market since 2011...
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Senate Panel Agrees on Multiple Mortgage Reforms As House Committee Passes Own Set of Provisions

November 16, 2017
Regulatory relief got a sudden and surprising boost on Capitol Hill early this week when the Senate Banking, Housing and Urban Affairs Committee unexpectedly passed a bipartisan package of provisions making it easier for lenders to extend mortgage credit to borrowers.
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After Months of Rumors, Cordray to Resign; For Mortgage Lenders, Enforcement is Now Key Issue

November 16, 2017
Big changes aren’t likely to take place at the Consumer Financial Protection Bureau in the after-math of Director Richard Cordray’s surprise departure at the end of this month, but industry observers expect a significant shift in enforcement and supervision when a new leader is in place.
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Watt Likely Won’t Act on Zero Capital Buffer This Year, but Consensus Forming on a GSE Bill?

November 16, 2017
Paul Muolo
Republicans are reportedly on board with the federal MBS guarantee but reluctant to backstop future guarantor entities…
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MBA Calls for Changes to FHA’s Loan Review System

November 15, 2017
George Brooks
Lenders have complained about misleading and confusing labels when self-reporting loan defects…
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The New FHA MMIF Audit is Out, and It’s Not So Hot. Kiss the MIP Cut Goodbye

November 15, 2017
Paul Muolo
“By contrast, the 2017 HECM portfolio has a negative capital ratio of 19.84 percent and a negative economic net worth of $14.5 billion,” HUD said in its summary.
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