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Home » Topics » News » Inside the CFPB

Inside the CFPB
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Short Takes: Nice Gains for GSE Shares / Sen. Bob Corker’s ‘Short’ Recommendation / Corker for FHFA Director? / Keep an Eye on GSE MF / Former Ellie Mae COO Lands at Blue Sage

September 28, 2017
Carisa Chappell and Paul Muolo
Keep in mind that Mel Watt’s term as Federal Housing Finance Agency director expires in January 2019...
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Freddie Relaxes Appraisal Policies for Trainees

September 27, 2017
Carisa Chappell
Freddie Mac: “We are also specifying that an unlicensed or trainee (or similar classification) appraiser may perform a completion report…”
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BKFS: 100,000 FHA Loans In Puerto Rico Could be at Risk

September 27, 2017
Paul Muolo
Overall, there are 500,000 mortgage properties on the island, according to Black Knight…
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In New ‘Strategic’ Report FHFA Punts on Zero Capital Issue

September 27, 2017
Paul Muolo
So far, speculation regarding a change in the GSE dividend payment has been dead wrong, but there’s still time...
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Short Takes: Trade Groups Take Aim at HUD IG Report on Nonbanks / A Pejorative Phrase for Lenders? / CFPB’s Cordray Continues to Master the Phrase ‘No Comment’ / A Gain for PRMG

September 27, 2017
Paul Muolo and Thomas Ressler
In the past, some in the mainstream media have referred to nonbank mortgage lenders as “shadow” lenders, a phrase that residential finance professionals find pejorative…
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HUD IG Throws Nonbanks Overboard in New Audit, Blames Ginnie for Inadequate Supervision

September 26, 2017
Paul Muolo
Ginnie Mae took umbrage at the IG’s findings, saying it was aware of the market share shift to nonbanks in 2012 and was already taking action…
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In Hurricane-Ravaged Areas, Ginnie Loosens Buyout Guidelines for Problem Loans

September 26, 2017
Paul Muolo
The new Ginnie Mae buyout authority expires March 31 of next year…
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Short Takes: Hurricane-Damaged MSR Deals? / FHA MF and Warehouse Lender Files to go Public / MBA Hires a Legend (Named Legend) / Nationstar Issues HECM Backed by ‘Inactive’ Collateral / Don’t Pass the Hat for Equifax’s Newly Departed CEO

September 26, 2017
Brandon Ivey and Paul Muolo
The Mortgage Bankers Association is projecting that more than 4,600 residential finance professionals will attend its annual convention in Denver next month.
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CFPB Looks to Make New HMDA Data a Little More Private

September 25, 2017
Last week, the CFPB issued new proposed policy guidance spelling out how it intends to disclose the loan-level data that financial institutions will report under the Home Mortgage Disclosure Act. The guidance would apply to HMDA data to be reported under Regulation C as of Jan. 1, 2018. The bureau intends to make this data available to the public starting in 2019. “Public disclosure of mortgage data is central to the achievement of HMDA’s goals,” the agency said. “The bureau has considered whether and how HMDA data should be modified prior to its disclosure to the public, in order to protect applicant and borrower privacy while also fulfilling HMDA’s public disclosure purposes.” First, the CFPB is proposing to exclude from ...
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The Game Continues: CFPB’s Cordray Sounds Like a Politician to Some, but Others Doubt He Will Run

September 25, 2017
Thomas Ressler
To some, CFPB Director Richard Cordray does not sound like a candidate…
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