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Inside the CFPB
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Short Takes: HUD Nominee Carson Says he will ‘Review ‘the MIP Cut / Why Banks Avoid the FHA Program / HUD’s Budget: $45 Billion / Investor Cuts Stake in Annaly / CPR&T Downgrades Ocwen

January 12, 2017
Brandon Ivey and Paul Muolo
CPR&T predicted that the asset value of Ocwen’s mortgage servicing portfolio likely won’t benefit much from the recent spike in interest rates…
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A Different Type of Mortgage Fraud: ‘Reverse-Occupancy’ Scams Involving FTHBs

January 12, 2017
Brandon Ivey
Borrowers completing reverse-occupancy fraud aim to qualify for a mortgage with help from the theoretical rental income from the so-called investment property…
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Short Takes: To Fire Cordray, or Not to Fire Cordray, That is the Question / Just Run for Governor / Dr. Carson’s Advisors Include… / Quicken’s Gilbert: DOJ is ‘Out of Control’

January 11, 2017
Paul Muolo and Thomas Ressler
Cordray, of course, could just nip this in the bud right now, resign and start his run for governor of Ohio…
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Treasury Nominee Mnuchin Owns a Stake in Fannie & Freddie (Indirectly)

January 11, 2017
Paul Muolo
According to his financial disclosure form, Mnuchin lists the value of his Advantage stake at $500,001 to $1 million.
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HSBC Hit with $33 Million Fine Over Flawed Foreclosures

January 10, 2017
Thomas Ressler
As part of the settlement, the OCC lifted certain business restrictions that had been placed on HSBC…
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Non-QM Originator LendSure Lays Out its Plan for Growth

January 10, 2017
Brandon Ivey
LendSure is licensed in 12 states, with approvals pending in seven more…
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Short Takes: Gain-on-Sale Let-down? / About Those MSR ‘Marks’... / Ocwen Attorney Joins Philly Law Firm / Go with the ‘Waterfall’ / Vegas-Based Lender Hires Sales Chief

January 10, 2017
Brandon Ivey and Paul Muolo
As gain-on-sale margins decline, MSR marks will rise...
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HUD Makes It Official: Annual MIP Will be Cut by 25 BP on Jan. 27

January 9, 2017
Paul Muolo
The change – whose likelihood was first reported by Inside Mortgage Finance last Thursday – affects new loans with a closing/disbursement date of Jan. 27, 2017.
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Tozer on Ginnie Mae MBS Demand: ‘I Wish I Could Make More’ [Securities]

January 9, 2017
Paul Muolo
Presently, Japan is the volume leader in Ginnie ownership at roughly $204 billion…
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HUD Trims FHA MIP by 25 BPs. But Can (and Will) Trump Block It?

January 9, 2017
Paul Muolo
Why the change of heart? For most of last year, HUD and FHA officials nixed the idea of cutting the premium…
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