CFPB Issues New Exam Procedures for Reverse Mortgage Servicing December 7, 2016 George Brooks CFPB examiners will review a sample of servicing records for loans transferred within the previous year…Read More
Short Takes: Post-Crisis Non-Agency MBS Gets AAA Rating / Refi Specialists Might as Well Call it a Day? / An IPO for Invitation Homes / Ben Carson in a Museum / FICO Readings on FHA and VA December 7, 2016 George Brooks, Brandon Ivey, and Paul Muolo Refi specialists could be in for a word of hurt...Read More
Short Takes: Bulk Servicing Auctions? / Rates May Fall / Congrats to Dr. Carson on Landing the HUD Job, Though Not From All / The Listener? / Ocwen Debt Exchange December 6, 2016 Paul Muolo The bulk servicing market has been quiet lately. But all that could change soon...Read More
Fair Housing Group Alleges Racial Bias in Fannie Foreclosure Upkeep December 6, 2016 Carisa Chappell Fannie Mae added: “Through these actions we have demonstrated our continued dedication to providing quality care to all communities. And we remain firmly committed to continuing to provide such attention to our REO properties moving forward.” Read More
Short Takes: What Goes Up, Must Come Down (GSE Share Prices) / An ‘Underperform’ Rating / Buy Low, Sell High Accomplished / Urban Revitalization, a HUD Goal for Ben Carson? / New Hires for Alterra Home Loans December 5, 2016 Paul Muolo We know one mortgage official who bought “a bunch” of Fannie Mae shares at $1.38...Read More
Trump Nominates Dr. Carson for HUD Secretary; Speculation Begins on FHA Premium Cuts December 5, 2016 Cowen adds the nomination “also leaves the door open to FHA premium cuts, though the real driver of that will be the pick of an FHA commissioner.”Read More
Now that the HUD Job is Settled, Speculation Begins on Trump’s Pick for FHA Commissioner December 5, 2016 Paul Muolo Cowen adds the nomination “also leaves the door open to FHA premium cuts, though the real driver of that will be the pick of an FHA commissioner.”Read More
SFIG Proposes Standards for ABS from Marketplace Lenders December 5, 2016 Brandon Ivey SFIG’s Marketplace Lending Committee includes 250 individuals representing more than 70 companies.Read More
HUD Eases FHA Outsourcing Rules. HR Departments in Play? December 5, 2016 George Brooks HUD decided to ease the HR rules in new guidance issued at the end of November...Read More
Can a Former MBS Trader Successfully Privatize the GSEs? And What About the Government Guaranty? December 2, 2016 Paul Muolo Cowen & Co. believes there’s now a 65 percent chance that GSE reform will happen over the next two years.Read More
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