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Home » Topics » News » Inside the CFPB

Inside the CFPB
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CFPB Disagrees with Court Decision on its Structure; Agency Weighs its Legal Options

October 12, 2016
Paul Muolo
The attorney who argued the case for PHH is Theodore Olson, former Solicitor General of the United States.
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‘Defect’ Rate on FHA Mortgages Rises; A Reading of 50 Percent

October 12, 2016
George Brooks
Of the top five mitigated findings, two were related to borrower assets, two were about documentation and one about borrower credit.
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In Wake of Favorable Court Ruling, PHH Share Price Tepid

October 12, 2016
Paul Muolo
Is Caliber Home Loans still looking at some of PHH’s mortgage assets?
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Short Takes: An Investigation Into LPMI Pricing? / Wells Mortgage Chief Advances / Analyst Lukewarm on Flagstar / Navy Fed Sanctioned by CFPB on Collection Practices

October 12, 2016
George Brooks and Paul Muolo
Wells Fargo’s mortgage chief Franklin Codel is getting some new duties...
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Industry Groups Oppose CFPB Proposal to Add Survey to Consumer Complaint Database

October 12, 2016
Thomas Ressler
Under the proposal, consumers can rate a company’s response on a scale from one to five…
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‘High Pressure’ Wells Fargo Put on Retail Bankers Wasn’t Evident in Mortgage Unit

October 11, 2016
Paul Muolo
A four-year veteran of the bank in California, this mortgage loan officer said he never felt any type of pressure to cross sell other Wells products either.
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IG Audit: Ginnie Mae Left Hundreds of Uninsured Loans in MBS Pools

October 11, 2016
George Brooks
Ginnie Mae requires that all loans in its MBS pools have federal insurance or a federal guarantee.
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A Big Win for PHH: Court of Appeals Vacates $109M CFPB Fine in RESPA Case. Judge Questions CFPB’s Unchecked Power

October 11, 2016
Paul Muolo
The judge in the case suggests that the CFPB director has more unchecked power than anyone in government with the exception of President Obama.
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Short Takes: Investors Shrug at PHH Court Victory? / Life Will Go on at the CFPB… / Compass Point Says ‘Sell’ JPM / FBR Drops Coverage on USB, Three Others / New Hire for Starkey Mortgage

October 11, 2016
Paul Muolo
No huge gains for PHH's share price...
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Court of Appeals Rules CFPB is ‘Unconstitutionally Structured.’ But Agency’s ‘Ongoing Operations’ Will Not be Affected

October 11, 2016
Paul Muolo
CFPB critics may want to hold off on doing any celebrating...
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