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Inside the CFPB
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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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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.
Read More

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...
Read More

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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In Crafting the Deal Agent Concept for Non-Agency MBS, Investors Looked to the GSEs

October 10, 2016
Brandon Ivey
Clayton Holdings is one firm that’s interested in providing deal-agent services to the industry…
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Want ‘Cure’ Provisions in TRID? You’d Better Ask Congress

October 7, 2016
Thomas Ressler
In its proposed rulemaking, the CFPB clearly indicated it was not going to re-open the substance of the rule and address what it considered policy issues…
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When Crafting Deal Agent for Non-Agency MBS, Investors Looked to GSEs’ Oversight, Enforcement and Performance

October 7, 2016
Non-agency MBS investors looked to the practices of the government-sponsored enterprises when establishing the standards for a deal agent, according to Alessandro Pagani, a portfolio manager and head of securitized assets at Loomis Sayles. “The GSEs were very effective in enforcing their rights as owners of the collateral; they had access to information and real enforcement power to put back loans that needed to be put back and direct servicers,” he said at the recent ABS East conference produced by Information Management Network. The Deal Agent Committee released...
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