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Inside the CFPB
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Industry Wins Limited Relief From CFPB Rules, Other Measures Pending

December 16, 2015
Thomas Ressler
Among other things, the language grants the CFPB greater flexibility to treat a balloon loan as a “qualified mortgage” if it was extended by a community bank or...
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Just 23 Percent of Mortgage Professionals Vote for an FHA Premium Cut

December 16, 2015
Paul Muolo
The IMF poll also found that some in the industry believe the MMIF minimum capital ratio should be raised to 4 percent...
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More Tales of TRID Implementation Disasters: Law Firm Asks for the ‘HUD-1’ Form

December 16, 2015
Paul Muolo
One trade group rep noted that “anyone telling you” the TRID transition process “is somewhat smooth, is full of it.”
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Short Takes: Angel Oak Nonprime MBS a Done Deal / GSE ‘Jump Start’ Moves Along / Time to End the GSE Profit Sweep? / MBA Continues to Stump for ‘Transitional’ LO License / Sage Bank Settles Lending Discrimination Charges / New Hires for Ranieri

December 16, 2015
Paul Muolo and Thomas Ressler
The CHLA is renewing its call for Treasury and the FHFA to amend the preferred stock purchase agreements once again, allowing the GSEs to build capital...
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Want to Fight a HUD-DOJ FCA Case? Better Have $20 Million for the Attorneys

December 15, 2015
Paul Muolo
“My lenders are keenly aware of meeting their FHA responsibilities,” Corso said in an interview with Inside Mortgage Finance…
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MBA Chief Sees Aggregators Kicking Back Problem TRID Loans to Lenders

December 15, 2015
Paul Muolo
Private rights of action are not covered by the CFPB good faith language on TRID...
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FHFA Seeks Comments on Expanding GSE Role in Manufactured Housing Loans, More…

December 15, 2015
Carisa Chappell and Paul Muolo
In the past, the duty to serve rule has received a great deal of attention from manufactured housing executives who argue the GSEs are not purchasing enough of their loans.
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CFPB Massive Data Collection Program in Congressional Cross-Hairs, Mortgages Too

December 15, 2015
Thomas Ressler
Some other CFPB mortgage-related issues could come up for discussion, such as a hold-harmless enforcement period under the bureau’s new TRID rule...
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PennyMac Financial Cuts Repo Deal with Barclays

December 14, 2015
Paul Muolo
Through the first nine months of the year, PennyMac originated $36.92 billion of residential mortgages, an impressive 74.9 percent gain from the same period a year earlier.
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‘Jumpstart GSE Reform’ Bill is Still Alive, With a Possible Sunset Provision

December 14, 2015
Carisa Chappell
Compass Point predicts the measure now has a 40 percent to 60 percent chance of passage under the omnibus spending bill.
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