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Inside the CFPB
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ABS East Set for Record Attendance, Mortgage-Related Talk Focuses on Agency Market

September 17, 2015
Brandon Ivey
Officials from the Consumer Financial Protection Bureau, Wells Fargo and other industry players are set to provide an update on qualified mortgages and other CFPB initiatives...
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Final Jumbo Production Tally for 2Q: $128 Billion, Most of it ‘Non-Agency’

September 17, 2015
John Bancroft
One standout: FHA, where jumbo production soared in the second quarter, more than doubling to $6.8 billion.
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TRID Will Cost Industry Billions Annually to Comply, NAIHP Chief Predicts

September 16, 2015
Thomas Ressler
"For the CFPB to act on its own in such a bullish manner without concern for the confusion this will cause, along with additional costs for consumers, is unconscionable,” said NAIHP chief Marc Savitt.
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Short Takes: The CSP is Costing How Much? / As for the Implementation Date… / Ocwen Loses Money on MSR Sale / Walter’s ‘Insurance’ Transaction? / A New Hire for MIAC

September 16, 2015
Paul Muolo
Technology, like MBS, can be complicated. Just read the new FHFA report…
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Coming This Fall: Congressionally Mandated Salary Caps for Fannie/Freddie CEOs?

September 16, 2015
Carisa Chappell
GSE watchers anticipate the salary cap legislation will be signed into law this fall.
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Short Takes: Almost All GSE-Related Legislation is DoA / Don’t Kill the Golden Goose / Those Crazy Common Investors / The GSEs Are Worth $105 Billion? / Brian Webster’s Resume

September 15, 2015
Paul Muolo
In 2Q, the GSEs earned $8.8 billion combined. Multiply that by four (quarters) and then three (years) and you get $105.6 billion.
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Another Regulator Cashes In as Webster Bolts CFPB for Wells Fargo

September 15, 2015
Thomas Ressler
The trend continues: Work for the CFPB for a year or so and then cash out...
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SIFMA Presses FHFA to Align GSE MBS Programs and Set a Timetable

September 14, 2015
John Bancroft
SIFMA argues that the FHFA has to take a more active role in keeping GSE programs aligned so that differences in prepayment speeds do not emerge.
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Looser Credit on the Way? Fannie Tweaks Self-Employment Verifications

September 14, 2015
Carisa Chappell
The set of changes was updated in the GSE’s selling guide and shows a new way that income from self-employment can be both calculated and documented.
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Documents Remain Protected in Fairholme Funds, FHFA Suit

September 11, 2015
In the Fairholme Funds v. The United States case, Judge Margaret Sweeney ruled in favor of the Federal Housing Finance Agency to keep documents in the case sealed under “protected information,” according to an order filed on Sept. 4. The court denied the motion by the plaintiffs and said it was too early to consider unsealing the documents since the case is still in the discovery phase. “Because this case is in the jurisdictional discovery phase, the court finds that it is premature to grant at this juncture plaintiffs’ various motions to remove the ‘protected information’ designation from certain deposition transcripts and documents produced during jurisdictional discovery,” said the order.
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