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Inside the CFPB
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GSE Low-Downpayment Programs Off to a (Really) Slow Start

April 30, 2015
Carisa Chappell
Freddie Mac securitized just $12 million of purchase mortgages with loan-to-value ratios of 96 percent or 97 percent during the first quarter.
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NMLS: Multiple-State Mortgage Franchises Increase; More LOs Too

April 30, 2015
Paul Muolo
The number of branch licenses for mortgage originators increased by 12 percent to 43,381.
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Will Quicken Bolt the FHA Program?

April 30, 2015
George Brooks
Few in the industry believe Quicken will actually bolt the FHA program, noting that similar saber-rattling was done by JPMorgan Chairman and CEO Jamie Dimon last year...
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Short Takes: Dead Silence on GSE Reform / EverBank Dumps More MSRs / Brian Libman’s Work History / The Ocwen Watch

April 29, 2015
Paul Muolo and Thomas Ressler
Nationstar will take title to $6.7 billion of Fannie Mae, Freddie Mac and private investor product owned by EverBank...
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Treasury Criticized for Not Changing Policies Regarding HAMP Servicing Transfers

April 29, 2015
Brandon Ivey
Among other issues, the SIGTARP cited Green Tree's recent $63 million servicing settlement with the CFPB and Federal Trade Commission.
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Senate to Mark Up Regulatory Relief Bill Mid-May; QM Status for Portfolio Loans?

April 29, 2015
Thomas Ressler
It’s likely that provisions to automatically designate residential loans held in portfolio as qualified mortgages will be included in a legislative package...
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Maybe, the GSEs’ Role in Multifamily Should be Increased, Not Decreased

April 28, 2015
Carisa Chappell
Another post-crisis trend is that the volume of Fannie’s multifamily financing had shrunk more than Freddie’s...
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Lender-Paid Mortgage Insurance Faces Scrutiny from the GSEs, FHFA

April 28, 2015
Paul Muolo
Quicken made news earlier in the year when it heavily promoted to loan brokers a 60-hour LPMI “sale” committing coverage for $100 million in originations.
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HUD Tells Servicers to Wait a Year on FHA Foreclosures

April 27, 2015
George Brooks
Mortgage servicers will be subject to stronger quarterly reporting requirements, including tougher penalties for non-compliance.
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Short Takes: Another Former Subprime Executive Ready to Launch? / More Chatter on Quicken’s Lawsuit / Collingwood Warns on New FHA System / A Multifamily Milestone for Freddie

April 27, 2015
Paul Muolo and Carisa Chappell
Could another former subprime mortgage executive be reentering the game?
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