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Inside the CFPB
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FHFA’s Watt: It’s Not My Job to Start the Conversation About Changing the PSPAs

February 4, 2015
Paul Muolo
FHFA chief Mel Watt noted: “In Treasury’s view, it’s a legislative decision” to change the terms of the bailout agreement.
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FHFA Decision on G-Fees Could Roll Into April

February 4, 2015
Paul Muolo
G-fees range from 50 to 55 basis points. Prior to the housing bust, some seller/servicers had g-fee payments as low as 12 basis points.
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Short Takes: Points-and-Fees Relief on The Way? / HUD Under the Microscope on Capitol Hill / S&P Says ‘Never Mind’ on That Retaliation Thing / MSR Financing Getting Hot?

February 4, 2015
George Brooks, Brandon Ivey, Paul Muolo, and Thomas Ressler
The Mortgage Choice Act was passed by the GOP-held House in June, but failed to move through the Democrat-controlled Senate.
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HUD Re-proposes Controversial Administrative Support Fee

February 3, 2015
George Brooks
Last year, the mortgage industry cautioned HUD against assessing a fee to fund certain risk management improvements in the FHA program.
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Short Takes: WinWater Readies a New Jumbo Deal / How Would Uncle Sam Replace $153 Billion in GSE Income? / S&P Settles Without Admitting Guilt / New Correspondent Hires for LenderLive

February 3, 2015
George Brooks, Brandon Ivey, and Paul Muolo
Any monkeying with the GSE charters must get past two of the most powerful lobbying groups in all of housing finance...
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Forms, eSignatures Drive Growth at DocMagic

February 3, 2015
Paul Muolo
DocMagic would like to double its nationwide sales staff to 20 by the time 2015 ends.
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FHFA Proposal on Nonbank Capital and Liquidity Not That Big of a Deal?

February 2, 2015
Paul Muolo
The FHFA proposal, however, could spell trouble for certain nonbank servicers with limited resources.
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Little Incentive for Non-Agency Issues to Go Through the SEC

February 2, 2015
Brandon Ivey
An official involved in the non-agency MBS market said it’s easier to sell private placements than it is to meet requirements for publicly registered deals
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Short Takes: CA DBO Looking for an Ocwen Auditor / Please, No Conflicts of Interest / HUD’s Castro a No-Show? / More Financial Pain for the Rating Agencies / Envoy Hires Away TMS Executive

February 2, 2015
Paul Muolo
The DBO request for proposal asks that applicants for the Ocwen contract state whether they – or any affiliates – have done any consulting work for the servicer.
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Fannie, Freddie Have Wiggle Room to Cut Fees on Higher LTV Loans

January 30, 2015
John Bancroft
On loans with LTVs ranging from 90 percent to 95 percent, for example, GSE pricing was better for all borrowers with credit scores over 620. But things are different now.
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