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Home » Topics » News » Inside the CFPB

Inside the CFPB
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CFPB Brings First Case for Deceptive Mortgage Advertising

August 13, 2014
Thomas Ressler
When consumers were directed to Amerisave’s website, the lender gave quotes based on an 800 FICO score, even where consumers had previously entered a FICO score below 800, the agency said.
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Mortgage Buyback Demands Have Peaked but Remain a Big Headache

August 13, 2014
Charles Wisniowski
“The government presumably feels emboldened from the decisions that it’s been getting, and we anticipate that those will continue in the near future,” one mortgage buyback expert said.
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When Will the ‘Single’ GSE MBS Be Ready? Answer: 18 Months at the Earliest

August 13, 2014
Paul Muolo and Charles Wisniowski
The CSP, formally known as Common Securitization Solutions LLC, does not have a chief executive office or chairman.
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Ocwen Says Financials for 2013 and 1Q14 Are Not GAAP Compliant

August 12, 2014
Paul Muolo
Is Ocwen Financial's accounting adjustment much ado about nothing or a potential regulatory headache?
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Birch Hedge Fund Increases Stake in Walter Investment

August 12, 2014
Paul Muolo
FBR lowered earnings projections for Walter Investment, citing “increased regulatory uncertainty."
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FHFA IG: Fannie Servicers Failed Certain Metrics on Short Sales

August 12, 2014
Charles Wisniowski
The IG also found that a Fannie Mae remediation plan does not hold servicers fully accountable for the resulting losses.
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Ability-to-Repay Rule is Definitely Having an Impact – on Non-Agency Production

August 12, 2014
John Bancroft
But almost 48 percent of senior loan officers said approval rates for prime jumbo borrowers were lower...
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FHFA Steps Up Creation of Single GSE MBS, But No ‘Comingling’ at First

August 12, 2014
Paul Muolo and Charles Wisniowski
Fannie-backed MBS, in general, trade better than Freddie participation certificates (PCs), which has resulted in guaranty fee pricing differentials between the two.
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Surprise: FHA Chief Carol Galante Resigns, Effective This Fall

August 11, 2014
George Brooks
In late July Galante met with the press to discuss working with FHA lenders. But now she's handed in her resignation. Why?
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SIFMA: The Playing Field is Slanted Against Non-Agency MBS

August 11, 2014
Brandon Ivey
SIFMA noted that in recent years both the FHFA and Congress have increased the GSEs’ guarantee fees in an effort to reduce their market share and make non-agency MBS issuance more competitive.
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