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Home » Topics » News » Inside the CFPB

Inside the CFPB
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Lenders Will Have More Time to Comment on G-Fees

July 30, 2014
Charles Wisniowski
By extending the comment period, it’s likely that lenders will have at least 120 days before any g-fee hikes are installed.
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Short Takes: Todd Rundgren Takes on JPM / Jumbo Production Jumps 37% at EverBank / HAMP Processing Slows – A Lot / FHFA’s Watt to Take HARP Road Show to Atlanta / More Executive Changes at Flagstar

July 30, 2014
Paul Muolo, Brandon Ivey, and Charles Wisniowski
Hello, It's Me Again: Your foreclosure notice.
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Forget Ocwen’s Earnings, Will It Say Anything About the Lawsky Squabble?

July 29, 2014
Paul Muolo
“I don’t see how New York can’t ultimately approve Wells’ sale of servicing to Ocwen,” said one analyst. “I think it’s more a matter of when.”
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House Bill Would Delay Basel III and MSR Rules, At Least Temporarily

July 29, 2014
Thomas Ressler
A formal recorded vote has been requested and at press time was pending before the committee.
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Short Takes: Two Harbors Hits Market with a New Jumbo MBS / CFPB Targets Great Lakes Area Mortgage Lender / Happy (?) Third Birthday CFPB / Shorts Target Stonegate Mortgage / New Duties for BofA Mortgage Chief

July 29, 2014
Paul Muolo
Surprise: Two Harbors is preparing a new jumbo MBS deal. It looks like the bond will be issued in early August...
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Believe It or Not: White House Still Working on Advancing GSE Reform This Year

July 28, 2014
Charles Wisniowski
In mid-July senior White House staff, Treasury officials and the staffers from the Council of Economic Advisers met with representatives from a number of industry trade groups to discuss housing finance reform.
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And the Most ‘Shorted’ Mortgage Stock is: Nationstar; PHH a Close Second

July 28, 2014
Paul Muolo
One stock analyst told IMFnews: “He hasn’t charged them [Nationstar] because he [Lawksy] doesn’t have anything.”
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CFPB Finally Issues Its Proposed HMDA Rule

July 28, 2014
Thomas Ressler
The CFPB also is proposing that financial institutions provide more information about underwriting and pricing.
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Buried in the FHFA IG Report: Fannie and Freddie Will Conduct More ‘Operational Reviews’

July 25, 2014
Paul Muolo
Nationstar Mortgage and Walter Investment are the only seller/servicers (counterparties) mentioned by name in the FHFA IG report on nonbank risk.
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What We’re Hearing: Why Doesn’t JPM Just Get Out of Mortgages Entirely? / Down, Down, Down: JPM’s Ginnie Share / NAR’s Yun: CFPB Might Want to Investigate FHA / Do LOs Exaggerate Their Production Numbers? / Zillow and Trulia: A Match Made in Money-Losing

July 25, 2014
Paul Muolo
NAR Chief Economist Lawrence Yun: “The way they have raised premiums and fees – the way I view it and what I hear from Realtors – is essentially they are ripping off consumers. It’s almost as if HUD needs to be turned over to the CFPB to be investigated"...
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