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Inside the CFPB
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The RESPA Enforcement ‘Respite’ Is Over

July 2, 2014
Thomas Ressler
The Consumer Financial Protection Bureau is picking up where HUD left off, and then some, said one senior attorney.
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FHFA Spearheading Effort on Capital Standards for Nonbank Servicers

July 1, 2014
Paul Muolo
But it’s not just talk of capital standards for nonbanks that has some in the industry spooked – it’s the issue of what constitutes capital.
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FHFA IG Worries About Nonbank Servicers Using Short-Term Loans, More

July 1, 2014
Paul Muolo
The FHFA IG seems to be singling out one nonbank megaservicer in particular. But the Inspector General isn't naming names...
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CFPB Should Make ‘Right to Cure’ Easier for Assignees

July 1, 2014
Thomas Ressler
For such assignees, the bureau would select one of the following alternative periods for the right to cure: 270 days after loan delivery, or 120 days after such assignee’s discovery of non-compliance.
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Short Takes: Wells Fargo in Repo Deal with Ocwen Spin-off / New Capital Rules for Mortgage Insurers? / In Non-QM Loans We Trust / Don’t Fear the HELOC Reaper / Radian Completes Clayton Deal / USB Settles FHA Charges

July 1, 2014
Paul Muolo
Will a coming boom in the production of non-qualified mortgages help residential lenders survive the origination slump?
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HAMP Program Extended to the End of 2016, At Least

June 30, 2014
Brandon Ivey
Treasury Secretary Jacob Lew acknowledged that HAMP hasn’t been as successful as the Obama administration would have liked.
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‘Chairman’ Shelby Might be Friendly to GSE Shareholders

June 30, 2014
Charles Wisniowski
Sen. Shelby is an Alabama Republican with a populist streak who is no friend of the GSEs, but he may side with shareholders of the two companies who are getting shafted by Treasury “sweeps.”
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MSR Values at Roughly Two-Times Historical Levels; a $50B Auction Coming?

June 30, 2014
Paul Muolo
To participate in the MSR market, institutional investors must partner with licensed and compliant servicers.
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Vantium Capital Awarded Servicing of Bankrupt Mortgage Firm

June 30, 2014
Paul Muolo
The downfall of Community Home is intriguing: the servicer closed its Jackson office and had customers send payments to Las Vegas. From there, payments were sent to a location in Costa Rica, according to AP.
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Short Takes: No CEO and president Needed for the Common Securitization Platform? / A Sweet Dividend for Investors in PennyMac / Is Home Building ‘Back’? Not So Fast / ABA Renews Strategic Alliance Deal With Freddie Mac

June 30, 2014
Paul Muolo and Charles Wisniowski
In case you haven’t noticed, many mortgage stocks are trading much closer to their 52-week lows than their highs.
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