Senate Dem Report Accuses Mulvaney of Cherry Picking the Law to Promote an ‘Ideological Agenda’ December 4, 2018 Yemeng Yang The report says that while running the agency, Mulvaney has “cherry-picked the law to promote his ideological agenda.”Read More
Short Takes: Nomura and Ditech? / Ocwen Sets a New Low / Fannie, Freddie and NPL Sales / Citadel’s Growth in Nonprime Servicing / A New Hire for Mortgage Network December 4, 2018 Brandon Ivey and Paul Muolo Fannie Mae and Freddie Mac continue to sell NPLs but for how long?Read More
VA Prepares to Move Against Abusive Cash-Out Refis, but Details are Light December 3, 2018 John Bancroft The VA notice says there are “urgent and compelling circumstances” that warrant issuing an interim final rule that will go into effect quickly.Read More
Prime Non-agency MBS May Plateau, Nonprime and Expanded Prime Expected to Grow December 3, 2018 Brandon Ivey KBRA said nonprime issuance in 2019 should benefit from an increase in origination volume and other efficiencies…Read More
FHFA IG Sends Report on Watt’s Alleged Misconduct to President, Others December 3, 2018 Paul Muolo The specific nature of the allegations was not disclosed…Read More
Freddie Brings Conventional Financing to New Generation of Manufactured Homes December 3, 2018 Dennis Hollier Although the manufactured home industry is lobbying for chattel lending, Fannie Mae and Freddie Mac still require real property for collateral.Read More
Short Takes: The Hearing That Keeps Getting Postponed: GSE Pilot Programs / Remembering the Financial Accomplishments of President George H.W. Bush / Too Many Servicing Workers? / Mortgage Layoffs at SoFi / Vantage Score Hires Former Fannie Executive December 3, 2018 Paul Muolo Under the watch of President George H.W. Bush, S&Ls were re-regulated and given a core housing mission. Read More
Analysts Find Credit-Card ABS Performance Remained Strong Despite Rising Consumer Debt November 30, 2018 Performance of ABS backed by credit-card receivables remained strong in the third quarter of 2018 despite rising consumer-debt levels, according to an update from Moody’s Investors Service. Read More
Mortgage Servicers in the Crosshairs of the CFPB? November 30, 2018 Yemeng Yang “We’ve seen a number of new CIDs issued by the CFPB,” said Ben Olson, a partner at Buckley Sandler.Read More
Senate Moves Ahead with Kraninger’s CFPB Nomination November 30, 2018 Yemeng Yang President Trump nominated Kraninger in June…Read More
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