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Inside the CFPB
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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…
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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…
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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.
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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.
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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.
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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.
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Senate Moves Ahead with Kraninger’s CFPB Nomination

November 30, 2018
Yemeng Yang
President Trump nominated Kraninger in June…
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Lenders Decrease Premiums on Non-QMs

November 30, 2018
The spread between interest rates for qualified mortgages and similar non-QMs has narrowed somewhat this year. The lower premium placed on non-QMs suggests that lenders are getting more comfortable with the liability associated with the loans. The findings were detailed recently by two economists at the Federal Reserve who had access to loan-level data from Optimal Blue. The data comprised loan applications and mortgage locks from January 2013 through September 2018 ...
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What We’re Hearing: CNBC ‘Mad Money’ Host Cramer Slams Nonbanks / Questionable Research? / Dan Gilbert of Quicken Fires Back / The Counter-Hedge of Mortgage Servicing Rights / It’s LO Recruiting Season, Pull Out the Check Book / Prestwick MSR Auction / El

November 30, 2018
Paul Muolo
Did CNBC's Jim Cramer do any research on the mortgage industry before he opened his mouth?
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RHS Clarifies Short Sale Rules, REO Purchases by Nonprofits

November 30, 2018
The U.S. Department of Agriculture’s Rural Housing Service has issued guidance regarding short sales and sale of real estate-owned properties backed by rural housing loans.
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