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Inside the CFPB
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Short Takes: Worrying About the IRS / NRMLA Talking to Members about the HECM Situation / Most Underwriting Can Continue / Mnuchin’s Future / OCC Hires SBC Attorney

December 31, 2018
Paul Muolo
Capital Alpha Partners: “Mnuchin’s job is in danger the same as any cabinet member under Trump...."
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GSE Credit Scoring Models: The Future is Unwritten

December 31, 2018
Dennis Hollier
Fannie and Freddie tossed out the idea of creating their own internal models as impractical...
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FEMA Reverses Course on Decision to Halt New Flood Policies

December 31, 2018
Paul Muolo and Brandon Ivey
The NAR called FEMA’s about-face a “critical win.”
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Industry Concerned About Shutdown and Effect on IRS Verifications, MBA Asks Treasury to Step In

December 31, 2018
Paul Muolo
MBA CEO Bob Broeksmit: “We have made our concerns known to Treasury and request that IRS employees performing this vital work be deemed essential so loan closings can continue without further interruption.”
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Short Takes: Wells Fargo Executive Takes a Job with UCM / The NAR is Not Happy with FEMA / No Word From Peter Bell and NRMLA / Fannie Mae Director Haywood Moves On / Trouble in the Sandbox

December 27, 2018
Paul Muolo and Brandon Ivey
The National Association of Realtors is none too happy with FEMA's actions during the government shutdown...
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Democrats Take Issue With Mulvaney’s Past Moves at the CFPB, MLA Becomes a Focus

December 27, 2018
Yemeng Yang
Roughly 24 Democrats, led by Rep. Maxine Waters, CA, recently sent a letter to Kraninger arguing that the CFPB has the authority to supervise entities under the MLA.
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Lion Point Capital Declares 50 Percent Stake in Ditech

December 27, 2018
Paul Muolo
The investment banking firm Houlihan Lokey has been fielding offers for Ditech…
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Short Takes: Trouble Ahead for FHA? / Steve Mnuchin’s Christmas Eve Massacre / Significant Players in the Mortgage Market / Who Knows / Who Put the Thought in the Treasury Secretary’s Head? / Craig Phillips Rising? / A New Hire for StoneHill

December 26, 2018
Paul Muolo
Was it Mnuchin’s idea to call the six bank CEOs or did President Trump put him up to it? That storyline has yet to be fully explored…
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Dems Select Rep. Waters as the First Woman Chair of the HFSC, Mulvaney Put on Notice

December 26, 2018
Dennis Hollier
Rep. Waters to Mick Mulvaney: “I am writing to inform you that while your time running the Consumer Bureau may be over, the time for accountability for your actions is about to begin.”
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Mortgage Industry Assesses Pain from Government Shutdown, HECM Endorsements End, New Flood Policies Doubtful

December 26, 2018
Paul Muolo
Brian Chappelle, a principal in Potomac Partners told IMFnews that his lending clients “are starting to worry.”
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