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Inside the CFPB
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Adverse Ruling in Closely Watched Case Could Increase Servicer Liability

December 19, 2018
George Brooks
The Tenth Circuit found the FDCPA’s plain language to be controlling…
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Short Takes: Freddie Mac’s New CEO? / Jeb’s Last Stand? Maybe Not / A ‘Comical’ Situation / A Low Grade for Hensarling? / Fannie’s New Chairman

December 18, 2018
Paul Muolo
As one veteran industry lobbyist explained with a hint of ire: “You’re telling me that a bunch of lame duck Congressmen who lost an election are going to show up on the Friday before Christmas?”
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Speculation Centers on Clinton Jones for FHA Commissioner

December 18, 2018
Paul Muolo
Clinton Jones has worked for the HFSC since February 2013. From 2007 to 2008 he was a registered lobbyist for Fannie Mae.
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Ginnie Stats Reveal Sharp Increase in FHA Risk Layering Over Two Years

December 17, 2018
John Bancroft
Loans with DTI ratios exceeding 50 percent accounted for 29.60 percent of FHA business in Ginnie MBS during the first two months of the fourth quarter…
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Outlook for Prime Non-Agency MBS Tied to GSE Pricing, Tools

December 17, 2018
Brandon Ivey
With Mel Watt’s term as FHFA director ending in early January, a new director appointed by President Trump is widely expected to take actions to reduce the GSEs’ footprint…
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FHA and VA Introduce New Loan Limits for 2019

December 17, 2018
George Brooks
FHA will increase its floor for forward mortgages to $314,827 from $294,515.
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Deputy HUD Secretary Pam Patenaude Quits After 15 Months on the Job

December 17, 2018
Paul Muolo
She brought a certain depth of knowledge to the table for her boss, Ben Carson, a career brain surgeon with little in the way of housing and mortgage experience.
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Around the Industry

December 14, 2018
Mortgage broker trade group introduces NAMB All-In. Genworth launches risk-based pricing engine. VA updates fee-cost schedule. Industry groups pressure Senate to confirm Trump nominee for GNMA.
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FHA Drops Warranty Requirements for New Single-Family Construction

December 14, 2018
The Department of Housing and Urban Development has issued a final rule streamlining single-family home-warranty requirements for FHA insurance.
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FHA’s Mandatory Second Appraisal for Certain HECMs Now Automated

December 14, 2018
The FHA has announced that protocols in place for second appraisal requirements for certain Home Equity Conversion Mortgage loans are now fully automated.
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