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Inside the CFPB
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HUD Lists Top Challenges for 2019, Staffing Levels a Concern

November 28, 2018
George Brooks
At HUD, staffing levels have dropped almost 50 percent since 1991. From 2008 to 2017, HUD lost 18.5 percent of its full-time permanent staff, the highest staffing loss among any cabinet-level agency…
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What Might a New FHFA Director Do to the Secondary Market?

November 27, 2018
Paul Muolo
Stakeholders don’t anticipate the FHFA, with a new director nominated by President Trump, to move immediately to reduce the current benchmark loan limit...
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New NMLS Figures Reveal a Decline in Mortgage-License Holders

November 27, 2018
Paul Muolo
In 2017, MLO license growth was strong at 8.9 percent annualized, but not this year…
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GSE Loan Limit Set at $484,350 for 2019, a Gain of Almost 7.0 Percent

November 27, 2018
Dennis Hollier
HERA allows exceptions for the maximum conforming loan limits for “high cost areas.”
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Short Takes: Homebuyers Hitting the Brakes / But No Reason to Panic / Senate Moves Closer to Vote on Kraninger / Freddie’s ‘Sweat Equity’ Deal / A New Hire for Embrace Home Loans

November 27, 2018
Paul Muolo, Yemeng Yang, and Dennis Hollier
Arch Chief Economist DeFranco says despite lower sales, it’s still a seller’s market in most cities…
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Biting Comments on FHFA’s Proposed Rule on UMBS

November 26, 2018
Dennis Hollier
Making sure the MBS issued by the two GSEs perform identically, within narrow limits, is key to convincing traders…
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White House Contemplating Calabria for the FHFA Job. Big or Gradual Changes in the Wings?

November 26, 2018
Paul Muolo
The implication is that banks – which seems to have excess capacity on their balance sheets – could simply hold conventional loans in portfolio…
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Short Takes: Steven Mnuchin Packing His Bags? / Probably Not / The Key to Administrative Reform of the GSEs: The Next FHFA Director / According to the AEI / A Promotion at Ocwen Financial

November 26, 2018
Paul Muolo
Cowen believes Mnuchin will survive the turbulence but notes the situation still poses a risk to Fannie Mae, Freddie Mac and the big banks…
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Mortgage Servicing Under Focus in New CFPB Investigations

November 26, 2018
The CFPB under Acting Director Mick Mulvaney has initiated a number of civil investigative demands relating to mortgage servicing. Some new CIDs described the purpose of investigations more precisely than prior ones.
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Regulation by Enforcement is Not Dead, Implication to Mortgages

November 26, 2018
Some enforcement actions against mortgage companies are expected in the future, which could further indicate CFPB’s enforcement strategy for the mortgage industry.
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