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Inside the CFPB
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Lenders Prepared for TRID 2.0, but Some Uncertainty Remains

October 12, 2018
Yemeng Yang
“I think everyone is on board,” said Colgate Selden, a former CFPB attorney and now managing director and head of regulation and compliance at Promontory MortgagePath.
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What We’re Hearing: A Cyclical Business / What Will Treasury’s Craig Phillips Say about the GSEs? / Advice From loanDepot’s Anthony Hsieh / Unsolicited Resumes from Production Employees / Jim Malloy Departs Impac Mortgage After 15 Years / PennyMac’s First

October 12, 2018
Paul Muolo
Anthony Hsieh's advice for the mortgage industry: Start selling...
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GSE Shareholders Win Will Allow Plaintiffs to Press Forward

October 12, 2018
A recent court ruling that affirmed the validity of claims that the GSE net worth sweep breached an implied covenant of good faith is a big deal for shareholders, according to the plaintiff’s attorney.David Thompson of Cooper and Kirk told Inside The GSEs this week that U.S. District Judge Royce Lamberth’s decision is a “significant victory” for the plaintiffs.
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Short Takes: Why Stocks Need to Come Down / Unwinding the Massive Tax Cuts / President Hickenlooper? / Capital Alpha Weighs In / Behind the Scenes at Wells Fargo / New Hires for DIMONT

October 11, 2018
Brandon Ivey and Paul Muolo
The massive tax cuts the president and GOP bestowed on the nation late last year have spurred economic progress. It’s hard to argue with that, but...
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Enactment of Dodd-Frank Reform Bill Prompts VA to Dump QM Interim Final Rule for New QM Rulemaking

October 11, 2018
The Department of Veterans Affairs has spiked an interim final rule on “qualified mortgages” in favor of a new separate rule establishing new QM standards.
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Court Ruled Zillow’s Co-Marketing Program Does Not Violate RESPA; CFPB Had Already Backed Off

October 11, 2018
A federal judge in Washington last week dismissed a securities fraud lawsuit against Zillow, ruling its co-marketing program does not violate the Real Estate Settlement Procedures Act.
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GSEs on Track to Start Issuing Single Security in June, Additional Guidance Pending…

October 10, 2018
Brandon Ivey
Stephanie Miller of Fannie Mae said the GSEs are working with SIFMA on the transition to the single security.
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Short Takes: Michael Bright, the Next FHFA Director? / Waiting on Senate Confirmation (Still) / A Former GSE Exec and The Play Set Scandal / Sears and Fairholme / HSBC Settles with DOJ / A New Hire at CMG Financial

October 10, 2018
Brandon Ivey and Paul Muolo
HSBC will pay $765 million to settle charges brought by the Department of Justice...
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Fannie Names Former Berkshire Hathaway Executive Hugh Frater Interim CEO

October 9, 2018
Paul Muolo
The new interim CEO was an EVP at PNC Financial where he led the real estate division and was a founding partner and managing director of BlackRock...
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Senate Still has Time to Enact VA ‘Orphan’ Loan Bill

October 9, 2018
George Brooks
The House bill is currently at the Senate desk, awaiting nods from Senate Banking Committee Chairman Mike Crapo, and Ranking Minority Member Sherrod Brown…
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