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Inside the CFPB
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Mortgage Industry Mostly Ready for TRID 2.0 Compliance But Some Confusion Remains

September 27, 2018
With the deadline for implementing the revised integrated mortgage disclosure rule only a few days away, compliance experts said the industry is ready despite some remaining uncertainty.
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A $490k Loan Limit in 2019?

September 27, 2018
If current trends hold in the official barometer used for adjusting conforming loan limits, look for the baseline limit to go up about 8 percent next year.
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HUD Plans to Revisit Downpayment Assistance Rule as Stakeholders Warily Eye Tribal Second-Loan Program

September 27, 2018
The Department of Housing and Urban Development is planning this fall to seek comment on the use of FHA downpayment assistance from programs run by entities owned by Native American tribes.
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Attorneys: Proposal from Rep. Waters Underscores Potential Rise in Compliance Risk for Nonbanks

September 27, 2018
Nonbank mortgage servicers for the government-sponsored enterprises would face new regulations if Rep. Maxine Waters, D-CA, has her way.
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Issuance of Non-Agency MBS Constrained by a Lack of Reforms to Reps and Warranties

September 26, 2018
Brandon Ivey
Blackrock and PIMCO were among the firms cited as avoiding new non-agency MBS deals…
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CFPB Seeks Input on Data Collection Practices

September 26, 2018
Yemeng Yang
The new request for information, issued Tuesday, solicits comments on all aspects of data collection...
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First Up to Testify Thursday at the HFSC FHFA Oversight Hearing: Simone Grimes, Mel Watt’s Accuser

September 26, 2018
Carisa Chappell
Simone Grimes, who holds the title of special advisor, is still employed by the agency.
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Short Takes: Speculation on What Mel Watt Might Say / Ocwen Schedules a ‘Special’ Meeting of Shareholders / NOLs of Roughly $400 Million / In the Event of a Change of Control? / FoA Rolls Out Second-Lien Reverse

September 26, 2018
Paul Muolo
Ocwen said its ability to utilize the NOLs to offset future taxable income may be significantly limited if the company experiences an ownership change.
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Trade Groups, Bankers Voice Disdain for Freddie’s MSR-Financing Pilot

September 24, 2018
Paul Muolo
ICBA: “They [Freddie] can say whatever they want to, but financing MSR crosses the line.”
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MBA Backs User Fee to Fund Tech Upgrades for USDA Program

September 24, 2018
George Brooks
The FHA has proposed a similar user fee but has been denied repeatedly by Congress…
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