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Inside the CFPB
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FHFA’s Examiner Program Under Fire for Lack of Results

October 3, 2018
Carisa Chappell
During a House hearing, Rep. Ann Wagner, R-MO, criticized the FHFA for spending $7.7 million on what she called a “crucial training program which lacks professionalism, among other things…”
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Trade Groups Seek Changes to LO Compensation Rule

October 2, 2018
Yemeng Yang
Trade groups said the rule, while well-intentioned, is causing serious problems for the mortgage industry…
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One Reason FHA Premiums Won’t be Cut? Slow Servicers…

October 2, 2018
Paul Muolo
In 10 cases, the servicing process was delayed by more than two years...
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GSE Shareholders Take Solace in Partial Win Against FHFA, Treasury

October 2, 2018
Carisa Chappell
Investors Unite: “Lamberth’s ruling does not mean reimbursement checks are on the way…”
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Short Takes: Top-Ranked Subservicer Hires Nonbank Execs / Soon to be One: Ocwen and PHH / NAR Bolsters its Government Affairs Staff / One Criticism of Jeb / California, the Golden GSE State

October 2, 2018
Paul Muolo and Carisa Chappell
One criticism of Hensarling is that his conservative ideals prevented him from shaping a consensus bill to reform Fannie Mae and Freddie Mac...
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Inspector General Wants FHFA to Better Utilize Fannie, Freddie Fraud Reports

October 1, 2018
Carisa Chappell
The IG said there’s no specific methodology for fraud detection and reporting…
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Just Days Away From Closing on PHH Deal, Ocwen Sees a Former Executive Charged with Insider Trading

October 1, 2018
Paul Muolo
During his tenure at Ocwen, Ziengenfuse was in charge of managing the company’s “strategy” with Fannie Mae, Freddie Mac and Ginnie Mae receivables, the SEC said.
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Short Takes: Senators Want CFPB Official Fired / A Plea to Stop the Agency’s Reorg / Sen. Warren Drops Hint on White House Run / Watt’s Tenure? / A New Director at Altisource

October 1, 2018
Paul Muolo
Sen. Warren has been dropping hints that she may run for president in 2020...
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FHA Not Sure it Will Extend the New ‘Second Appraisal’ Policy on HECMs

October 1, 2018
George Brooks
Appraisal bias remains a primary concern…
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Lenders Prepared for TRID 2.0, Seeking Further Clarification

October 1, 2018
The revised integrated mortgage disclosure rule takes effect this month, and compliance experts said the industry is ready despite some remaining uncertainty. The CFPB last year finalized amendments to its Truth in Lending Act/Real Estate Settlement Procedures Act Integrated Disclosure rule. The revised rule, dubbed TRID 2.0 by the industry, became effective in October 2017, but the agency set Oct. 1, 2018, as the mandatory compliance date ...
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