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FHFA Pulls the Plug on Fannie and Freddie Funding Corporate SFR

August 22, 2018
Carisa Chappell
Fannie Mae came under heavy criticism from certain elected officials and affordable housing advocates for extending $1 billion in financing to Invitation Home Loans, an SFR operator that’s publicly traded.
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Watt’s Accuser Sues FHFA, Wants $1 Million in Damages for Pay Discrimination

August 22, 2018
Paul Muolo
Grimes, in her complaint, is asking for a permanent injunction enjoining the FHFA from “paying female employees lower compensation than their male” counterparts for performing equal work…
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Short Takes: Celebrity in the Hunt / Ocwen Gets the ‘All Clear’ Signal from Ginnie / Oh Carol / The National Servicing Settlement – It’s a Wrap / Two Joes In Charge at Waterstone

August 22, 2018
Brandon Ivey and Paul Muolo
Celebrity Financial has several M&A irons in the fire...
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Washington State Tightens Servicing Rules. More States to Follow

August 21, 2018
Yemeng Yang
In Washington mortgage servicers must now maintain recorded telephone conversations with consumers for three years after the date of the call…
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Cal Realtors Ask FHFA for Immediate Halt to GSE Financing of SFR

August 21, 2018
Paul Muolo
Certain SFR operators have been criticized for gobbling up thousands of properties for corporate ownership, thus removing these units from the inventory of homes available for sale.
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Short Takes: Broeksmit Takes Over as MBA Chief / His Resume / Cowen: Bright, a Plus for Housing / A Possible Successor to Watt at the FHFA? / Churchill Mortgage Executive Named to CMLA’s Board

August 21, 2018
Paul Muolo
Bright has been mentioned in housing and mortgage circles as a possible successor to FHFA Director Mel Watt.
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Watt’s Accuser Sues FHFA, Alleges Pay Discrimination, Wants $1 Million in Damages

August 21, 2018
Paul Muolo
When bonuses and benefits are factored in, Grimes says the pay disparity totals $100,000 per year...
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Other News in Brief: HMDA Verification Tool; Mulvaney's Job Addresses; CFPB Reform

August 20, 2018
CFPB Announces HMDA File Format Verification Tool and New 2017 Dataset. The CFPB earlier this month released the 2018 File Format Verification Tool (FFVT) which tests whether HMDA reporters’ files meet certain formatting requirements needed to submit data to the HMDA platform. Specifically, the FFVT will test whether the file is pipe-delimited, has the proper number of data fields, and has data fields formatting as integers, where necessary ... [Includes three briefs]
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FHFA Wants GSEs to Take a Closer Look at Their Multifamily Lenders

August 20, 2018
Carisa Chappell
The FHFA wants Fannie and Freddie to institute proper controls and perform monitoring on their multifamily counterparties…
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Short Takes: More Mortgage M&A / Check Those WARN Act Notices / Accuser Blasts FHFA Sexual Harassment Probe / No Comment from the FHFA

August 20, 2018
Paul Muolo
Grimes' resume also includes stints at Grant Thornton and Price Waterhouse Coopers...
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