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Eli Global Founder the Subject of Federal Subpoenas. A Mortgage M&A Deal was in Progress

October 4, 2018
Paul Muolo
As press time, Lindberg’s spokesman, Chuck Norman of S&A Communications, had not returned several emails and telephone calls regarding the subpoenas.
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SFR REIT Reven Inks $51.3 Million LOC from Arbor

October 4, 2018
Paul Muolo
A few months back, the Federal Housing Finance Agency ordered Fannie Me and Freddie to end their involvement in SFR financial arrangements. However, any deals in progress were allowed to close...
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MI Firms See No Problems Meeting New PMIER Goals

October 4, 2018
Carisa Chappell
MI analysts agree that other than a few tweaks, the new PMIER requirements aren’t terribly different than the original proposal…
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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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CFPB’s Mulvaney Says Reorg Will Continue Despite Criticism of Fair Lending Chief

October 3, 2018
Yemeng Yang
CFPB Director Mulvaney: “I will not be undoing the changes. I recognize this is not the result that some of you may have wanted. But I stand by my decision and we will proceed accordingly.”
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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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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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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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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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Other News in Brief: Atlanta Office; Budget for First Quarter of 2019

October 1, 2018
CFPB to Open Office in Atlanta, Likely to Relocate Over 100 Employees. The CFPB recently announced plans to open a new office in Atlanta as its southeast regional headquarters. The relocation is expected to take place in late 2019. The southeast regional team is currently housed in the bureau’s DC headquarters. The CFPB said the relocation will align the bureau with its regulatory partners that already have a regional presence in Atlanta [Includes two briefs] ...
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