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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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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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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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Short Takes: Hensarling’s Long Goodbye / Not a Candidate to Head the FHFA / 15 More Recordings / A Large Non-QM MBS? / A Name Change for Sutherland

September 27, 2018
Paul Muolo and Carisa Chappell
Rumors were floating around this week that a large non-QM securitization deal could be in the works...
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FHFA Director Watt: ‘I’m Guilty of Having an Attraction to You, That is True’

September 27, 2018
Paul Muolo and Carisa Chappell
To date, Watt has maintained that he did not do anything legally wrong...
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FHFA Chief Watt: Freddie MSR Pilot Capped at $1 Billion

September 27, 2018
Paul Muolo
However, bankers and advisors who ply their trade in the MSR market have told Inside Mortgage Finance there is adequate financing available to nonbanks.
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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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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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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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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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