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Inside the CFPB
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Acting FHA Chief Dana Wade Sees Disturbing Trends, Worries About Potential Losses

April 26, 2018
George Brooks
Warning sign: In February, the percentage of FHA borrowers with DTI ratios above 50 percent rose to 24.6 percent, up from 19.8 percent a year ago.
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Lenders Divided on Whether Changes Should be Made to QM Standards

April 26, 2018
Brandon Ivey
“It appears that the larger the investment, the larger the resentment,” Stratmor said.
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Sen. Brown Says CFPB Chief Mulvaney Must Go, Cites ‘Pay to Play’ Comments

April 26, 2018
Paul Muolo
Sen. Brown said he wants a new CFPB director, one with a moral compass…
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Altisource Reports a Loss, Declining Revenue and Says the CFPB Won’t Take Action Against It

April 26, 2018
Paul Muolo
In February of last year, Altisource disclosed in an SEC filing that the CFPB was looking into the vendor’s relationship with Ocwen...
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Wells Fargo Fined for Overcharging Mortgage Rate- Lock Commitments, More Penalties May Lie Ahead

April 26, 2018
Wells Fargo, the nation’s largest mortgage lender, last week agreed to pay $1 billion to settle claims that it overcharged consumers on mortgage rate-lock commitments and force placed collateral-protection insurance on auto loan customers.
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MBA Concerned About Impact of Incendiary Politics on State Issues, Calls for Strategies for Needed Changes

April 26, 2018
The Mortgage Bankers Association this week called upon its members to tailor their state advocacy and lobbying strategies to whatever opportunities they see in the increasingly incendiary political environment.
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VA Servicing Continues to Grow at a Nice Clip

April 25, 2018
John Bancroft
Don’t look now, but Ginnie Mae MBS outstanding is approaching the $2 trillion mark…
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Sen. Crapo Says GSE Reform Still Possible in This Congress (You Heard That Right)

April 25, 2018
Carisa Chappell
The senator disagreed with comments made earlier in the day by HUD Deputy Secretary Pam Patenaude, who said there aren’t enough legislative days left...
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The FHA Share of Mortgage Complaints Filed with the CFPB: 13 Percent

April 24, 2018
George Brooks
According to the CFPB’s annual report on consumer disputes, the bureau received roughly 37,300 mortgage complaints in 2017...
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Short Takes: In Service of Fannie, Freddie and the Common Good / Fannie Ponies up to the REITs / Amazon a Bank? Good Luck with That / NYDFS Investigates RTO / FofA Hires loanDepot Manager

April 24, 2018
Brandon Ivey and Paul Muolo
A new policy change implemented by Fannie Mae will allow REITS, come May 1, to start investing in the GSE’s Connecticut Avenue Securities risk-transfer deals.
Read More
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