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Inside the CFPB
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Want to Buy Mortgage Servicing Rights? You’d Better Have a License

December 29, 2017
Brandon Ivey
“If the state requires it, then the GSEs would require it, and could use their remedies in connection with any failure to do so,” said one attorney…
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HUD IG Anxious About Legacy Tech Systems; 87 Percent are ‘Old’

December 29, 2017
Paul Muolo
What could go wrong? For starts, FHA might not be able to pay claims…
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What We’re Hearing: The Biggest Story of 2018? Fannie and Freddie, Of Course / An M&A Boom? / Good Luck Mr. Corso / Penny Spends Dollars to Buyback Common / A Very Short Publishing Break

December 29, 2017
Paul Muolo
We get the sense that merger and acquisition activity could be fierce as profit margins tighten...
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Expected on GSE Reform: Reconstituted Versions of Fannie and Freddie but…

December 28, 2017
Paul Muolo
What’s gestating now in Congress may represent the best chance of reforming the secondary market since Fannie Mae and Freddie Mac were placed into conservatorship in September 2008…
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The Ocwen Legal Settlement Tally: 25 Down, Five to Go

December 28, 2017
Brandon Ivey
Ocwen’s stock price peaked earlier in the decade at roughly $60.00 a share…
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Short Takes: The Most Profitable Company in America (Per Employee) is Fannie Mae / What About Ginnie? / Coming in January: A New FHA Commissioner / What’s the Hold Up? Answer: Sen. Warren

December 28, 2017
Paul Muolo
The ranking was determined by dividing a company’s profit over the last financial year by the number of employees…
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CFPB Releases HMDA Tools Aimed at Data Accuracy and Rate-Spread Calculations

December 27, 2017
Brandon Ivey
The federal regulator released a check digit tool and a rate-spread calculator.
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Short Takes: Homes Prices Still Increasing / A Slowdown Expected / Flagstar Takes Hit from Tax Bill / Proceeds from FCA Cases Decline

December 27, 2017
Brandon Ivey
Nationally, home prices increased by 6.48 percent in October compared with a year ago, according to Black Knight.
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CFPB Policy on New HMDA Data Collection Brings Relief and Uncertainty

December 26, 2017
Brandon Ivey
“While this flexible approach is generally beneficial for lenders and consumers, it does produce some uncertainty over what will be considered ‘good faith’ or ‘material,’” according to attorneys at the law firm of Buckley Sandler.
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Short Takes: FHA Operations Funded / CFPB to 'Reconsider' HMDA Elements / GSEs Set to Take DTA Charges / Tax Bill's Impact on Home Sales

December 26, 2017
Brandon Ivey
A new spending bill approved by Congress extended federal funding through Jan. 19.
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