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Looks Like the MID Cap will be $750K as Conference Committee Wraps up Work on GOP Tax Reform

December 13, 2017
Brandon Ivey
The way things stand today, the tax bill could be on track for final approval as soon as next week.
Read More

Legal Briefs in CFPB ‘Acting’ Director Dispute Keep Piling Up

December 13, 2017
Thomas Ressler
CUNA believes that legal arguments advanced by plaintiff Leandra English are nonsensical and unconstitutional.
Read More

Short Takes: GSE Dividend Payments: All Systems Go? / Cutting GSE Shareholders out of the Equation? / Wintrust Buying Mortgage Assets from VA Lender / UWM and MC Strike Deal / Chase Exec Bolts for Hamilton

December 13, 2017
Paul Muolo
In a new blog posting, Investors Unite asks the basic question: “Are Fannie’s and Freddie’s foes driving GSE reform?”
Read More

Senate Vote on FHA Nominee Could Come Before Yearend

December 12, 2017
George Brooks
If Montgomery garners final approval, HUD Secretary Ben Carson will begin tackling key issues, including finalizing new condominium rules, dealing with reverse mortgage losses and more…
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Short Takes: Casey (Crawford) Sacked by Mortgage Regulators in California / The California Wild Fires and Mortgages / MBA Hires Spencer Stuart for CEO Search / Dems File Amicus Brief in CFPB Case

December 12, 2017
Paul Muolo and Thomas Ressler
Moral of the story: If you're going to service loans in California, you better have a license...
Read More

Short Takes: And Now for a Word About Bitcoin / Can Trump Clear the Air? / Consultant Wonders about Endorsements / MIAC Selling NPLs, RPLs / Farmer Mac CEO Fired with No Severance

December 11, 2017
Paul Muolo
One of these days an answer will arrive, but until a mortgage company is sold for Bitcoins, we’ll stay on the sidelines…
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Hensarling is Ready to Deal on GSE Reform, but Will it Happen?

December 8, 2017
Paul Muolo
Rep. Hensarling: “This means the government needs to be in the last-loss position, with multiple layers of private capital, as diversified as possible, stacked up before it.”
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Reducing Loan Payment Was More Effective Than Cutting Principal During Financial Crisis: JPMCI

December 8, 2017
A recent report from the JPMorgan Chase Institute found that payment reduction was the most effective form of post-crisis loan modification, and a 10 percent drop in the mortgage payment lowered default rates by 22 percent.
Read More

FHA Unveils New Loan Limits for 2018

December 8, 2017
George Brooks
FHA regulations currently do not allow HECM loan limits to vary by metropolitan statistical area or county…
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FHA to Halt Insuring Mortgages on Homes with PACE Assessments

December 8, 2017
George Brooks
The PACE decision follows last month’s release of the annual audit of the Mutual Mortgage Insurance Fund, which showed a decline in economic value…
Read More
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