Short Takes: Watt and Treasury, is there a Deal? / GSE MBS Investors May Want More Yield / FGMC Cuts Staff / PIMCO, the Owner / Senate Banking Clears Montgomery for the FHA Job November 29, 2017 George Brooks and Paul Muolo Come Jan. 1, rates may spike thanks to zero GSE capital...Read More
Fannie/Freddie Loan Limit for 2018 Increases by 6.8 Percent to $453,100. High-Cost Limit Hits $679,650 November 28, 2017 Brandon Ivey In high-cost areas, the GSE loan limit will increase to $679,650...Read More
MBA Sounds Warning on GOP Tax Plan, Says MSR Values Will Get Hammered. ‘Financial Soundness’ Impacted As Well November 28, 2017 Paul Muolo Deal makers that buy and sell MSR assets said the Senate tax language could transform the mortgage business, creating leverage for aggregators...Read More
Short Takes: Day 2, Mulvaney is Still in Charge / Waiting on Judge Kelly to Decide / Look for an Appeal / Raj Date Resurfaces, Sort of / Soros Fund Joins MBA November 28, 2017 Paul Muolo and Thomas Ressler Depending on the judge’s decision, the losing party will appeal…Read More
Judge Makes it Official: Mulvaney is the Acting Director of the CFPB; Will English Appeal? November 28, 2017 Paul Muolo Some legal observers believe if Trump had acted first and not hesitated in picking Mulvaney, English would never have been named by Cordray and this whole mini-crisis avoided.Read More
Former FHA Commissioner/Ocwen Director Galante Suggests Raising the FHA Capital Ratio November 27, 2017 George Brooks Galante called for stronger capital reserves that could withstand the level of economic stress of the last recession.Read More
Impac President William Ashmore Has Left the Building November 27, 2017 Paul Muolo The lender/servicer is expected to name a successor to Ashmore shortly…Read More
New CFPB Acting Director Mulvaney Tells Staff He’s in Charge November 27, 2017 Paul Muolo and Thomas Ressler OMB Director Mick Mulvaney arrived on G Street Monday morning, carrying a brown shopping bag and declaring he was the acting director of the CFPB…Read More
New (Acting) CFPB Director Mulvaney: We Will Run This Agency Differently Than the Previous Administration November 27, 2017 Paul Muolo and Thomas Ressler Meet the CFPB's new boss – he's nothing like the old boss...Read More
Two Acting Directors Named. Who’s in Charge at the CFPB? November 26, 2017 Paul Muolo The White House, though, expects English to show up for work Monday morning as deputy director – and not acting director.Read More
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