(Certain) Nonbanks Ponder the Unthinkable: Owning a Depository June 29, 2017 Paul Muolo “This is a big step for them [Movement],” said consultant David Lykken, president of Transformational Mortgage Solutions.Read More
NAR Asks FHFA to Allow GSEs to Build Capital; Treasury and Panels Get CC’d June 28, 2017 Paul Muolo Under NAR's plan, a portion of GSE profits would be deposited into a liquidity fund controlled by the FHFA.Read More
CFPB Decides to Cut Mortgage Servicers Some Slack for Three Days June 28, 2017 Thomas Ressler The Bureau says it understands the industry’s concerns…Read More
Short Takes: Uncle Sam will be $5B Richer on Friday (GSE Money) / Zilch for the Others / Break Up Fannie and Freddie? / Something to Ponder / A Promotion at Guild Mortgage June 28, 2017 Paul Muolo Meanwhile, holders of the GSE junior preferred stock receive nothing from Fannie and Freddie in terms of dividends. Read More
Cordray Gone By Year End? Who Will Replace Him? June 27, 2017 Thomas Ressler If Trump names a top GOP lawmaker to head the CFPB it would leave open another House or Senate seat…Read More
Captive Insurers (REITs) Would Stay in the FHLB System if House Bill Becomes Law June 27, 2017 Carisa Chappell If the bill becomes law, REITs that gained access to low-cost FHLB advances would get a reprieve.Read More
Poll: Industry Wants Fannie and Freddie Preserved with ‘Existing Operations’ June 27, 2017 Paul Muolo Just 18 percent of respondents said they do not want the GSEs preserved in their current state...Read More
Short Takes: Earnings Season is Upon Us / Business Must be Good at PennyMac / Fidelity National Makes an Acquisition / It’s Not a Malware Problem / Home Loans by (Yes) Homie June 27, 2017 George Brooks and Paul Muolo We kid you not: Home loans from a firm called Homie...Read More
MBA Urges DOJ, HUD to Suspend Future FCA Enforcement Actions June 26, 2017 George Brooks FCA enforcement actions can result in significant damage to a lender’s reputation and bottom line, warns MBA President Dave Stevens.Read More
MBA Asks Supreme Court to Rule in Favor of Employment Agreements with Class-Action Waivers June 26, 2017 Brandon Ivey The trade groups argued that the interpretation that employees have a right under the NLRA to engage in class or collective litigation is “dubious at best.”Read More