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Inside the CFPB
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Procedural Move by Dems Slows Markup of Financial CHOICE Act

May 3, 2017
Thomas Ressler
During debate on H.R. 10, the Democrats used a procedural maneuver to force a reading of a large portion of the bill’s text…
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Short Takes: Mnuchin to the GSEs: Keep Those Checks Coming / Speculation on a Payment Change / Ocwen Makes Some Headway / 735,000 Loan Mods and Counting / First Mr. Cooper, Now Morty

May 3, 2017
Brandon Ivey and Paul Muolo
Perhaps the new Treasury secretary finally looked at the numbers, realizing that Fannie and Freddie – wards of the government since September 2008 – forked over roughly $20 billion to Uncle Sam…
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Impact Unclear in Miami-Predatory Lending Supreme Court Case

May 2, 2017
Brandon Ivey
Some analysts believe the Supreme Court’s ruling will result in the filing of new claims, but the Buckley Sandler law firm sees it differently...
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House Financial Services Committee Begins Markup of ‘CHOICE’ Act; Process Could Last Days

May 2, 2017
Thomas Ressler
The Mortgage Bankers Association, for its part, expressed strong support for some provisions of the Hensarling bill…
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Short Takes: Mr. Who? / What were the Other Choices? / Cerberus Readies MBS Backed by Seasoned Loans / What Works Best for Freddie’s Profits / Help Wanted: Idaho Mortgage Banker

May 2, 2017
Brandon Ivey and Paul Muolo
If Mr. Cooper was the first choice, what were the others?
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Proposed Changes from S&P to Non-Agency MBS Rating Criteria Would Favor Prime Mortgages

May 1, 2017
Brandon Ivey
S&P said the revisions are intended to better reflect the evolution of the U.S. residential mortgage market over the past several years…
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At Secondary Conference, MBA Chief Calls GSE Recap & Release ‘Crazy’

May 1, 2017
Paul Muolo
Stevens credited the Federal Housing Finance Agency with making “significant progress” in fixing the flaws of Fannie and Freddie...
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CFPB Warns of ATR Issue with Non-QMs

May 1, 2017
Brandon Ivey
The regulator cautioned that a large downpayment alone isn’t sufficient to prove a borrower’s ability to repay a non-QM that is based on the consumer’s assets.
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Democrats to Have Their Own Hearing on ‘Wrong Choice’ Act

April 28, 2017
Thomas Ressler
The Republicans made a big splash earlier this week promoting the Hensarling bill, motivating the Democrats to employ a parliamentary ploy that has not been used in the committee in 20 years.
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ABS Market Roared to Life After Lethargic End to 2016, Big Gains in Card and Car Deals

April 28, 2017
A lot of ABS issuers that sat out the final three months of 2016 came back to the market early this year, according to a new Inside MBS & ABS analysis and ranking. Some $53.38 billion of non-mortgage ABS were issued during the first quarter, a huge 55.9 percent jump from the previous three-month period. The market didn’t quite match the high point of last year, but issuance in the first three months of 2017 was up 23.1 percent from the same period in 2016. First-time issuers and those that didn’t issue in the fourth quarter accounted...[Includes two data tables]
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