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Inside the CFPB
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Short Takes: Bulk Servicing Auctions? / Rates May Fall / Congrats to Dr. Carson on Landing the HUD Job, Though Not From All / The Listener? / Ocwen Debt Exchange

December 6, 2016
Paul Muolo
The bulk servicing market has been quiet lately. But all that could change soon...
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Short Takes: What Goes Up, Must Come Down (GSE Share Prices) / An ‘Underperform’ Rating / Buy Low, Sell High Accomplished / Urban Revitalization, a HUD Goal for Ben Carson? / New Hires for Alterra Home Loans

December 5, 2016
Paul Muolo
We know one mortgage official who bought “a bunch” of Fannie Mae shares at $1.38...
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Trump Nominates Dr. Carson for HUD Secretary; Speculation Begins on FHA Premium Cuts

December 5, 2016
Cowen adds the nomination “also leaves the door open to FHA premium cuts, though the real driver of that will be the pick of an FHA commissioner.”
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SFIG Proposes Standards for ABS from Marketplace Lenders

December 5, 2016
Brandon Ivey
SFIG’s Marketplace Lending Committee includes 250 individuals representing more than 70 companies.
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Now that the HUD Job is Settled, Speculation Begins on Trump’s Pick for FHA Commissioner

December 5, 2016
Paul Muolo
Cowen adds the nomination “also leaves the door open to FHA premium cuts, though the real driver of that will be the pick of an FHA commissioner.”
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HUD Eases FHA Outsourcing Rules. HR Departments in Play?

December 5, 2016
George Brooks
HUD decided to ease the HR rules in new guidance issued at the end of November...
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Allied Home Mortgage on the Hook for $93 Million of Damages in FHA Case

December 2, 2016
George Brooks
The case against Allied Home Mortgage stemmed from a “whistleblower” action filed in Boston back in 2011.
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Can a Former MBS Trader Successfully Privatize the GSEs? And What About the Government Guaranty?

December 2, 2016
Paul Muolo
Cowen & Co. believes there’s now a 65 percent chance that GSE reform will happen over the next two years.
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Can Former MBS Trader Steve Mnuchin Privatize the GSEs? And What About the Government MBS Guaranty?

December 2, 2016
Shortly after being nominated by President-elect Donald Trump to be his Treasury secretary, investment banker Steve Mnuchin midweek dropped a bombshell on the mortgage market: Ending the conservatorships of Fannie Mae and Freddie Mac would be a top priority. For the most part, the mortgage industry cheered the news, believing that at the very least, Mnuchin would preserve the federal guaranty on existing MBS and into the future. In fact, the market seems to be betting on it. But now comes...
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DOJ’s MBS Case Against Deutsche Bank Could Be A Conflict of Interest for the Trump Administration

December 2, 2016
Democrats in the House Financial Services Committee raised concerns last week about how the Department of Justice will handle MBS-related charges against Deutsche Bank with President-elect Donald Trump set to take office. The Democrats called for strong oversight by eight inspectors general involved with regulators of the financial services industry, noting potential conflicts due to Trump’s business interests. “While federal ethics rules require nearly all government employees to recuse themselves from matters that affect their outside financial interests, these rules do not apply...
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