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Inside the CFPB
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Short Takes: Looser Condo Rules from FHA? / Sterne Agee Not Optimistic on Nationstar / Some Good News from Ocwen (Sort of) / Strong CRE Volume from Auction.com / The Sky is Falling: the Fed May Hike Rates

October 29, 2015
Paul Muolo
There was some good news from Ocwen: the company earned $44.2 million from servicing sales...
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Mortgage Complaints in the Windy City on Par with National Average

October 28, 2015
Thomas Ressler
Of the 21,100 complaints submitted by consumers in the region, 27 percent have been related to mortgages.
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FHFA Rule on ‘Captives’ and FHLB Could End in a Compromise

October 28, 2015
Paul Muolo
Although the FHFA received more than 1,300 comments on proposed changes to its membership rules, it has yet to issue a final regulation.
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Lenders Get Ready: Hispanic Borrowers Could Provide a Surge in Originations

October 28, 2015
Carisa Chappell
In addition to alternative credit scoring models and low downpayment products, panelists suggested more public/private partnerships are needed to create affordable housing communities.
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Short Takes: Will Ocwen Short-Sellers Get Squeezed? / What Will Faris Say About Origination Growth? / Another Loss for NMI / Guild Sets Origination Record / NYDFS Chief Albanese Departs

October 28, 2015
Paul Muolo
The privately held Guild Mortgage, San Diego, said it funded $10.7 billion in home mortgages through the first nine months of 2015...
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Mortgage Trade Group Chief Marc Savitt to Run for Congress, Again

October 26, 2015
Paul Muolo
As the head of the NAIHP, Savitt has been a frequent critic of the Consumer Financial Protection Bureau...
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Short Takes: $500,000 the New GSE Loan Limit? / Coming Soon: The GSE Scorecard / CEO Pay Capped? / Declining Earnings and Revenue for ASPS / Mortgage Network Opens New Office in West Roxbury

October 26, 2015
Paul Muolo
In other GSE news, the Senate version of legislation to cap CEO salaries at Fannie and Freddie is moving along and a vote could happen this week…
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Fannie, Freddie CEOs Urge Patience to the Industry on the Single GSE Security

October 23, 2015
John Bancroft
The CSP joint venture is staffed and “no longer living like poor cousins” at the GSEs themselves.
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Industry has PHH’s Back in RESPA Battle Against CFPB

October 23, 2015
Thomas Ressler
When the CFPB assumed RESPA enforcement from HUD in July 2011, it pledged to apply its predecessor’s official commentary, guidance and policy statements until further notice, the brief argues.
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GSEs, Regulator Advise Patience on Single Security As Fannie and Freddie Stick to the Game Plan

October 23, 2015
Fannie Mae and Freddie Mac rolled into their eighth year of government conservatorship pushing forward the two major reforms they can accomplish under their existing charters: selling off a significant portion of the credit risk on their current business and building a new MBS platform. Top officials from the two government-sponsored enterprises urged the industry to be patient about the launch of the common securitization platform and, a little further down the road, the single security for GSE to-be-announced MBS. “It will happen...
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