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CFPB Chief Wants to Make Sure Consumers are Protected and Companies Aren’t Misteated

January 18, 2018
Thomas Ressler
The first RFI from the CFPB will be on Civil Investigative Demands, which are issued during an enforcement investigation.
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Galton Funding Tests the Non-Agency MBS Waters

January 18, 2018
Brandon Ivey
Most of the mortgages in the MBS were underwritten with full documentation…
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Guild Mortgage Strikes First in What Could Be a Busy 2018 for Mergers and Acquisitions

January 18, 2018
Guild Mortgage, which ranks 21st among all home lenders, has agreed to purchase Cornerstone Mortgage, St. Louis, marking the first acquisition of 2018, a year in which the rollup of smaller lending shops could be significant.
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Short Takes: House GSE Bill Due by Mid-March? / Providing Technical Assistance: the Staff of the FHFA / Time for a Pay Raise for Layton and Mayopoulos? / Hiring Underwriters from Wells Fargo / CFPB’s Mulvaney to Yellen: I Don’t Need Your Money (Right Now)

January 18, 2018
Paul Muolo and Thomas Ressler
If a GSE reform bill does not get signed into law this year, how much longer will the CEOs of Fannie Mae and Freddie Mac stick around?
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New Residential to Raise $440 Million Via Stock Sale. More Acquisitions Ahead?

January 17, 2018
Paul Muolo
The REIT has a current market cap (share price multiplied by number of units outstanding) of $5.27 billion.
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A Slight Production Decline for BofA in 4Q17, but MB Profits Take a Hit

January 17, 2018
Paul Muolo
According to figures compiled by Inside Mortgage Finance, BofA ranked sixth among first lien lenders in the third quarter, but U.S. Bank isn’t too far behind in the number seven spot.
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HUD Secretary Carson Sets Up ‘Order of Succession’ at Ginnie Mae. First Up: Michael Bright

January 17, 2018
Paul Muolo
The Trump White House was slated to nominate mortgage banker David Kittle to head the agency but back in November he grew tired of waiting and withdrew his name from consideration.
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In 4Q17, A Sharp Increase in Prime Jumbo MBS, and Expanded-Credit Deals

January 17, 2018
Brandon Ivey
Expanded-credit MBS – which include loans with alternative documentation, non-qualified mortgages and nonprime loans – hit $4.08 billion in 2017…
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Oh Carol! Former FHA Chief’s Plan to Restructure the Government MI Garners Mixed Reviews

January 17, 2018
George Brooks
Galante is a former FHA commissioner who presently serves as faculty director of the Terner Center for Housing Innovation at the University of California Berkeley. She also sits on the board of Ocwen Financial.
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Short Takes: Freddie Mac, an Actual Lender? / GSEs Working to Revise MI Rescission Relief Policies / The Last Time I Saw Richard / MIAC Selling $71MM of RPLs / Movement Hires Chief Credit Officer

January 17, 2018
Paul Muolo and Thomas Ressler
Fannie Mae and Freddie Mac are working with the nation’s mortgage insurance firms to revise rescission relief principles...
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