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Trump Nominates Central Banker Who was Critical of Fed’s MBS Purchases

December 1, 2017
Thomas Ressler
The nominee was critical of the Fed’s response to the 2008 financial crisis and its purchases of MBS...
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Walter, Parent of Nation’s 11th Largest Servicer, Files Prepackaged Bankruptcy Plan. Share Price Spikes, but…

December 1, 2017
Paul Muolo
At press time, Walter’s share price was up 38 percent on the day to $0.52. However, its five-year high is $45.92.
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What We’re Hearing: Yes, There’s a Senate GSE Reform Bill in the Works / Acting Ginnie Mae President Has Some MBS Ideas / How Many Loss Positions are There? / The Mulvaney Effect? / Ranieri will Stick Around

December 1, 2017
Paul Muolo
Mick Mulvaney has been in charge of the CFPB all week and we’ve yet to hear one prediction that subprime mortgage lending will revive with a vengeance…
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With Mulvaney in Charge of the CFPB, Industry Hopes for a Kinder, Gentler Agency

November 30, 2017
Thomas Ressler
Mulvaney’s ascension has raised expectations the bureau will alter its legal positions in high-profile cases such as those involving Ocwen Financial and PHH…
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VA and CFPB Issue Warning on Aggressive Refi Solicitations

November 30, 2017
George Brooks
Acting Ginnie Mae president Michael Bright said the task force is examining critical issues, important data and lender behaviors related to refinancing loans…
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Acting Ginnie Mae President Michael Bright Makes His Pitch to Have Ginnie be the Big Kahuna of Government MBS

November 30, 2017
Paul Muolo
Industry lobbyists believe one key legislator in favor of the Ginnie concept is House Financial Services Committee chairman Jeb Hensarling, R-TX…
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Guaranteed Rate National Sales Chief Jim Linnane Departs

November 30, 2017
Paul Muolo
Earlier this week, GR promoted two senior vice presidents – James Elliot and Chris Knapp – giving them additional responsibility over sales and recruiting…
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MBA: Origination Profits Declined in 3Q17

November 30, 2017
Paul Muolo
For lenders, the killer was rising expenses: $8,060 in 3Q17 compared to $7,774 in the second quarter…
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Judge Affirms Mulvaney as CFPB Acting Director, Industry to Look for Regulatory, Enforcement Relief

November 30, 2017
The new boss at the Consumer Financial Protection Bureau – Mick Mulvaney – wasted no time this week in beginning to steer a new course for the controversial agency.
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Short Takes: Trump Making a CFPB Short List / Appeal Expected but So Far Nothing / Not on the Merits… / CapLoc Looking for Warehouse Chief / LendingTree on a Roll

November 30, 2017
Paul Muolo and Thomas Ressler
A handful of warehouse managers told IMFnews that a head-hunter hired by CapLoc contacted them about running the firm's warehouse initiative...
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