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MBA Urges DOJ, HUD to Suspend Future FCA Enforcement Actions

June 26, 2017
George Brooks
FCA enforcement actions can result in significant damage to a lender’s reputation and bottom line, warns MBA President Dave Stevens.
Read More

Fannie Sentiment Survey: Looser Credit, Fewer Servicing Sales

June 26, 2017
Paul Muolo
The new sentiment survey also found that “slightly more lenders” reported they expect to decrease the share of MSR sold...
Read More

MBA Asks Supreme Court to Rule in Favor of Employment Agreements with Class-Action Waivers

June 26, 2017
Brandon Ivey
The trade groups argued that the interpretation that employees have a right under the NLRA to engage in class or collective litigation is “dubious at best.”
Read More

Short Takes: CFPB Seen as Limited by Election Results; Many Factors Contributing to Looser Underwriting; Outlook on Demand for Agency MBS

June 26, 2017
Brandon Ivey
The Consumer Financial Protection Bureau has largely been “defanged” in the aftermath of 2016 elections, according to analysts at FBR Capital Markets.
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Securitization Rates Started Strong in 1Q17, but…

June 23, 2017
John Bancroft
The lag effect was particularly noticeable in the conventional-conforming market…
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Update: Deal Agent Negotiations for Non-Agency MBS Drag On

June 23, 2017
Brandon Ivey
Clayton Holdings was the first firm to receive an assessment from rating services as a deal agent…
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Scores of Trade Groups Push Congress to Dump Single Director Management of the CFPB

June 23, 2017
Thomas Ressler
Groups backing the five-member commission idea include the Mortgage Bankers Association, the Consumer Mortgage Coalition and the Community Mortgage Lenders of America, among others.
Read More

Some Lenders (Like Movement Mortgage) Keep Hiring; Others are Cautious

June 23, 2017
Paul Muolo
Quicken, the nation’s third-largest home loan originator – and number two in retail – is continuing to add positions in “all areas of the business,” said a company official.
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What We’re Hearing: New Rez CEO Not Worried About Ocwen / $425 Million / The CFPB has Been Defanged? / Falling in Love with Nonprime / The GSE Hearings Commence / Sen. Mark Warner’s Constituents (Freddie Employees)

June 23, 2017
Paul Muolo
We can only assume Sen. Warner knows Freddie Mac is headquartered in his state, which means the company’s employees are his constituents.
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Angel Oak Affiliate Prepares its Second Nonprime MBS of the Year

June 22, 2017
Brandon Ivey
The Atlanta-based Angel Oak hopes to double its sales force this year.
Read More
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