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New CFPB Chief Plans a Three-Month ‘Listening Tour’

December 12, 2018
Yemeng Yang
Kraninger on the recent name change of the agency: “I care more about what the agency does than what it is called…”
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In the Midst of the Holiday Season, Lenders Feel Glum About 1Q19 Originations

December 12, 2018
Brandon Ivey
Some good news: Fannie chief economist Doug Duncan said continued strength in borrower demographics and the labor market offer hope that conditions should stabilize in 2019 and may even improve.
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Pick of GSE Critic Mark Calabria Will Mark a New Era at the FHFA

December 12, 2018
Paul Muolo
Tom Piercy of Incenter Mortgage Advisors: “Calabria is not an advocate for our industry – but he is also being appointed by the president, who does not want housing to falter between now and 2020.”
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Short Takes: loanDepot Loses its Product Chief / Bill Dallas and Cloudvirga / Kudos on the Calabria Pick from HFSC Chairman Hensarling / A Candidate Himself Once? / A New Hire for Vendor Valuation Partners

December 12, 2018
Paul Muolo
Cloudvirga, at one time, was headed by industry veteran Bill Dallas...
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Subservicing Sector Continues to Grow at a Steady Clip as States Act as ‘Mini-CFPBs’

December 11, 2018
Paul Muolo
Gordon Albrecht of FCI said he’s not surprised the subservicing sector is doing well “because of all the states that keep adding regulations.”
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Retail Lost Share in Major Product Groups

December 11, 2018
John Bancroft
However, retail remains king of the jumbo sector…
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Neuberger Berman Sources Majority of Loans for Non-QM MBS from Sprout Mortgage

December 11, 2018
Brandon Ivey
Based in Henderson, NV, Sprout is a correspondent lender.
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One GSE Shareholder Speaks Up: Calabria Will be Constrained in His Mission to Dissolve Fannie and Freddie

December 11, 2018
Paul Muolo
James Fenkner says Calabria will be “constrained in his mission to dissolve Fannie and Freddie.”
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CFPB Imposes Zero Civil Money Penalty for Violations, Again

December 11, 2018
Yemeng Yang
The CFPB alleged that State Farm violated the Fair Credit Reporting Act.
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Short Takes: The Six Horsemen of the GSE Apocalypse / If You Have to Ask, You’re in Trouble / G-Fees Hold Steady / Plaza Home’s New Tag Line / NAMB Giving Away Software for Free

December 11, 2018
Paul Muolo
NAMB is giving away free software...
Read More
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