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Kraninger Makes Her First Move at CFPB – Halts Name Change Efforts

December 21, 2018
In one of her first acts in office, Director Kathy Kraninger has halted all ongoing efforts related to changing the CFPB’s name.
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Employee Satisfaction at CFPB Plunges, Leadership to Blame

December 21, 2018
Employee satisfaction at the CFPB has taken a big hit over the past year, according to a ranking by nonprofit organization Partnership for Public Service and Boston Consulting Group.
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Other News in Brief

December 21, 2018
Agencies issue guidance on 37 key data fields for HMDA examination; Rep. Maxine Waters formally nominated to chair the House Financial Services Committee.
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EC Lender Angel Oak Gets High Marks in New Report from DBRS

December 20, 2018
Brandon Ivey
Angel Oak is the nation’s third largest expanded-credit lender…
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Mortgage Debt Outstanding Approaching Pre-Crash High Set Back in March 2008

December 20, 2018
John Bancroft
Banks, savings institutions and credit unions held a combined $3.005 trillion of unsecuritizedsingle-family mortgages in portfolio as of Sept. 30…
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Kraninger Kicks the BCFP Name to the Curb, Though Not Entirely

December 20, 2018
Yemeng Yang
Kathy Kraninger: “In other words, we have a legal name but will be using our colloquial name and the branded acronym ‘CFPB.’”
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A Land Rush Into Non-QM Lending? Carrington Preps First Deal

December 20, 2018
Paul Muolo
Carrington President Ray Brousseau said the nonbank is committed to the underserved borrower market…
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Short Takes: loanDepot CEO: Nothing but Blue Skies for Loan Officers / It’s Not Cancelled Until It’s Cancelled / An Op-Ed Counterweight / A Pile of Coal for Stocks / Second LP Analogies / Don’t Look at the Dow / A New CEO for PRMI

December 20, 2018
Paul Muolo
Hindes’ piece is entitled “Fannie and Freddie didn’t get a bailout. It was a stick-up.”
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‘Alternative’ Hedge Fund Varde Ponders Selling Nonprime Unit Deephaven; Other M&A Deals Begin to Percolate

December 20, 2018
Varde Partners, which four years ago purchased fledgling nonprime lender Deephaven Mortgage, Charlotte, NC, is now contemplating selling the company, industry officials who claim to have knowledge of the matter told Inside Mortgage Finance this week.
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FHA Commissioner Montgomery Takes on Added Role as HUD Number Two After Patenaude Departs

December 20, 2018
First, the good news: Department of Housing and Urban Development Secretary Ben Carson appears to be staying put despite recent rumors he might be up for another job in the Trump administration.
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