Short Takes: FHFA Ignoring HERA? / A Refresher Course / How Fannie and Freddie Dismantled Legislative Bomb Threats / A Large RPL Auction from Fannie / OCC to Finally Weigh In on Fintech June 14, 2018 Paul Muolo It might be said that OFHEO was a weak federal regulator...Read More
CFPB to Tailor Enforcement Based on Scale and Intent of Violations June 13, 2018 Yemeng Yang Mick Mulvaney: “If you are doing something less than one-tenth of 1 percent of the time, maybe it’s evidence of a lack of criminal intent…”Read More
MBS Business Up Modestly, but GSE Credit Box Unchanged June 13, 2018 John Bancroft In the first quarter, average credit scores on purchase mortgages were virtually unchanged…Read More
When the Going Gets Tough, the Tough Cut LO Pay June 13, 2018 Paul Muolo Aggressive nonbank lenders are willing to offer 100 to 200 basis points per loan…Read More
Merrill Lynch Faulted by SEC for Non-Agency MBS Trading Practices from 2009 through 2012 June 13, 2018 Brandon Ivey In settling with the SEC, Merrill Lynch did not admit or deny the findings…Read More
THL Closes on Investment in Guaranteed Rate. Nonbank Anticipates Record Production This Year June 13, 2018 Paul Muolo Despite heralding the investment made by Thomas H. Lee Partners, Guaranteed Rate will not say how much the PE firm invested or how large of a stake it acquired…Read More
Short Takes: Budget Cuts at the CFPB? / BCFP not CFPB / Sounding the Alarm on U.S. Debt / A Flow Servicing Platform Run by the GSEs / A New Hire for United Fidelity June 13, 2018 Paul Muolo Do federal deficits even matter anymore? Jeff Gundlach thinks so...Read More
Mortgage M&A Mania has Finally Arrived. Who’s Next? June 12, 2018 Paul Muolo Mark Stafford, managing director of MS Capital Advisors: “Margin compression is real and many companies lost money in the first quarter.”Read More
Lenders Pessimistic About Profit Margins for 3Q18, Cuts to Staff Expected June 12, 2018 Brandon Ivey Fannie Mae: “We expect this will prompt businesses to turn to cost-cutting..."Read More
FHFA Proposes Minimum Capital Requirements for Fannie and Freddie. An RBC ‘Bill’ of $181 Billion June 12, 2018 Paul Muolo By comparison, commercial banks must have tier 1 capital of 8.0 percent of risk-weighted assets. Read More
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