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Attorneys Expect Changes to CFPB Policy on ‘No Action’ Letters

March 9, 2018
Yemeng Yang
Donald Lampe, a partner in Morrison & Foerster, said: “the basic design of the no-action letter process was not very effective from day one,” because of excessive burdens it imposed on applicants.
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Will the White House Tap Michael Bright to be the Permanent President of Ginnie?

March 9, 2018
Paul Muolo
Before going into government service, Bright co-authored a housing-finance reform paper with former Federal Housing Finance Agency Acting Director Ed DeMarco…
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What We’re Hearing: The Federal Reserve Worries (Big Time) About Nonbank Mortgage Firms / Junk Status / The DeMarco-Bright Plan Critiqued / Finally, a Sensible and Fair Proposal on GSE Reform / Layoffs at Guaranteed Rate

March 9, 2018
Paul Muolo
The Federal Reserve has a name for the credit quality of nonbanks: junk.
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Embrace Home Loans Hires a Deephaven Capital Markets VP to Head Product Innovation

March 8, 2018
Brandon Ivey
Parkes Dibble was previously vice president of capital markets...
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FDIC Ready to Unload $422 Million of HECMs from IndyMac; Average Age of the Borrower: 81

March 8, 2018
Paul Muolo
Incenter and Ferncliff Investments are advising the FDIC on the HECM auction.
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Senate Advances Dodd-Frank Reform Legislation, Bill Would Aid LOs Who Switch Jobs

March 8, 2018
Yemeng Yang
The bill would make it easier for loan officers to continue working if they leave a bank to go to a nonbank or leave a state-licensed shop in one state to go to a new state.
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M&A Market Heats Up for Lenders: Plenty of Buyers; Sellers Wavering? Skyline on the Block?

March 8, 2018
With loan production suffering a noticeable decline in the first two months of the year, several small and medium-sized firms are struggling with profitability, causing intense speculation that the industry could be in for a wicked round of consolidation.
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CFPB Tweaks Bankruptcy Reporting Rules for Mortgage Servicers

March 8, 2018
Paul Muolo
Gordon Albrecht, a senior director at specialty servicer FCI Lender Services, told IMFnews the new CFPB rules, in general, mean “more work and more servicing costs.”
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Short Takes: Risk Sharing Denting GSE Profits? / Time to Put on the Investment Banking Hat? / Someone at HUD Hates Semi-Colons / Now, More than Ever, it Might be Time for All Concerned at HUD to Take the ‘Niceness Pledge’ / Invitation Homes Executive Gets

March 8, 2018
Paul Muolo
Whatever happened to the “niceness” pledge that Carson wanted everyone there to take? Certainly, if there’s a need for niceness at HUD, it might be now…
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GSE Investors Twisting in the Wind

March 7, 2018
Paul Muolo
The way things stand today, the only GSE class of stock worth anything is the senior preferred held by Treasury.
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Latest Imf News

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Featured Data

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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