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Consumer Advocacy Group Calls for Congressional Investigation into Mulvaney

March 7, 2018
Yemeng Yang
John Czwartacki, senior advisor to Mulvaney, said the email from former payday lending executive Janet Lewis Matricciani was “unsolicited.”
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Fannie Mae Keeping Tabs on the CFPB’s Ability-to-Pay Rule

March 7, 2018
Paul Muolo
Fannie Mae warns that changes could have a material effect on the “quality and quantity of loans available for sale to us.”
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Short Takes: Gary Cohn’s Resignation and the GSEs / Don’t Assume Anything / Fannie Mae’s ‘10 Percent Moment’ / Okay, Now’s the Time / SolomonEdwards Names Ranieri to its Board

March 7, 2018
Paul Muolo
GSE shareholder rights group Investor Unite was quick to pounce on the Pollock blog...
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New York Fed Suggests a Few Improvements to the GSE CRT Programs

March 6, 2018
Carisa Chappell
The New York Fed argues that CRTs have reduced the GSEs’ exposure to mortgage credit risk without disrupting the stability of the secondary mortgage market…
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Warehouse Commitments Begin to Suffer, ‘Usage Levels’ Fall into the Ugly Zone

March 6, 2018
Paul Muolo
With rates rising steadily since late last year and refinancing growing scarce, nonbanks are now experiencing weak origination volumes…
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Mortgage Securities Investors Have Mixed Feelings About the CFPB

March 6, 2018
Brandon Ivey
MBS investors are encouraged the bureau is more willing to listen to industry participants, but they have concerns about assignee liability and grim predictions about increased regulation by the states.
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Promontory MortgagePath Snags Former Top CFPB Attorney to Head Compliance Department

March 6, 2018
Paul Muolo
PMP was founded by former Comptroller of the Currency Eugene Ludwig and mortgage industry veteran Bruce Witherell…
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Impac Set to Report Fourth Quarter Results Next Week

March 6, 2018
Paul Muolo
The company’s largest individual shareholder is Southern California businessman Richard Pickup...
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Short Takes: PIMCO Shows a Strong Interest in RPLs / A Tough Profit Picture for 1Q18? / Thinning the LO Herd? / Texas Capital Weighs In / Stearns Hires Former Caliber Executive

March 6, 2018
Paul Muolo
Texas Capital: “Nonbank competitors may have a pricing advantage as they are not subject to the same capital maintenance requirements..."
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GSE Loan Buybacks Fell Sharply in 4Q17, Second Lowest Reading Ever

March 5, 2018
John Bancroft
Wells Fargo led the pack in GSE buyback activity for the fourth quarter…
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