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Two Acting Directors Named. Who’s in Charge at the CFPB?

November 26, 2017
Paul Muolo
The White House, though, expects English to show up for work Monday morning as deputy director – and not acting director.
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Mortgage M&A Activity Increases, but as Year Draws to a Close, No Major Deals are Expected

November 22, 2017
The sale of mortgage banking franchises and asset-related acquisitions are gaining traction as the year draws to a close, but dealmakers aren’t expecting any blockbuster moves before yearend. According to interviews conducted by Inside Mortgage Finance with investment banking advi-sors, many lenders remain profitable and are enjoying a 2017 that turned out to be better than expected in terms of origination volume.
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With Kittle Backing Away from Top Ginnie Post, Acting Pres. Michael Bright May Be Next Choice

November 22, 2017
Ginnie Mae has been without a permanent president for roughly 10 months now, but so far inves-tors don’t seem to be balking at buying agency MBS. But that doesn’t mean the market – as well as stakeholders – aren’t getting nervous about the situation.
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Publicly Traded Mortgage Firms Not Exactly Setting the World on Fire

November 21, 2017
Paul Muolo
Industry observers contend Ocwen, another money-losing company, would love to find a merger partner, but must first resolve its regulatory problems…
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Flagstar Rolls Out Zero-Down Product With Closing Cost Assistance

November 21, 2017
George Brooks
Qualified borrowers need not worry about repaying the closing-cost amount, Flagstar said...
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Short Takes: United Wholesale Rules the Table-Funding Roost / Wells Fargo the King of Correspondent / Beware the Dow Jones / Another Top Executive Departs

November 21, 2017
Paul Muolo
When the Dow Jones corrects, rates will plunge. Right?
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Publicly Traded Nonbanks Post Earnings Gain for 3Q17 – Thanks to PennyMac

November 21, 2017
John Bancroft
Excluding PennyMac, the eight remaining nonbanks had a combined $41.21 million net loss on mortgage banking activity…
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FHA’s ‘Tangible Benefit Test’ Might be the Solution to VA’s Churning Problem

November 21, 2017
George Brooks
However, a tool currently used by FHA appears to be an obvious solution to the churning problem…
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One Week After Cordray Declared He’s Leaving the CFPB, Trump Still Hasn’t Named a Replacement

November 21, 2017
Thomas Ressler
So, where’s Mick?
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A 40-Page GSE ‘Draft’ Bill is Circulating in the Senate

November 21, 2017
Paul Muolo
As press time, details were sketchy, but lobbyists who claim to have knowledge of the draft caution there are several “different pieces” to the measure...
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Latest Imf News

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