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What to Expect Under Mulvaney: Less Hostility Toward Industry

January 10, 2018
Thomas Ressler
CFPB Acting Director Mick Mulvaney has less than 200 calendar days left to occupy the director’s chair, so industry officials have been wondering what they can expect from the bureau as long as he’s in charge.
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Short Takes: Delinquencies Increase / Citi Adopts Digital Platforms / Interest Rate Trends by Credit Score / TMS Plots Growth

January 9, 2018
Brandon Ivey
CoreLogic noted that early-stage delinquencies continued to increase in October in some areas hit by hurricanes.
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Large Lenders Increase their Share of GSE Business in Fourth Quarter

January 9, 2018
John Bancroft
The top five sellers to Fannie Mae and Freddie Mac posted a combined 14.1 percent increase in volume from the third to the fourth quarter, boosting their share of the market to 38.4 percent.
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CFPB’s Oversight Functions Hampered by Freeze on Collection of Personal Information

January 9, 2018
Brandon Ivey
“The CFPB cannot fulfill its core functions without collecting personally identifiable information,” said Sen. Elizabeth Warren, D-MA.
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Non-Agency MBS Issuers to Bring a Flurry of Deals After a Lull in December

January 9, 2018
Brandon Ivey
Redwood Trust is preparing two prime jumbo MBS, JPMorgan Chase has one of its own and an affiliate of Caliber Home Loans plans to issue a nonprime deal.
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In the Wake of Program Changes, HECM Lending Declines in 3Q17

January 9, 2018
George Brooks
The origination of reverse mortgages fell by 7.3 percent on a sequential basis in the third quarter of 2017 in the wake of changes made to the program by FHA.
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Short Takes: The Tax Bill and Home Sales / Demand from Buyers Declines / Equity Adds Up / NMI to Take a Tax Hit

January 8, 2018
Brandon Ivey
Enactment of the Tax Cuts and Jobs Act will impact home sales and financials at National Mortgage Insurance Corp., among many other areas.
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New Chief of Staff at CFPB was Staff Director of the House Financial Services Committee

January 8, 2018
Paul Muolo
Kristen Sutton Mork will leave her post as staff director of the House Financial Services Committee to become chief of staff at the Consumer Financial Protection Bureau.
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Rep. Hensarling Announces that the CFPB has a New Chief of Staff: His Staff Director at the HFSC

January 6, 2018
Paul Muolo
Rep. Hensarling said Mork will assume her new role in the coming weeks.
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Situs Strikes Again in the Residential Space, Agrees to Buy MSR Broker MountainView

January 5, 2018
Paul Muolo
Back in May, the New York-based Situs bought The Collingwood Group, a Washington, DC-based consulting firm...
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