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Judge Affirms Mulvaney as CFPB Acting Director, Industry to Look for Regulatory, Enforcement Relief

November 30, 2017
The new boss at the Consumer Financial Protection Bureau – Mick Mulvaney – wasted no time this week in beginning to steer a new course for the controversial agency.
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Acting Ginnie Mae President Michael Bright Makes His Pitch to Have Ginnie be the Big Kahuna of Government MBS

November 30, 2017
Paul Muolo
Industry lobbyists believe one key legislator in favor of the Ginnie concept is House Financial Services Committee chairman Jeb Hensarling, R-TX…
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Guaranteed Rate National Sales Chief Jim Linnane Departs

November 30, 2017
Paul Muolo
Earlier this week, GR promoted two senior vice presidents – James Elliot and Chris Knapp – giving them additional responsibility over sales and recruiting…
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With Mulvaney in Charge of the CFPB, Industry Hopes for a Kinder, Gentler Agency

November 30, 2017
Thomas Ressler
Mulvaney’s ascension has raised expectations the bureau will alter its legal positions in high-profile cases such as those involving Ocwen Financial and PHH…
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VA and CFPB Issue Warning on Aggressive Refi Solicitations

November 30, 2017
George Brooks
Acting Ginnie Mae president Michael Bright said the task force is examining critical issues, important data and lender behaviors related to refinancing loans…
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With Mulvaney Confirmed as CFPB Acting Director, What Happens to English?

November 29, 2017
Thomas Ressler
There are reports that Leandra English’s effort to unseat Mulvaney has been financed by an anonymous group of donors...
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Latest Nonprime MBS from Angel Oak Met with Strong Demand from Investors

November 29, 2017
Brandon Ivey
The Angel Oak family of companies could originate more than $1.0 billion of non-QMs this year…
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With Kittle Backing Away from Top Ginnie Job, Michael Bright May be Trump’s Pick

November 29, 2017
Paul Muolo
“Basically, David [Kittle] came to the conclusion that it just wasn’t worth the wait,” said one industry lobbyist...
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Banks and Residential MBS – the Love Affair Continued in 3Q17

November 29, 2017
John Bancroft
Some $25.94 billion of the industry-wide increase was booked by the three largest bank MBS investors…
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Short Takes: Watt and Treasury, is there a Deal? / GSE MBS Investors May Want More Yield / FGMC Cuts Staff / PIMCO, the Owner / Senate Banking Clears Montgomery for the FHA Job

November 29, 2017
Paul Muolo and George Brooks
Come Jan. 1, rates may spike thanks to zero GSE capital...
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