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What We’re Hearing: The Senate Waiting Game and Mark Calabria / What Might Mnuchin Come Up With? / Otting and Mnuchin and One West / Angelo Mozilo Makes it Rain Once More / MorVest’s MSR Auction / George Bailey Lives (A VA Story) / A Short Publishing Brea

December 21, 2018
Paul Muolo
The news of Otting’s appointment and what might transpire afterwards did nothing to boost the share price of Fannie and Freddie common...
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Under Kraninger, CFPB to Look at Enforcement, Rulemaking Afresh

December 21, 2018
In her first public remarks as CFPB director, Kathy Kraninger has signaled a fresh start for the consumer watchdog.
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Kraninger Makes Her First Move at CFPB – Halts Name Change Efforts

December 21, 2018
In one of her first acts in office, Director Kathy Kraninger has halted all ongoing efforts related to changing the CFPB’s name.
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Employee Satisfaction at CFPB Plunges, Leadership to Blame

December 21, 2018
Employee satisfaction at the CFPB has taken a big hit over the past year, according to a ranking by nonprofit organization Partnership for Public Service and Boston Consulting Group.
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Other News in Brief

December 21, 2018
Agencies issue guidance on 37 key data fields for HMDA examination; Rep. Maxine Waters formally nominated to chair the House Financial Services Committee.
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EC Lender Angel Oak Gets High Marks in New Report from DBRS

December 20, 2018
Brandon Ivey
Angel Oak is the nation’s third largest expanded-credit lender…
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Mortgage Debt Outstanding Approaching Pre-Crash High Set Back in March 2008

December 20, 2018
John Bancroft
Banks, savings institutions and credit unions held a combined $3.005 trillion of unsecuritizedsingle-family mortgages in portfolio as of Sept. 30…
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Kraninger Kicks the BCFP Name to the Curb, Though Not Entirely

December 20, 2018
Yemeng Yang
Kathy Kraninger: “In other words, we have a legal name but will be using our colloquial name and the branded acronym ‘CFPB.’”
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A Land Rush Into Non-QM Lending? Carrington Preps First Deal

December 20, 2018
Paul Muolo
Carrington President Ray Brousseau said the nonbank is committed to the underserved borrower market…
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Short Takes: loanDepot CEO: Nothing but Blue Skies for Loan Officers / It’s Not Cancelled Until It’s Cancelled / An Op-Ed Counterweight / A Pile of Coal for Stocks / Second LP Analogies / Don’t Look at the Dow / A New CEO for PRMI

December 20, 2018
Paul Muolo
Hindes’ piece is entitled “Fannie and Freddie didn’t get a bailout. It was a stick-up.”
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