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White House May Announce an Interim FHFA Director; Meanwhile, Mnuchin Rumors Unravel

November 30, 2018
The White House is moving closer to naming an interim successor to Federal Housing Finance Agency Director Mel Watt, whose term is set to expire in early January, industry sources told Inside MBS & ABS this week.
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Retail Channel Posted Highest FICO Scores in 3Q18

November 30, 2018
John Bancroft
However, average debt-to-income ratios were all over the map…
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Mortgage Servicers in the Crosshairs of the CFPB?

November 30, 2018
Yemeng Yang
“We’ve seen a number of new CIDs issued by the CFPB,” said Ben Olson, a partner at Buckley Sandler.
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Senate Moves Ahead with Kraninger’s CFPB Nomination

November 30, 2018
Yemeng Yang
President Trump nominated Kraninger in June…
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Bank ABS Holdings Slide Lower in 3Q18

November 30, 2018
John Bancroft
Bank investment in ABS backed by commercial and industrial loans grew by 30.6 percent from the midway point in the year.
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Seasonality and Higher Rates Spell Layoffs for Many

November 30, 2018
Paul Muolo
Mortgage recruiter Rick Glass: "Expenses are simply out of alignment. Many shops are telling me they have no more room."
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What We’re Hearing: CNBC ‘Mad Money’ Host Cramer Slams Nonbanks / Questionable Research? / Dan Gilbert of Quicken Fires Back / The Counter-Hedge of Mortgage Servicing Rights / It’s LO Recruiting Season, Pull Out the Check Book / Prestwick MSR Auction / El

November 30, 2018
Paul Muolo
Did CNBC's Jim Cramer do any research on the mortgage industry before he opened his mouth?
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Industry Groups Push for Full Senate Vote on Bright Nomination

November 30, 2018
A coalition of industry groups strongly urged Senate leadership to bring up Michael Bright’s nomination for president of Ginnie Mae for a vote in the full Senate.
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MBA: Origination Profits Down 48.3 Percent from a Year Ago

November 29, 2018
Brandon Ivey
Lenders and their warehouse providers have been openly worrying about thinning profit margins for several quarters now with liquidity a primary concern.
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Former CFPB Deputy Director Raj Date Joins a Fintech Company

November 29, 2018
Yemeng Yang
At one time, Date headed Ethos Lending, a non-QM lending affiliate of Fenway.
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