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Mnuchin Hoping for Congress to Complete Bipartisan Housing Finance Reform in Next Term

July 13, 2018
Brandon Ivey
Congress should complete bipartisan housing finance reform during the two year term that begins in January, according to Treasury Secretary Steve Mnuchin...
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Latest Expanded-Prime MBS from Redwood Somewhat Smaller than Previous Deals

July 13, 2018
Brandon Ivey
Sequoia Mortgage Trust 2018-CH3 will be a $416.96 million issuance, according to a presale report by Kroll Bond Rating Agency.
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Short Takes: Administrative Reform of the GSEs / Opinion on Government Guarantee / VA Lenders Could Close Over ‘Orphan’ Mess / End of LIBOR a ‘Certainty’

July 13, 2018
Brandon Ivey
If Congress is unable to pass housing finance reform, Steven Mnuchin, secretary of the Treasury Department, said on Thursday that the Treasury will “look at administrative options.”
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GSE Single-Family Business Up Modestly in 2Q18 as Purchase Market Kicks In

July 12, 2018
John Bancroft
All of the growth in GSE volume came from the purchase-mortgage side of the business…
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Supreme Court Takes Case on Non-Judicial Foreclosures

July 12, 2018
Brandon Ivey
Some courts have determined that because non-judicial foreclosures don’t technically obligate borrowers “to pay money,” protections from the FDCPA aren’t available.
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NRL Mortgage Increasing Staff, Will Expand Into New Markets

July 12, 2018
Brandon Ivey
A retail lender, the Houston-based NRL has increased staff at a branch in Cincinnati by 25 percent this year…
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PiperJaffray: Lenders are Cutting Costs but It’s Not Enough. LO Pay Must Come Down

July 12, 2018
Paul Muolo
Consultant David Lykken said some mortgage bankers believe LO comp is “untouchable,” but he strongly disagrees…
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Financial Services Industry Wants ‘Binding’ Guidance from the CFPB

July 12, 2018
Yemeng Yang
The American Bankers Association argues the CFPB should acknowledge the bureau is bound by the guidance it issues…
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Short Takes: FHA in a Hiring Mode / CAIVRS, Old as Dirt? / Likening the GSEs to ‘The Blob’ And His Son / Level One Ponies up to the Mortgage Bar / MSR Auction from The Prestwick Group

July 12, 2018
Paul Muolo
One slide in the GSE presentation is entitled, “The Blob and the Return of the Blob,” a reference to the horror movie classics of the late 1950s…
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Officials at Online Mortgage Brokerage Top Survey of Nonbank Executives Last Year

July 12, 2018
The table-funding sector may be a shadow of its former self, but the man who founded and heads the nation’s only publicly traded mortgage brokerage firm took home $59.6 million in total compensation last year, according to a new tally from Inside Mortgage Finance. [Includes one data chart.]
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