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Trump Picks Career Government Official to Head the CFPB. A Way to Keep Mulvaney in Charge?

June 18, 2018
Paul Muolo
Cowen: “We see the nomination of Kathy Kraninger as a way to keep OMB Director Mick Mulvaney in charge of the Consumer Financial Protection Bureau for years to come..."
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Prestwick Selling Fannie MSR Package Into a Strong Market

June 18, 2018
Paul Muolo
Prestwick’s George Christo cites “float earnings” as a significant value driver…
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Should the FHFA Set Operational Standards for Mortgage Servicers? Rep. Waters Readies Bill

June 18, 2018
Paul Muolo
Mortgage servicers believe they already face intense regulatory scrutiny...
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Short Takes: CFPB Nominee’s LinkedIn Profile / Kraninger is a Radical Pick for Trump – She’s a Career Bureaucrat / The Thumb’s Up from Hensarling / FTC Action Against CoreLogic / A SC Branch for Mortgage Network

June 18, 2018
Brandon Ivey and Paul Muolo
Rep. Jeb Hensarling: "I’m confident that, under Kathy’s leadership, gone are the days of wasting more than $240 million of taxpayer money to renovate a building it doesn’t even own and paying staff to perform research that has nothing to do with the Bureau’s mission..."
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Flagstar Increases Due Diligence Sample Size with Latest Prime Non-Agency MBS

June 15, 2018
Brandon Ivey
Some rating services have concerns that a 20.0 percent due diligence sample rate is too low…
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MountainView Offers Fannie/Freddie MSR Portfolio

June 15, 2018
Paul Muolo
The average loan size of the package is $224,106…
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Credit Rating Agencies Find Interest-Only Loans Have Returned With a Vengeance to CMBS Conduit Pools

June 15, 2018
The share of interest-only loans in commercial MBS conduits has risen to near-peak levels last seen in 2007 as underwriting deteriorates, according to major credit rating agencies.
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MBS Outstanding on a Steady Growth Track. Ginnie MBS Balance: $1.83 Trillion

June 15, 2018
John Bancroft
Year over year, MBS outstanding grew by 4.8 percent, according to a new tally from Inside MBS & ABS…
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CFPB Doesn’t Have to Make Complaints Public. However…

June 15, 2018
Yemeng Yang
The CFPB is considering cutting off public access to the complaint database, which was launched in 2012 under former Director Richard Cordray.
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What We’re Hearing: There Goes the GSE Footprint / MBA Chief Tackles GSE Stock Speculators / Underwater: Pershing Square / Fannie-Freddie Charter Creep or are They Just Helping the Little Guy? / New Hires for TCF

June 15, 2018
Paul Muolo
It’s official: The Treasury Department’s goal is to reduce the footprint of Fannie Mae and Freddie Mac. Who says so? Treasury counselor Craig Phillips...
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Latest Imf News

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