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CFPB’s Oversight Functions Hampered by Freeze on Collection of Personal Information

January 9, 2018
Brandon Ivey
“The CFPB cannot fulfill its core functions without collecting personally identifiable information,” said Sen. Elizabeth Warren, D-MA.
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Non-Agency MBS Issuers to Bring a Flurry of Deals After a Lull in December

January 9, 2018
Brandon Ivey
Redwood Trust is preparing two prime jumbo MBS, JPMorgan Chase has one of its own and an affiliate of Caliber Home Loans plans to issue a nonprime deal.
Read More

In the Wake of Program Changes, HECM Lending Declines in 3Q17

January 9, 2018
George Brooks
The origination of reverse mortgages fell by 7.3 percent on a sequential basis in the third quarter of 2017 in the wake of changes made to the program by FHA.
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Short Takes: Delinquencies Increase / Citi Adopts Digital Platforms / Interest Rate Trends by Credit Score / TMS Plots Growth

January 9, 2018
Brandon Ivey
CoreLogic noted that early-stage delinquencies continued to increase in October in some areas hit by hurricanes.
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New Chief of Staff at CFPB was Staff Director of the House Financial Services Committee

January 8, 2018
Paul Muolo
Kristen Sutton Mork will leave her post as staff director of the House Financial Services Committee to become chief of staff at the Consumer Financial Protection Bureau.
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Short Takes: The Tax Bill and Home Sales / Demand from Buyers Declines / Equity Adds Up / NMI to Take a Tax Hit

January 8, 2018
Brandon Ivey
Enactment of the Tax Cuts and Jobs Act will impact home sales and financials at National Mortgage Insurance Corp., among many other areas.
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Rep. Hensarling Announces that the CFPB has a New Chief of Staff: His Staff Director at the HFSC

January 6, 2018
Paul Muolo
Rep. Hensarling said Mork will assume her new role in the coming weeks.
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Looks Like Mortgage Lenders are Over-Reserving for GSE Buybacks

January 5, 2018
Carisa Chappell
It appears that many lenders may have what is known in the industry as “redundant reserves”…
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Situs Strikes Again in the Residential Space, Agrees to Buy MSR Broker MountainView

January 5, 2018
Paul Muolo
Back in May, the New York-based Situs bought The Collingwood Group, a Washington, DC-based consulting firm...
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What We're Hearing: And Now for a Word About Dow 25,000 / A 2 Percent FRM, Finally? / A Former Fannie Mae CEO and the U.S. Budget / Citadel CEO Perl Bullish on Non-QM / Hensarling Headed to Wall Street?

January 5, 2018
Paul Muolo
What's next for Jeb Hensarling? FHFA or Wall Street?
Read More
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