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‘Expanded Credit’ Originations Increase Ever so Slightly in 3Q17

November 27, 2017
Brandon Ivey
Non-QMs account for the bulk of expanded-credit originations, with a 78.0 percent share…
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Former FHA Commissioner/Ocwen Director Galante Suggests Raising the FHA Capital Ratio

November 27, 2017
George Brooks
Galante called for stronger capital reserves that could withstand the level of economic stress of the last recession.
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Impac President William Ashmore Has Left the Building

November 27, 2017
Paul Muolo
The lender/servicer is expected to name a successor to Ashmore shortly…
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Wells Fargo has its Executives on a Short Leash

November 27, 2017
Paul Muolo
When Codel was let go he forfeited restricted stock options…
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New CFPB Acting Director Mulvaney Tells Staff He’s in Charge

November 27, 2017
Paul Muolo and Thomas Ressler
OMB Director Mick Mulvaney arrived on G Street Monday morning, carrying a brown shopping bag and declaring he was the acting director of the CFPB…
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Short Takes: Don’t Ask Us, Try OMB / English has OMB Roots / Radian Sells Clayton Unit / Subprime Standards Tighten / Guild Expands into North Dakota

November 27, 2017
Brandon Ivey, Paul Muolo, and Thomas Ressler
Guild Mortgage, San Diego, has expanded its presence in the Midwest...
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New (Acting) CFPB Director Mulvaney: We Will Run This Agency Differently Than the Previous Administration

November 27, 2017
Paul Muolo and Thomas Ressler
Meet the CFPB's new boss – he's nothing like the old boss...
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Two Acting Directors Named. Who’s in Charge at the CFPB?

November 26, 2017
Paul Muolo
The White House, though, expects English to show up for work Monday morning as deputy director – and not acting director.
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Mortgage M&A Activity Increases, but as Year Draws to a Close, No Major Deals are Expected

November 22, 2017
The sale of mortgage banking franchises and asset-related acquisitions are gaining traction as the year draws to a close, but dealmakers aren’t expecting any blockbuster moves before yearend. According to interviews conducted by Inside Mortgage Finance with investment banking advi-sors, many lenders remain profitable and are enjoying a 2017 that turned out to be better than expected in terms of origination volume.
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With Kittle Backing Away from Top Ginnie Post, Acting Pres. Michael Bright May Be Next Choice

November 22, 2017
Ginnie Mae has been without a permanent president for roughly 10 months now, but so far inves-tors don’t seem to be balking at buying agency MBS. But that doesn’t mean the market – as well as stakeholders – aren’t getting nervous about the situation.
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