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CFPB Responds to Rep. Hensarling’s Accusation of Politicization

May 19, 2017
Thomas Ressler
CFPB Director Richard Cordray would love to sit in on a GOP caucus as well.
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Letting the GSEs Build a (New) Capital Buffer: The Devil’s in the Details

May 19, 2017
Paul Muolo
The only way Fannie and Freddie are going to lose money is if there’s a hedging loss. And even then, it will be a non-cash charge…
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What We’re Hearing: Let the M&A Party Begin? / Stocks Long Overdue for a Sell Off? / Walter's Tony Renzi Earns his Paycheck? / Caliber and Citadel Promote Non-QM Loans / A New Hire for Amherst

May 19, 2017
Paul Muolo
But can Walter/Ditech grow its lending business in a highly competitive market?
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JPM Packages Jumbos and GSE-Eligible Loans Into a $1.02 Billion Non-Agency MBS

May 18, 2017
Brandon Ivey
The MBS collateral includes mortgages from several originators, led by wholesaler United Shore Financial Services…
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All Major Loan Categories Saw Big Drops in 1Q17 Originations; GSE Market Hurt the Most

May 18, 2017
John Bancroft
The nonprime residential market is getting more attention as the big product categories hit the skids.
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Rep. Hensarling Slams CFPB Director Cordray for Attending Democratic Caucus

May 18, 2017
Thomas Ressler
House Financial Services Committee chairman Jeb Hensarling believes it’s a done deal that Cordray will run for office in Ohio…
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FHFA Chief Declares G-Fees ‘Appropriately’ Priced; On CRTs, He Admits to Premium Pricing

May 18, 2017
Paul Muolo
Watt noted the CRT coverage has come at a financial cost – and that Fannie and Freddie have been paying a premium.
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Delinquencies Resume Downward Trend in 1Q17, Slight Uptick in Foreclosure Starts

May 18, 2017
Brandon Ivey
Among the 32 servicers in Inside Mortgage Finance’s large delinquency index, only two reported an increase in total late payments…
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Short Takes: About Those GSE Dividend Payments… / Maybe Half a Payment? An IOU? / Money Owed is Money Owed / Mnuchin Targets Second-Half for GSE Reform / New Penn Names New COO

May 18, 2017
Carisa Chappell and Paul Muolo
What if the FHFA cuts the payments and hands Treasury an IOU? The possibilities are endless...
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Co-Marketing Now on CFPB RESPA Enforcement Radar as Zillow Reveals Agency Investigation

May 18, 2017
The latest twist in the Consumer Financial Protection Bureau’s enforcement of the Real Estate Settlement Procedures Act involves certain co-marketing activities. It has recently come to light that the CFPB is investigating Zillow for possible RESPA violations apparently having to do with the firm’s practice of co-marketing with loan officers, real estate agents and mortgage lenders. “For years, many industry participants wondered if allowing their real estate agents or loan officers to engage in co-marketing on Zillow Group applications and websites posed a risk to their companies under RESPA. The industry may soon know the answer,” Richard Andreano, a partner at the Ballard Spahr law firm in Washington, DC, noted in a recent online blog post. Andreano’s post cited...
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