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Under the Radar: CFPB Conducting Fair Lending Probes

June 13, 2019
Yemeng Yang

In some cases the bureau has even targeted nonbanks even though these institutions – by law – are not covered by the Community Reinvestment Act... 


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In Need of a Recovery: The Home Equity Lending Sector

June 13, 2019
John Bancroft

It was the weakest reading on home-equity originations since early 2015, when production of closed-end seconds and new borrowing on home-equity lines of credit totaled an estimated $38.0 billion.


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Short Takes: Coming Clean on GSE CRTs / Do a Study / A World Dying for Yield / The CFPB is Doing What? / New Rez Readies New MBS / A Major Spike in Loan Applications / Waterstone Promotes Ziebell to GC

June 12, 2019
Brandon Ivey, Paul Muolo, and Yemeng Yang

Apparently, the Consumer Financial Protection Bureau is busy pursuing fair lending supervision and enforcement cases. Stay tuned...


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Annaly Readies Another Non-Agency MBS, This One Backed by GSE-Eligible Investment-Property Loans

June 12, 2019
Brandon Ivey

Issuers say they receive better execution on GSE-eligible investment-property loans in the non-agency market rather than delivering the collateral directly to Fannie and Freddie...


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Short Takes: Withering on the Vine in Mortgageland: Commercial Banks / Ocwen: Transfer Complete / Ocwen Changes Brand Name to PHH Mortgage / Alert: HECM Damage in Progress / Angel Oak Sees Big Gains Ahead for Non-QM

June 11, 2019
Paul Muolo

Looks like Ocwen is pushing the button on a name change and it's not Newco...


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Securitization ‘Fallback’ Lingo Drafted for the End of LIBOR

June 11, 2019
Brandon Ivey

Tom Wipf of Morgan Stanley: "It’s time that all market participants transition their products away from U.S. dollar LIBOR where possible..."


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When it Comes to Jumbos, Retail is Still the King

June 11, 2019
Brandon Ivey

Bank of America, the nation’s second largest jumbo producer, only uses the retail channel…


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An Uptick in Warehouse Activity but Worries Remain

June 11, 2019
Paul Muolo

One West Coast-based manager singled out what he called “low-ball pricing”...


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Short Takes: Are the GSEs SIFI? It All Depends / No Witness List Yet for the Hearing / Phillips’ Replacement? / An M&A Deal Among Vendors / GAO Weighs in on Carson’s Spending Habits

June 10, 2019
Paul Muolo
Is the vendor sector ripe for M&A activity?
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Mortgage Employment Outlook Improves. UWM and AOMS are Hiring

June 10, 2019
Paul Muolo

Help needed far and wide: Loan officers and processors...


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