CFPB Plans Supervisory and Enforcement Budget Cuts February 26, 2019 Yemeng Yang The new CFPB director wants to keep cutting the agency’s budget…Read More
Calabria Nomination to Head FHFA Clears Senate Banking Committee February 26, 2019 Paul Muolo It was a party-line vote. Not one Democrat voted for the nominee...Read More
Angel Oak Rolls Out Fix & Flip Wholesale Option, Hires JPM Exec February 26, 2019 Paul Muolo To lead the effort, Angel Oak hired JPMorgan executive Will Jackson…Read More
Mortgage Banking Income Hits Post-Crisis Low in 4Q18 February 26, 2019 John Bancroft Despite the dismal fourth-quarter performance, bank income from mortgage banking was actually up 13.5% from 2017...Read More
Short Takes: How Fast for Calabria? Very Fast / It Pays to Have a Godfather / What About a ‘Hold’? / Record Attendance at SFIG Vegas / Mixed Opinions on Expanded-Credit February 26, 2019 Brandon Ivey and Paul Muolo Now for the big question: Will any Democratic senators put a hold on the Calabria nomination?Read More
GSEs’ Single Security on Track for Implementation June 3. Otting Supports it 100% February 25, 2019 Brandon Ivey FHFA’s Mary Ellen Taylor noted the project aims to increase liquidity in the to-be announced MBS market and is not an effort to combine Fannie and Freddie into one entity.Read More
Former FHA Chief Galante Quits Ocwen’s Board, Ex-GE Exec Britell Joins February 25, 2019 Paul Muolo Ocwen is scheduled to report fourth quarter results on Wednesday…Read More
NAR Dissects GSE Reform Proposals, Has a Few Ideas of its Own February 25, 2019 Dennis Hollier NAR makes a persuasive case that Fannie and Freddie should be restructured as strictly regulated, shareholder-owned utilities…Read More
Short Takes: Kushner Getting Cushy with Fannie and Freddie? / Working with Lenders, Not Property Owners / Prepayments Fall to 18-Year Low / More Funding for Better.com February 25, 2019 Paul Muolo A Freddie spokesman confirmed to us what we’ve always assumed: “We are not a primary lender.” Read More
What We’re Hearing: Franklin Raines’ Dream / FannieMae.com? / The Hype Behind Digital Mortgages and Cost Savings / Replacing Moderately Paid Workers with Expensive Programmers / Calabria a Lock? / NAR's GSE Ideas February 22, 2019 Paul Muolo And here’s another farce: Once the system is built, maintaining it will be cheap (because regulations and products never change)…Read More
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