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Chopra Sworn in at the CFPB. Kudos and Concerns…

October 13, 2021
Brandon Ivey
John Ryan, president and CEO of the Conference of State Bank supervisors, suggested that cooperation between the CFPB and state regulators will be particularly important.
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A Quandary: What FHA Lenders Can Use to Calculate Adjusted Net Worth

October 11, 2021
Monica Hogan
Scott Olson, executive director of the Community Home Lenders Association, suggested FHA take a second look at the changes...
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Non-Agency MBS Market at an Inflection Point?

October 8, 2021
Brandon Ivey
The concerns, voiced by Granovskaya and other participants at the event, are tied to an expected decline in the supply of loans for non-agency MBS.
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Mortgage Employment Declines. The Beginning of a Trend?

October 8, 2021
Paul Muolo
Some lending shops are still looking to hire loan officers.
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Industry Hoping Ginnie Capital Proposal Is Softened Or...

October 8, 2021
Paul Muolo
One person opposed to the idea is Scott Olson, executive director of the Community Home Lenders Association, a trade group that was among the first to ask Ginnie to withdraw the RFI...
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Mortgage Servicing Market Heats Up as Bidders Line Up

October 7, 2021
Paul Muolo
Firms that made big bets by purchasing bulk product in the secondary market earlier in the year are already sitting on gains.
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Rocket Issues New Debt, Buys Back Old Debt

October 7, 2021
Paul Muolo
The debt market isn't open for every nonbank, at least at a decent price...
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Climate Risk Models Prove Challenging for Lenders

October 6, 2021
According to Sean Becketti, there are varying levels of confidence in how much climate change factors into different types of weather-related events...
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loanDepot’s Share Price Drifts Southward as Lender Faces Additional Scrutiny

October 4, 2021
Paul Muolo
Among originators, loanDepot ranks sixth, among servicers 22nd...
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It's Official: Senate Confirms Chopra as CFPB Director

October 1, 2021
Brandon Ivey
Chopra’s installation at the CFPB is expected to jumpstart rulemaking and enforcement efforts by the regulator. At his confirmation hearing in March, Chopra said his priorities include scrutiny of how mortgage servicers work with distressed borrowers.
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