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What We’re Hearing: FHA Loan Limits / What a Shutdown Means / The Return of Angelo Mozilo / The Finger of Blame Points to Wall Street / New Disclosures from Ditech / A Subservicing Business Dominated by One Client

December 14, 2018
Paul Muolo
The panel Mozilo spoke on was billed: “Join two titans of the industry as they discuss the past, present and future of the mortgage industry.”
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Kraninger Signals a More Moderate Tone After Being Confirmed as CFPB Director

December 13, 2018
The Senate late last week narrowly confirmed Kathy Kraninger as director of the Consumer Financial Protection Bureau. In her first public remarks, the new director set a more moderate tone for the watchdog agency than recently departed acting Director Mick Mulvaney did during his tenure.
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Mr. Cooper Lands New Vice Chair and CFO – for $4.3 Million a Year

December 13, 2018
Paul Muolo
Marshall has a long resume in financial services, including stays at Bank of America, The Blackstone Group and other shops…
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Worries About FHFA Direction Persist, But It May Take A Year Before the Senate Clears Calabria as New Director

December 13, 2018
The White House this week finally made up its mind on a new regulator for the government-sponsored enterprises, picking conservative economist Mark Calabria to head the Federal Housing Finance Agency. Now comes the hard part: Getting the Senate to hold confirmation hearings and actually approve him.
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Short Takes: Headed Into Receivership: Fannie and Freddie? / Politically Pragmatic / No Life in the Common / Coming Soon: A Platform Closure at Ocwen / A New 52-Week Low

December 13, 2018
Paul Muolo
Federal Financial Analytics calculates the trigger will be pulled by mid-2019.
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It’s Official: Trump Picks GSE Critic Mark Calabria to Head the FHFA

December 12, 2018
Paul Muolo
The nomination had been expected for several weeks now and paves the way – quite possibly –for limitations on GSE pilot programs, loan parameters and secondary market liquidity.
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It’s LO ‘Recruiting Season’ and That Means What?

December 12, 2018
Paul Muolo
It stands to reason that with production declining mortgage firms might have the upper hand over their sales personnel, but it’s never that simple...
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Cost-Benefit Analysis Likely Focus of New CFPB Leadership

December 12, 2018
Yemeng Yang
The annual salary for the assistant director to head the office of cost-benefit analysis is between $200,595 and $247,500.
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New CFPB Chief Plans a Three-Month ‘Listening Tour’

December 12, 2018
Yemeng Yang
Kraninger on the recent name change of the agency: “I care more about what the agency does than what it is called…”
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Pick of GSE Critic Mark Calabria Will Mark a New Era at the FHFA

December 12, 2018
Paul Muolo
Tom Piercy of Incenter Mortgage Advisors: “Calabria is not an advocate for our industry – but he is also being appointed by the president, who does not want housing to falter between now and 2020.”
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