Short Takes: Real Estate Wire Fraud a Growing Concern / MBA Applauds CFPB Director Pick / CFPB Cuts 100 / Home Listings on the Rise, Demand on the Decline / Consumers Struggling to Pay Off Debts February 14, 2025 James Dohnert Consumers say they are willing to pay extra for more secure real estate transactions.Read More
Trump Taps New Heads for CFPB, OCC February 12, 2025 James Dohnert Jonathan McKernan, the CFPB nominee, was a member of the FDIC board from 2023 until he resigned earlier this week.Read More
Another Senior Hire for Cenlar: Former Banker JB Long February 11, 2025 Paul Muolo It’s unclear what Long’s role will be at Cenlar. He worked at EverBank for 25 years.Read More
NTEU Sues to Prevent CFPB Shutdown as Staffers Told to Work From Home February 10, 2025 Shannon Clark As of Monday morning, the bureau's website home page showed a "404 error: not found" message.Read More
Short Takes: Turner Confirmed as HUD Leader / Non-Delegated Program at PennyMac / Mortgage-Tech Losses Pile Up at ICE / loanDepot Partners With Homebuilder February 6, 2025 Brandon Ivey Scott Turner's nomination to lead HUD was approved by the Senate on a 55-44 vote.Read More
Short Takes: McCargo Abruptly Leaves FHLBank of San Francisco / Cerberus Securitizing HELs From Spring EQ / Non-Agency MBS Flowing From PennyMac / Pending Home Sales Decline / Deutsche Bank Using MacBook Airs January 31, 2025 Brandon Ivey McCargo joined the FHLBank in June.Read More
Mortgage Market Cautiously Optimistic on Pulte at FHFA January 29, 2025 Dennis Hollier FHFA directors have typically been technocrats with backgrounds in housing finance or federal regulation.Read More
Low Price Likely for A&D’s Acquisition of Flagstar’s TPO Unit January 28, 2025 Paul Muolo “It was an ‘AcquiHire’ type scenario,” said Rick Roque, an industry consultant who also holds the title of head of growth at NFM Lending.Read More
Short Takes: Bessent Confirmed as Treasury Secretary / Home Price Appreciation Slows / Sales of New Homes Up / Champions Funding Contributions to Expanded-Credit MBS Increase January 28, 2025 Brandon Ivey Scott Bessent's nomination for secretary of the Treasury Department was approved on a 68-29 vote.Read More
Senate Committee Approves Turner’s HUD Nomination January 24, 2025 Brandon Ivey Sen. Elizabeth Warren, D-MA, the ranking member of the committee, said she was prepared to vote in favor of Turner’s nomination but first wanted to see results from a pending background check on the nominee by the Federal Bureau of Investigation.Read More