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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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