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CFPB Disbands Consumer Advisory Board

June 6, 2018
Yemeng Yang
“The bureau has not fired anyone,” a CFPB spokesperson maintained.
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Guaranteed Rate Plots Growth with ‘Aggressive’ Recruiting of Underwriters, Processors

June 5, 2018
Brandon Ivey
GR is aggressively recruiting mortgage processors, underwriters and secondary analysts...
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Short Takes: Angel Oak Buys Stake in Commercial MB / Questions Being Asked about Trading in GSE Corporate Bonds / Texas Mortgage Shop Closes? / A New Hire for Pavaso

June 5, 2018
Paul Muolo and Carisa Chappell
Another mortgage company has closed. This one in Texas...
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What We’re Hearing: Making Lemons out of Lemonade / Mortgage Brokers Trim Staff / A RIF at Movement Mortgage / The FHFA-OCC Connection / Conventional Lenders Eyeing the Non-QM Market? / A Tech Firm Looked at NSM

June 1, 2018
Paul Muolo
Although some conventional lenders are struggling with lower volumes, Angel Oak and Citadel Servicing Corp. are humming along...
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Short Takes: Mel Watt’s Successor May Be… / Morgan Stanley had a Role in the FAMC Deal / Consolidation Nation? / A New MBS from Redwood / New Hires for Home Point

May 31, 2018
Paul Muolo and Brandon Ivey
The consolidation tidal wave approaches ... or maybe not...
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Short Takes: Time to Cut Pay for Loan Officers? / Something Has Got to Give / New Rez Readies Non-Agency MBS / Ocwen CFO Resigns / Calyx Hires Sales Chief

May 30, 2018
Paul Muolo and Brandon Ivey
loanDepot CEO Anthony Hsieh: “Something’s got to give."
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Another California Mortgage Casualty: First Cal

May 30, 2018
Paul Muolo
Liquidation counsel Michael St. James did not return a telephone call and email regarding the situation.
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Leading Candidate for Top MBA Job Says He’s Not Interested

May 30, 2018
Paul Muolo
Candidates for the job have included Kevin Shavers, Robert Broeksmit and others…
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Short Takes: The Senate Could Vote on Brian Montgomery Soon / House to Take up the Reg Relief Bill / Foreclosure Timelines Extended For Disaster-Area Homes / What’s Next for the CFPB Payday Lending Rule

May 21, 2018
Yemeng Yang
Senate Majority Leader Mitch McConnell, R-KY, announced to take a vote on the nominee for FHA commissioner, Brian Montgomery. Given the other nominations already in the Senate floor queue, the vote is expected to occur sometime in June…
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White House Announces Nominee for Top Ginnie Mae Post; FHA Still has No Chief

May 18, 2018
President Trump this week nominated Michael Bright to be president of Ginnie Mae after serving nine months in the post as acting president of the secondary mortgage market agency.
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