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Short Takes: Terminated CFPB Employees Brought Back, Placed on Leave / Purchase-Mortgage Applications Hold Up / Positive Outlook for Interest Rates / Annaly Aggregating HELOCs

March 19, 2025
Brandon Ivey
Following a court order, the CFPB disclosed this week that it reinstated 117 probationary employees then immediately placed them on administrative leave.
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Pulte Revamps GSE Boards, Including a DOGE Addition

March 18, 2025
Dennis Hollier
Christopher Stanley, a security engineer at SpaceX, is the first member of Elon Musk’s Department of Government Efficiency to join a GSE board.
Read More

Short Takes: Trump Nominates Bowman for Fed Vice Chair for Supervision / OCC Ends Loss-Mit Consent Order With Wells / Housing Starts Increase / HUD, DOI Form Task Force

March 18, 2025
Brandon Ivey
Michelle Bowman has expressed industry-friendly views on various regulatory issues.
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Pulte Confirmed as FHFA Director

March 14, 2025
Dennis Hollier
Pulte said that any exit by the GSEs from conservatorship “must be carefully planned to ensure the safety and soundness of the housing market without putting upward pressures on mortgage rates.”
Read More

Short Takes: CFPB Firing Freeze Extended / The Drawback of Buydowns / Mixed Trends in Applications Tied to New Construction / Kittle Advising Beeline

March 13, 2025
Brandon Ivey
The freeze was extended to allow a U.S. district court judge to rule on a legal challenge to planned layoffs at the CFPB.
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Short Takes: Non-QM Borrowers Largely Avoiding Foreclosure / PennyMac Hires Boltansky / HUD Plans Housing Showcase / Prime Non-Agency MBS From Citi

March 11, 2025
Brandon Ivey
“We continue to see nearly zero [non-QM] loans hit the liquidation stage,” dv01 said.
Read More

FHA, VA Programs Carry On Amid Staffing Cuts

March 10, 2025
Brandon Ivey
“The government’s being run by great people, they’re going to do great things going forward,” said Mat Ishbia, chairman and CEO of United Wholesale Mortgage.
Read More

Senate Committee Moves McKernan, Pulte Nominations Forward

March 7, 2025
Brandon Ivey
The Mortgage Bankers Association is eager to see McKernan and Pulte confirmed.
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Short Takes: loanDepot CEO Heading Out / Hometap Brings Securitization / Freddie Selling RPLs / Profits Increase at Velocity

March 7, 2025
Brandon Ivey
Anthony Hsieh, chairman, founder and controlling shareholder of loanDepot, is returning to senior leadership as executive chairman of mortgage originations at the nonbank.
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Short Takes: Warren Frustrated by McKernan, Pulte / Figure’s eNote Registry Growing / Pennymac Sponsoring Team USA / LendingTree’s Mortgage Profits Increase

March 6, 2025
Brandon Ivey
Sen. Elizabeth Warren, D-MA, said responses to her questions from both Jonathan McKernan, nominee to lead the CFPB, and Bill Pulte, nominee to lead the FHFA, were disqualifying.
Read More
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