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Other News in Brief

December 10, 2018
CFPB Releases 2018 Financial Literacy Annual Report; Former CFPB Deputy Director Raj Date Joins a Fintech Company; Rep. Patrick McHenry Elected Top GOP Member of House Financial Services Committee.
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What We’re Hearing: Mark Calabria to Head the FHFA (Looks That Way) / Can Mulvaney Fix the U.S. Debt Problem? / Keeping the Debt Clock at the HFSC? / Kraninger Yes, Michael Bright No / Nomura and Ditech (More) / CMG Mortgage Hires Regency Executive / Home

December 7, 2018
Paul Muolo
If Michael Bright is not confirmed in the current Congress, President Trump will have to re-nominate him...
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Kathy Kraninger is About to Head the CFPB, but Who is She?

December 6, 2018
Yemeng Yang
Observers note that CFPB nominee Kraninger has no track record in financial services…
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Senate Expected to Confirm Kraninger for CFPB Post as Market Tries to Anticipate Her Priorities

December 6, 2018
Even as the Senate is expected to confirm her as director of the Consumer Financial Protection Bureau either this week or early next week, Kathy Kraninger remains largely a mystery to many CFPB observers.
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Senate Dem Report Accuses Mulvaney of Cherry Picking the Law to Promote an ‘Ideological Agenda’

December 4, 2018
Yemeng Yang
The report says that while running the agency, Mulvaney has “cherry-picked the law to promote his ideological agenda.”
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Short Takes: Nomura and Ditech? / Ocwen Sets a New Low / Fannie, Freddie and NPL Sales / Citadel’s Growth in Nonprime Servicing / A New Hire for Mortgage Network

December 4, 2018
Paul Muolo and Brandon Ivey
Fannie Mae and Freddie Mac continue to sell NPLs but for how long?
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FHFA IG Sends Report on Watt’s Alleged Misconduct to President, Others

December 3, 2018
Paul Muolo
The specific nature of the allegations was not disclosed…
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Short Takes: The Hearing That Keeps Getting Postponed: GSE Pilot Programs / Remembering the Financial Accomplishments of President George H.W. Bush / Too Many Servicing Workers? / Mortgage Layoffs at SoFi / Vantage Score Hires Former Fannie Executive

December 3, 2018
Paul Muolo
Under the watch of President George H.W. Bush, S&Ls were re-regulated and given a core housing mission.
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White House May Announce an Interim FHFA Director; Meanwhile, Mnuchin Rumors Unravel

November 30, 2018
The White House is moving closer to naming an interim successor to Federal Housing Finance Agency Director Mel Watt, whose term is set to expire in early January, industry sources told Inside MBS & ABS this week.
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Senate Moves Ahead with Kraninger’s CFPB Nomination

November 30, 2018
Yemeng Yang
President Trump nominated Kraninger in June…
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