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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.
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.
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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.
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.
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Short Takes: Private MIs and Natural Disasters / Large Expanded-Credit MBS From Annaly / New Leader at Broker Action Coalition / MBA Provides Grant to LA Children’s Hospital

January 24, 2025
Brandon Ivey
The brunt of insurance burdens tied to natural disasters fall on property insurance providers, though private MIs could see an uptick in delinquencies.
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Short Takes: Chopra Still Leading CFPB / Foreclosure Starts Spike / Newfi Invests in Business-Purpose Lender / Jumbo MBS From Citi / Expanded-Credit MBS Holding Up

January 23, 2025
Brandon Ivey
Trump is widely expected to replace Rohit Chopra at the CFPB, but that hasn't happened yet.
Read More
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