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Short Takes: Sen. Warren Will Block CFPB Nominee / Midwestern Humility / Yet More Regulations Proposed for Home Servicers / If Maxine Waters Becomes Chairman… / The GSEs, More Dominant Than Ever?

June 19, 2018
Brandon Ivey and Paul Muolo
Sen. Elizabeth Warren: "Now Donald Trump wants her to run the CFPB. I will put a hold on her nomination – and fight it at every step – until she turns over all documents..."
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Trump Picks Career Government Official to Head the CFPB. A Way to Keep Mulvaney in Charge?

June 18, 2018
Paul Muolo
Cowen: “We see the nomination of Kathy Kraninger as a way to keep OMB Director Mick Mulvaney in charge of the Consumer Financial Protection Bureau for years to come..."
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Short Takes: CFPB Nominee’s LinkedIn Profile / Kraninger is a Radical Pick for Trump – She’s a Career Bureaucrat / The Thumb’s Up from Hensarling / FTC Action Against CoreLogic / A SC Branch for Mortgage Network

June 18, 2018
Brandon Ivey and Paul Muolo
Rep. Jeb Hensarling: "I’m confident that, under Kathy’s leadership, gone are the days of wasting more than $240 million of taxpayer money to renovate a building it doesn’t even own and paying staff to perform research that has nothing to do with the Bureau’s mission..."
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What We’re Hearing: There Goes the GSE Footprint / MBA Chief Tackles GSE Stock Speculators / Underwater: Pershing Square / Fannie-Freddie Charter Creep or are They Just Helping the Little Guy? / New Hires for TCF

June 15, 2018
Paul Muolo
It’s official: The Treasury Department’s goal is to reduce the footprint of Fannie Mae and Freddie Mac. Who says so? Treasury counselor Craig Phillips...
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HomeStreet Reducing Mortgage Staff by 10 Percent Due to Low Demand for Purchase Loans

June 14, 2018
Brandon Ivey
Last October, HomeStreet cut 60 employees. In May, it put out for bid $5 billion of mortgage servicing rights….
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When the Going Gets Tough, the Tough Cut LO Pay

June 13, 2018
Paul Muolo
Aggressive nonbank lenders are willing to offer 100 to 200 basis points per loan…
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Short Takes: Budget Cuts at the CFPB? / BCFP not CFPB / Sounding the Alarm on U.S. Debt / A Flow Servicing Platform Run by the GSEs / A New Hire for United Fidelity

June 13, 2018
Paul Muolo
Do federal deficits even matter anymore? Jeff Gundlach thinks so...
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Lenders Pessimistic About Profit Margins for 3Q18, Cuts to Staff Expected

June 12, 2018
Brandon Ivey
Fannie Mae: “We expect this will prompt businesses to turn to cost-cutting..."
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Sierra Pacific Hires Ex-Stearns, Ex-Wells Executive Goulding

June 12, 2018
Paul Muolo
A 34-year veteran of the home lending industry, Goulding also worked for Wells Fargo Home Mortgage…
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Short Takes: No Relief in Sight for GSE Common / Pershing Square in a World of (GSE) Hurt? / JMP Likes Impac / Consumer Data Collection Returns to the CFPB / Plaza Home Promotes Fontaine

June 12, 2018
Paul Muolo and Yemeng Yang
JMP likes the higher profit margins that accompany non-QM lending…
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