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Chopra Sworn in at the CFPB. Kudos and Concerns…

October 13, 2021
Brandon Ivey
John Ryan, president and CEO of the Conference of State Bank supervisors, suggested that cooperation between the CFPB and state regulators will be particularly important.
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Lenders Urge States to Extend Work From Home Flexibilities

October 12, 2021
Brandon Ivey
The Mortgage Bankers Association has asked state regulators to help modernize remote work standards through legislation and/or regulations.
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Mortgage Employment Declines. The Beginning of a Trend?

October 8, 2021
Paul Muolo
Some lending shops are still looking to hire loan officers.
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A Moral Dilemma? Mortgage Bankers and PPP Money

October 1, 2021
Paul Muolo
Hundreds of lenders took PPP money, but given their strong profits, should they ask for federal forgiveness?
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It's Official: Senate Confirms Chopra as CFPB Director

October 1, 2021
Brandon Ivey
Chopra’s installation at the CFPB is expected to jumpstart rulemaking and enforcement efforts by the regulator. At his confirmation hearing in March, Chopra said his priorities include scrutiny of how mortgage servicers work with distressed borrowers.
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Mortgage Bankers Want More Details on Employee Vaccination Mandates

September 27, 2021
Monica Hogan
The nation’s sixth-ranked lender, loanDepot, doesn’t have a corporate back-to-the-office mandate yet...
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In Wake of Messy Lawsuit, loanDepot’s Shares Drift Lower

September 24, 2021
Paul Muolo
The plaintiff is former COO Tamara Richards, who was making at least $800,000 a year at loanDepot. She has a blue chip resume that includes stints at Bank of America (10 years), Caliber Home Loans and other shops.
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Another Leadership Shuffle at FHFA

September 22, 2021
Dennis Hollier
Acting Director Sandra Thompson undoes some of the organizational changes initiated by former-Direct Mark Calabria.
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Mr. Cooper’s Employment Will Be ‘Home Centric’ Following Pandemic

September 22, 2021
Brandon Ivey
More than 98% of Mr. Cooper's nearly 10,000 employees were working from home as of the end of 2020.
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Short Takes: Senate Set to Confirm Chopra at CFPB / US Bank to Buy MUFG / Rocket Upsizes Debt Offering

September 22, 2021
Dennis Hollier and Brandon Ivey
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