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Biden’s Pick for the CFPB Job: Chopra. Tougher Enforcement Ahead?

January 18, 2021
Lisa Burden

If approved by the Senate he would replace Kathy Kraninger, a business-friendly Trump-appointed official who has led the agency since 2018.


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Former Fannie Mae Exec Bon Salle Resurfaces at Home Point

January 12, 2021
Dennis Hollier

It's good timing for former Fannie executive Andrew Bon Salle. Home Point is about to go public.


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CEO Pay and Profits North of $100 Million in 2020?

January 10, 2021
Paul Muolo

Sound crazy? Not necessarily and not if you factor into the equation the fact that company owners — should they so choose — have the right to pull cash out of their firms.


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MBA Lobbies for Permanent Work-From-Home Flexibility

January 4, 2021
Yemeng Yang

During the COVID crisis, many states have temporarily allowed licensed MLOs to work from their (unlicensed) homes, rather than branches...


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Short Takes: Nonbanks Face the (GSE) Music on Liquidity Requirements / MBA is Not Happy / Hope? / Citi Goes English-Only / Freddie Official Hired by the CFPB

December 21, 2020

MBA criticized the secretive nature of the rule change, arguing that by using lender letters, the maneuver short-circuited the normal comment period…


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The Mortgage Hiring Binge Continues

December 10, 2020
Paul Muolo

As the year winds down, mortgage firms still need workers, especially in the back office...


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Short Takes: Mortgage Déjà Vu / A Warehouse Securitization From loanDepot / Throwing Cold Water on Downsizing by Homeowners: Rates / A Promotion at Impac

December 9, 2020
Paul Muolo

According to Moody’s, prior to the securitization, loanDepot had sponsored five warehouse deals totaling $1.8 billion...


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Biden Picks Rep. Fudge of Ohio to Lead HUD

December 9, 2020
Paul Muolo

First elected to Congress in 2008, the African-American legislator began her public career in the Cuyahoga County Prosecutor’s Office in Ohio. She is not a member of the House Financial Services Committee...


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Short Takes: A Boatload of Liquidity for Quicken / Bulk MSR Packages on the Move / A CMBS Deal from Angel Oak Capital / Another Sunshine State Branch for AO / CSS Gets a New CTO

December 8, 2020
Paul Muolo

More liquid is better than less liquid, especially during a refi bonanza...


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Architect of FHFA’s New Capital Rule, Adolfo Marzol, to Depart

December 4, 2020
Dennis Hollier

Marzol described the capital rule, which was finalized in November, as “a key milestone on the path to responsibly ending the conservatorships.”


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