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CFPB Announces Additions to Leadership Team

December 1, 2020
Yemeng Yang

The CFPB announced additions to its executive team, despite chatter that President-elect Joe Biden will make dramatic changes to the agency's leadership.


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Biden’s CFPB to Focus on QM Rule, Servicer Compliance

November 25, 2020
Yemeng Yang

Attorney Joann Needleman: "The transition team that Biden has put together to look at the CFPB is extremely telling"...


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Legal Trouble Ahead for LOs and ‘Producing’ Branch Managers?

November 23, 2020
Yemeng Yang

One area that many lenders have questions about: branch managers who also produce loans...


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Mortgage Employment Rises Yet Again. LOs Morphing Into Brokers?

November 23, 2020
Paul Muolo

The big question for the industry: Once production finally slows next year, will lenders trim retail and opt to use brokers since the latter only get paid if the loan closes?


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Biden’s Anointed Chief of Staff Has Strong Fannie Ties

November 22, 2020
Dennis Hollier

Klain was a registered Fannie Mae lobbyist from 2002 to 2005...


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Short Takes: Not Saying Much About Brickman / Timing? / Bailed Out By Home Prices: the FHA MMIF / COVID Stimulus Looking Doubtful / PNC’s M&A Move

November 16, 2020
Dennis Hollier and Paul Muolo

No press release on Freddie's website regarding Brickman's resignation. Why?


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An Unexpected Resignation at Freddie: CEO David Brickman is Out

November 13, 2020
Brandon Ivey

Brickman took over the CEO role in July 2019. His final day will be Jan. 8.


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Velocity Increases Income in 3Q, But Cuts Staff

November 12, 2020
Brandon Ivey

The fix-and-flip lender relaunched production in September but doesn't expect originations to return to pre-COVID levels until the second quarter of 2021.


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Who Will be the Next CFPB Director? Rep. Porter?

November 10, 2020
Yemeng Yang

Before she ran for Congress, Porter taught consumer bankruptcy and mortgage foreclosure law at the University of California...


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FHFA Names FDIC's Cave to Head Division of Resolutions

November 9, 2020
Dennis Hollier

At DOR, formerly known as the Division of Conservatorship, Cave will supervise the conservatorships of Fannie Mae and Freddie Mac...


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