A Strange Affair: HUD, DOGE and $1.9B of ‘Misplaced’ Funds February 25, 2025 Namrata Bhatia and Paul Muolo Carrington, a Ginnie contractor that handles defaulted servicing for the agency, was listed as the recipient of some of these funds.Read More
HUD Union Sends C&D Letter to OMB, Agency Secretary February 24, 2025 Paul Muolo Mortgage professionals have yet to report any snafus regarding FHA and/or Ginnie business approvals. However...Read More
FHA Probationary Workers Cut, Ginnie Approvals May Slow February 18, 2025 Paul Muolo Some servicing advisors believe that, at the very least, Ginnie approvals on sale of MSRs will slow.Read More
Short Takes: Real Estate Wire Fraud a Growing Concern / MBA Applauds CFPB Director Pick / CFPB Cuts 100 / Home Listings on the Rise, Demand on the Decline / Consumers Struggling to Pay Off Debts February 14, 2025 James Dohnert Consumers say they are willing to pay extra for more secure real estate transactions.Read More
Trump Taps New Heads for CFPB, OCC February 12, 2025 James Dohnert Jonathan McKernan, the CFPB nominee, was a member of the FDIC board from 2023 until he resigned earlier this week.Read More
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.Read More
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.Read More
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.Read More
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.Read More
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