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Biden Nominates Julia Gordon to Lead FHA ... CFPB AD Uejio Tapped for HUD Post

June 25, 2021
Maria Volkova and Lisa Burden
After months of rumors, Julia Gordon was tapped to lead FHA...
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With the Calabria Era Over, Lenders Seek to Overturn Controversial GSE Moves

June 24, 2021
Paul Muolo and Dennis Hollier
Asked whether the administration would acquiesce on the changes, CHLA Director Scott Olson — a former denizen of Capitol Hill — said he’s “somewhere between hopeful and confident.”
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One ‘Final’ Extension on Home Foreclosures from Uncle Sam

June 24, 2021
Maria Volkova
The Department of Housing and Urban Development, VA, and the U.S. Department of Agriculture are expected to reveal additional plans in July, offering new payment reduction options designed to allow more homeowners to stay in their homes.
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SCOTUS: FHFA Director Unconstitutional, Treasury Can Keep the $; Shares Plunge in Value

June 23, 2021
Dennis Hollier
In a mixed decision, the Supreme Court ruled that even though the leadership structure of the FHFA is unconstitutional, the statutory claims of shareholders are invalid for any actions the director took while acting as conservator of the GSEs. Now, a lower court will have to decide if that applies to the Third Amendment and the net worth sweep.
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CFPB Policy Agenda Excludes Move to Define ‘Abusiveness’

June 23, 2021
Lisa Burden
The bureau also had dropped its pursuit of two rulemakings under the Home Mortgage Disclosure Act.
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Subservicers Keep Gaining but Worry About Forbearance

June 21, 2021
Paul Muolo
On the surface, the numbers indicate a steadily growing and profitable niche, but...
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FHA Loosens Requirements for Borrowers with Student Loans

June 21, 2021
The Community Home Lenders Association: “This is a boon to younger families and individuals saddled with student loan debt that want to buy a home.”
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SBC Ranking Member Toomey Wants Investigation Into CFPB ‘Activists’

June 18, 2021
Lisa Burden
The senator from Pennsylvania also sent a letter to Rohit Chopra, President Biden’s nominee to run the agency, asking whether he had participated in getting rid of CFPB workers.
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Short Takes: Ocwen Strikes Again in M&A / Expanding Its Reverse Universe / (Recent) Past Deals / Denial Rates Released Via HMDA / New Hires for Deephaven Mortgage

June 18, 2021
Paul Muolo
Ocwen has its check book out. Who's next on its buying ist?
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HUD Meets With Mega-Servicers to Discuss Loss-Mit Options. Suspend the MIP?

June 17, 2021
Paul Muolo
HUD is looking to make policy decisions on FHA loans without having a permanent FHA commissioner in place...
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