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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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Short Takes: The $40B A Month Habit Will Continue / Inflation? Ha! / CFPB Makes Announcement, Trouble Ahead for VA Lenders? / A New Correspondent Chief for GHMC

June 17, 2021
Lisa Burden and Paul Muolo
No Fed rate hikes until 2023? Sure, why not...
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Fannie Negotiating With Seller/Servicers on Investor-Loan Cap. Some Told 3% is the New Normal?

June 16, 2021
Paul Muolo and Dennis Hollier
A Fannie spokesman said the mortgage giant, at this time, is not instituting a specific broad based 6% cap but...
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Lenders: Risk-Retention Link Between QMs and QRMs Should Stay

June 16, 2021
Brandon Ivey
The feds were slated to start reviewing the rules in 2020 but put the examination on hold pending the revision of QM standards.
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GAO: CFPB’s Fair Lending Reorganization Was a Failure

June 15, 2021
Lisa Burden
Mulvaney’s disdain for the agency, which he once called a “sick, sad joke,” is widely known...
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Anxious About Adhering to the Investor-Loan Cap, Freddie Trims Deliveries Even More

June 14, 2021
Paul Muolo
The lender bulletin was released last week and got little notice. It’s effective for mortgages with settlement dates on or after July 1, 2021.
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Former Trump Ax on GSEs Weighs In: Reform is Done, It's All About Capital

June 11, 2021
Dennis Hollier
Perhaps the lone Democrat in the Trump administration, Phillips believes the nation needs both Fannie and Freddie...
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Appraisers to White House: You’ll Destroy the Profession

June 10, 2021
Maria Volkova
Appraisal professional Mike Ford: “We’re not permitted to consider the race of the residents, their sexual orientation, their age or their gender.”
Read More
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