Revised FHA Defect Taxonomy Isn’t a Game Changer January 14, 2020 George Brooks The updated defect taxonomy includes changes originally implemented through the Loan Review System in 2017.Read More
Deregulation in California? Hardly. State Launches its Own CFPB January 13, 2020 Yemeng Yang The new department will be modeled after the Consumer Financial Protection Bureau to “provide consumers with more protection against unfair, deceptive, and abusive practices.”Read More
Short Takes: Blowout Earnings for the GSEs? / Juicing the Debate / A Frothy Non-QM Secondary? / Dow 29,000 / Greystone Buys Commercial Servicer January 10, 2020 Paul Muolo Stronger GSE earnings will bolster retained capital, which could juice the recap-and-release debate even more…Read More
Handicapping the GSE Recap-and-Release Action… January 10, 2020 Dennis Hollier There’s some skepticism regarding how quickly the FHFA and Treasury might act in 2020…Read More
CFPB Unveils Task Force Members, Some Not Happy with Chair Pick January 10, 2020 Yemeng Yang The panel will be chaired by conservative Todd Zywicki, a longtime critic of the CFPB…Read More
Short Takes: Rates Rising (for Now) / The Recap-and-Release Train Moves Forward / Turning a Profit in Servicing / More Capital for Roofstock / Xome Gets a New CEO January 9, 2020 Paul Muolo The GSE recap-and-release train continues to inch forward...Read More
FHFA Chief: No Decision Yet on Using a ‘Consent Decree’ for Fannie and Freddie January 9, 2020 Dennis Hollier Any new offering of stock by the GSEs likely won’t commence until 2021, though the situation is fluid... Read More
Short Takes: Fintechs Gain in Mortgages / Defining ‘Fintech’ / Weaker Applications / Dealing with New York Zombies / Plaza Hires loanDepot Exec January 8, 2020 Paul Muolo and Yemeng Yang Okay, but what’s a fintech?Read More
Complaints Filed with the CFPB Down in 4Q but Up for the Year January 8, 2020 Yemeng Yang The credit reporting agencies (Equifax, Transunion and Experian) continue to draw a large chunk of the complaints…Read More
Continued Gains for Subservicers January 8, 2020 Paul Muolo As far as the rankings are concerned, not much changed at the very top during the third quarter. Cenlar once again ranked first… Read More
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