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Senate Panel Asks HUD to Study Ginnie’s Dependence on Contractors

September 30, 2019
George Brooks

The Senate panel believes such a study is crucial before Ginnie develops a plan to fill gaps in hiring and retention.


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FHFA Settles Sexual Harassment Case Involving Former Director. Details Lacking

September 27, 2019
Dennis Hollier

Neither Simone Grimes nor FHFA released the details of the settlement. Mel Watt, whose term as director ended in January, has not commented.


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What We’re Hearing: The (Mortgage) IPO Dream / Uber and Lyft May Never Earn a Dime / GSE Legislation During the Lame Duck Session? / Cashing out of Fannie and Freddie / The New Wells CEO: No Mortgage Experience

September 27, 2019
Paul Muolo

One of the biggest speculative bets ever made in mortgage stocks is going on right now: Fannie and Freddie...


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FHFA Chief Calabria Keeps a Close Watch on G-Fees, More

September 27, 2019
Paul Muolo

In late 2018, the FHFA published a report on g-fees paid from 2013 to 2017, stratifying it by five different lender cohorts…


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Short Takes: Judging GSE Pilot Programs / Freddie Mum on the Exact Size / Warehousers Have Entered the Sector / Significant Changes at FHA Unlikely / Pointillist?

September 26, 2019
Paul Muolo

Freddie Mac declined to say how much credit it had extended under the pilot, though a spokesman said it was under $1 billion. 


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Reverse Mortgages Under the CFPB Spotlight Due to APR Issues

September 26, 2019
Yemeng Yang

The new CFPB report covers findings from examinations completed between December 2018 and March 2019. 


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Short Takes: Another Record Quarter for Angel Oak / Former PrimeLending Official Joins AO / The CFPB Staffs Up / If the QM Exemption Goes Away / New Hires for loanDepot, M&M

September 25, 2019
Paul Muolo

If the QM "patch" disappears as scheduled in early 2021, some lenders might see originations plummet. At least, that's the fear...


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A Republican White House Comfortable With an ‘Explicit’ Guarantee on Agency MBS

September 25, 2019
Paul Muolo

When it comes to MBS guarantees, it would be a pay-as-you-go system...


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CFPB Looking at BofA for Possible Phony Accounts

September 25, 2019
Yemeng Yang

Bank of America claims the CID is unnecessary, redundant and unduly burdensome because the bureau already has the information it is seeking. 


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A Lack of Consensus on What to Do With the Expiring ‘Patch’

September 24, 2019
Yemeng Yang

Among the commenters: The National Association of Realtors, which suggested using the DTI ratio as a compensating factor.


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