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Home » Topics » IMFnews » Regulatory

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Is Trump Pondering a Ginnie Mae Pick? Or Something Else?

November 6, 2019
Paul Muolo

“Acting” is a title worn by many political appointees in the current administration…


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Short Takes: Time to Raid Your Competitor for LOs? / Watching Rates Rise / Apple Unveils Mortgage Assistance Program / IMA Selling S&D Loans / NAR Hires HUD Official, Deephaven Taps Quicken AE

November 5, 2019
Paul Muolo and Brandon Ivey

In case you haven’t noticed, the yield on the benchmark 10-year Treasury was at 1.86% as IMFnews went to press compared to 1.46% in early September. That’s a difference of 40 basis points…


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HUD Seeks Comment on Proposed Loan Level Certifications

November 5, 2019
George Brooks

HUD’s addendum to the Uniform Residential Loan Application form is being revised to reflect regulations, ensure accuracy of borrower information, reduce lender uncertainty and maintain FHA’s ability to enforce program requirements.


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The Toll for Exiting (GSE) Conservatorship: $200 Billion Should Do It

November 4, 2019
Dennis Hollier

Freddie CEO David Brickman: “The ability to absorb that risk is largely a function of how much capital you’ve got, and we have very little.”


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What We’re Hearing: FHFA’s ‘Volume Discounts’ Mystery / Yearning for the 3-6-3 Days / Hatching a GSE Acquisition Plan (A History Lesson) / A Nice Profit for Mr. Cooper

November 1, 2019
Paul Muolo and Dennis Hollier

The FHFA declined to single out which GSE it was talking about...


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The CFPB a Paper Tiger on Fair Lending Enforcement?

November 1, 2019
Yemeng Yang

A kinder, gentler CFPB? Looks that way. The agency now typically addresses fair lending violations through the supervisory process by issuing firms letters, such as “matters requiring attention” or “supervisory recommendations,” rather than escalating them to enforcement actions.


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Analysis: Maybe It’s Time for Uncle Sam to Settle with the GSE Shareholders

November 1, 2019
Paul Muolo

It might be easier to sell stock in a reconstituted Fannie and Freddie after the old companies are wiped out through receivership and “new” entities are created. FHFA has the power to sell the charters but not the legal authority to issue new charters.


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Short Takes: FHFA to the GSEs: About Those Financial Advisors You Were Going to Hire… / The DJIA Tumbles Again / When Lower Rates Hurt / Genworth’s China Problem

October 31, 2019
Paul Muolo and Dennis Hollier

Genworth’s sale to China Oceanwide Holdings is still pending. The deal was struck back in 2016. So what’s the hold up? The short answer: Selling anything to China is complicated these days...


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FHFA Chief: One of the GSEs is Offering Volume Discounts, a Practice That Must End

October 31, 2019
Dennis Hollier

Prior to being placed into conservatorship in the fall of 2008, it was common for Fannie Mae and Freddie Mac to offer guarantee fee discounts to their largest customers, a situation that put smaller lenders at a disadvantage.


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Short Takes: Less Bonus Money for Certain Fannie Executives / About the CEO Salary Cap… / A Weak Reading on New Applications / GR Announces JV / A Promotion at PrimeLending

October 30, 2019
Paul Muolo

Happy Holidays from the FHFA: Certain Fannie Mae executives will see a reduction in "deferred" compensation...


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