CFPB Promises to Resolve GSE ‘Patch’ Responsibly March 14, 2019 Yemeng Yang In January, the CFPB released a five-year look-back report assessing the implementation and effect of the ability-to-repay rule… Read More
Lender Diversity, Inclusion Activities on CFPB’s Radar Screen March 14, 2019 Yemeng Yang The letters refer to the diversity and inclusion standards issued by the agency in 2015...Read More
Short Takes: Not the Best Written Indictment? (Manafort) / Bought for $3 Million but Worth $8 Million a Few Years Later / Rates Move Lower / Applications Move Higher / PennyMac’s $200 Million Stock Sale / A New Hire for Gateway Mortgage March 14, 2019 Paul Muolo Thanks to declining interest rates, lenders are feeling more optimistic these days...Read More
Tiered Supervision of Nonbanks Advocated by Trade Groups March 13, 2019 Yemeng Yang Nonbanks in recent years have expanded their presence in the market significantly...Read More
Short Takes: More Non-QM MBS Deals on the Way / What’s Ginnie Mae Really Worried About? / A Big ‘Nothing Burger’? / What Borrowers Want When They Shop Online for a Mortgage / Amherst’s Appetite for SFR / A New Hire for Incenter March 13, 2019 Paul Muolo Another official described the Ginnie Mae change as a “nothing burger…”Read More
In New Budget, White House Hikes Value of GSE Senior Preferred by 21% March 12, 2019 Dennis Hollier However, there is no detailed explanation on the accounting…Read More
Trump Wants to Slash HUD’s Budget by 16%, but Allows for FHA ‘Tax’ to Upgrade IT March 12, 2019 Paul Muolo The Trump White House wants to impose a fee on FHA lending to raise the money...Read More
HFSC Chairwoman Asks CFPB Staffers to Expose Bad Bosses March 12, 2019 Yemeng Yang The Congresswoman said she is troubled by recent reports that show employee satisfaction at the CFPB fell sharply last year…Read More
Short Takes: Banking on a GSE Dividend / Maybe Next Time Around / Democrats Put CFPB Chief Kraninger on the Grill / Home Point Expands Correspondent Presence / A New Creative Hire for Guaranteed Rate March 12, 2019 Paul Muolo and Yemeng Yang Kraninger faced some tough questions from Sen. Warren...Read More
IGs Asked to Investigate GSE Insider Trading Allegations Tied to FHFA/OCC Employees March 11, 2019 Dennis Hollier Two public watchdog groups are demanding an IG probe into possible media leaks and a spike in the stock price of GSE shares...Read More
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