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CEO Messina’s Comp Plan at Ocwen: $4.5 Million

April 19, 2019
Paul Muolo

The Ocwen filing notes that Messina was paid $240,000 per month in order to preserve his availability...


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Change to FHA Downpayment Assistance Requirements Met with Harsh Criticism

April 19, 2019
Brandon Ivey

"Now having been in the mortgage industry for over 30 years, HUD’s mortgagee letter is perhaps one of the most egregious and ill-advised actions that I have seen taken by a government agency in many years," said Anne Canfield, a partner at Michael Best Strategies.


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OMB Expands Oversight of FHFA, Other Agencies

April 19, 2019
Dennis Hollier

A new OMB memo requires all federal agencies, even independent ones, to submit proposed rule changes to the White House for approval.


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IG: CFPB Examined Nonbanks Outside Its Jurisdiction

April 18, 2019
Yemeng Yang

The CFPB OIG found that the supervisory team, multiple times, scheduled examinations at institutions it had no authority over.


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Ditech Discloses Limited Financials and It’s Not Pretty: A $105 Million Loss for February

April 18, 2019
Paul Muolo

The Ditech financial hole just got bigger...


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Legislation Introduced to Address VA Orphan Loans

April 18, 2019
George Brooks

In recent years, the share of VA loans in Ginnie MBS pools has grown significantly...


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No Decision Yet on Curbing Access to the CFPB’s Complaint Database

April 17, 2019
Yemeng Yang

It's been nearly a year and the CFPB still hasn't acted on what to do about the complaint database...


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The Next Big Question for GSE Watchers: Dividends

April 16, 2019
Paul Muolo

But when to end the dividend payments? June, September? Opinions differ.


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New FHFA Chief Calabria Sees a Sense of ‘Urgency’ on GSE Reform

April 15, 2019
Dennis Hollier

Calabria: “There is much work to do. Markets change and advance. So must we.”


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GE Hit with $1.5 Billion Penalty from DOJ for Problems with Pre-Crisis Mortgages

April 15, 2019
Brandon Ivey
WMC Mortgage "jacked up volume without controls," according to a member of General Electric's corporate audit staff.
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