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
The CFPB Outlook: A Full Agenda in 2020 Amid Uncertainty January 7, 2020 Yemeng Yang The bureau could grant a short-term extension of the QM patch pending the rulemaking. Read More
Treasury Swings the Ax on GSE Reform. Ex-Freddie Chief Weighs the Options January 6, 2020 Dennis Hollier The Layton paper also considers Treasury’s roughly $240 billion of senior preferred equity in the GSEs…Read More
NYDFS Warns Financial Services Firms Against Cyber Attacks From Iran January 6, 2020 Paul Muolo “The NYDFS has taken cyber security to a whole new level," said one lender. "They are hammering everyone about the risk and heavy enforcement in examinations.” Read More
Trades Express Opposition to Re-Proposing GSE Capital Rule January 3, 2020 Dennis Hollier The CMLA and the others stressed the commitment of FHFA and Treasury to housing-finance reform should be followed by urgent action.Read More
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