CFPB Issues Warning on Loan-Closing Scams June 5, 2019 Yemeng Yang The agency said if a scam is suspected, the customer should contact the bank or wire-transfer company immediately...Read More
Short Takes: A Lower Production Read on LOs / FHFA Chief Weighs in On Affordable Housing Creation / Thinking About What Gordon Gekko Once Said / Civic Launches Correspondent Initiative / Wholesale v. Correspondent June 4, 2019 Paul Muolo and Brandon Ivey If only we had more GSE charters...Read More
Community Banks Seeing Effects of DFA Reg Relief June 4, 2019 Yemeng Yang Ron Haynie, senior vice president of mortgage finance policy for the Independent Community Bankers of America, said smaller institutions have already benefited from reg relief…Read More
Coming Soon and Causing Agita: CECL June 4, 2019 George Brooks CECL requires expected losses to be anticipated long before actual evidence of a loss can be recognized… Read More
NAR Advises FHFA Chief Against ‘Aspirational’ Attempts, Curtailing the GSE Footprint June 4, 2019 Paul Muolo NAR: FHFA must allow Fannie and Freddie to meet their public mission of supporting liquidity and broad access...Read More
With its Stock Price Fading, Mr. Cooper Says: We’re Okay but Thanks for Asking June 3, 2019 Paul Muolo Declining interest rates can be good news for lenders, but bad news for servicers... Read More
Expect a GSE Stock Sale by Early 2020? June 3, 2019 Paul Muolo Investment banking fees on a Fannie/Freddie stock sale could be enormous…Read More
What We’re Hearing: Waiting on Treasury’s GSE RFP / And the Advisory Contract Goes To… / Who Is Andrew Olmem? / Angel Oak’s New MBS / Losing Faith in Mr. Cooper (The Mortgage Company, Not the Teacher) / Hindman: Banks Fail When it Comes to Social Media May 31, 2019 Paul Muolo Will institutional investors like Berkshire Hathaway line up to buy a new class of stock issued by Fannie Mae and Freddie Mac? We may know soon... Read More
Non-QM Lenders and MBS Investors Looking to Regulators for Certainty May 31, 2019 Brandon Ivey Participants in the non-QM market are looking for guidance from federal regulators regarding the future footprint of the GSEs...Read More
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