Ocwen Settles with Massachusetts, Lawsuit Focused on Legacy Servicing Issues April 1, 2019 Brandon Ivey The state accused Ocwen of widespread servicing violations that increased mortgage and insurance expenses…Read More
What We’re Hearing: President Trump and GSE Reform / The NEC and Treasury, Cheek-to-Cheek on Fannie and Freddie? / Time to Hire an Investment Banker / Tim Who? / Altisource Unloads a Division / Odeon Hires Bove March 29, 2019 Paul Muolo Wells Fargo ranks first among home lenders and servicers – and with or without Tim Sloan, that’s not likely to change anytime soon…Read More
Crapo’s GSE Plan Praised (More or Less). However… March 29, 2019 Yemeng Yang Former GSE regulator Ed DeMarco: “The chairman’s outline captures the consensus elements of prior reform proposals and serves as a solid workable foundation from which to develop legislation.”Read More
Thanks to SCOTUS, a Bump in the Road for Non-Judicial Foreclosure-Related Damage Claims March 29, 2019 Brandon Ivey The Supreme Court based its decision on the wording of the FDCPA and the legislative history of the statute.Read More
How Long Will it Take for Treasury to Come Up with a GSE Plan? March 28, 2019 Paul Muolo Meanwhile, HUD needs to assess whether the HECM program should survive...Read More
Trade Organizations Seek a Change to the LO Comp Rule March 28, 2019 Yemeng Yang The current LO rule actually prohibits reductions in compensation…Read More
Short Takes: What Happened to the GSE Rally? / Time for Treasury to Hire an Advisory Firm? / Trump Serves Notice to HUD as Well, HECMs a Big Concern / Where Did All the Senators Go? / Hugh Frater’s Other Job March 28, 2019 Paul Muolo and Yemeng Yang President Trump is concerned about the HECM program...Read More
President Trump Directs Treasury to Draft GSE Overhaul; White House Wants Final Say March 27, 2019 Paul Muolo “For each administrative reform, the Treasury housing reform plan shall include a timeline for implementation,” Trump writes.Read More
Short Takes: FHFA IG Questions GSE CEO Succession Plans / The Watt Era / A Rare Instance of Bipartisan Agreement on a GSE-Related Issue / If Brickman Didn’t Get the Job, He Was Going to Quit / Please, Cut My Pay / FHFA’s Response March 27, 2019 Paul Muolo When’s the last time a chief executive of a multi-billion-dollar-asset company did something like that? Read More
Hearings Commence on GSE Reform. NAHB Worries About ‘Administrative’ Changes, Academic Trashes Crapo’s Ideas March 26, 2019 Paul Muolo Georgetown Law Professor Adam Levitin: “I am deeply concerned about the basic direction of the chairman’s housing-finance reform proposal outline..."Read More
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