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Home » Topics » IMFnews » Regulatory

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Is the Administration’s GSE Reform Plan Toast Already?

June 20, 2019
Paul Muolo

Within the White House, the administration’s point person on GSE issues is Andrew Olmem, who serves on the National Economic Council. Prior to joining the NEC in 2017, Olmem was a partner at Venable, LLP. He also served as the Republican chief counsel and deputy staff director of the Senate Banking Committee.


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Short Takes: Chairman Powell, Do You Mind Staying on as Janitor? / That Was Then, This is Now / Waiting on the FOMC / A Big Promotion at Fannie Mae / Cuts at Fifth Third / Dave Jeffers’ New Job

June 19, 2019
Paul Muolo

Fannie Mae this week promoted Strategy Advisor Andy Peters to vice president and head of single-family strategy. He joined the government-sponsored enterprise last fall...


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A Kinder, Gentler CFPB Provides More Transparency on Civil Investigative Demands

June 19, 2019
Yemeng Yang

In May, the bureau published nine orders partially modifying CIDs issued over the past few years.


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Residential Servicers Concerned About FCC Call-Blocking Language

June 19, 2019
Brandon Ivey

Industry trade groups are not happy with the regulatory language, believing it could prevent much needed reminders to mortgagors in trouble…


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Short Takes: Behind the Scenes at Ditech / Moelis & Company? Why is that Name Familiar? / Fans at Treasury / Craig Phillips Has Left the Building / More from MBA on its Index

June 18, 2019
Paul Muolo and Brandon Ivey

The name Moelis should be familiar to mortgage professionals, especially those keeping tabs on Fannie Mae and Freddie Mac.


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FHFA Sues Wells Fargo in Legacy Subprime Case

June 18, 2019
Dennis Hollier

According to court filings, Wachovia Capital Markets, which served as one of the underwriters and book-runners for the NovaStar deals, provided investors with misleading statements in its SEC registrations and offering documents.


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Lenders Anxious About ‘Expanded’ Release of HMDA Data

June 18, 2019
Yemeng Yang

Anurag Agarwal, president of compliance risk analysis at Asurity Technologies, warned of an increase in regulatory examinations and fair lending inquiries from community groups and the media once the complete data set is available to the wider public.


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Short Takes: Rate Cut Coming? / Keeping an Eye on the 10-Year … and the UMBS / Busy Lenders / Brokers Gain on Retail LOs / SFIG Meets with FHFA / Greystone Hires Freddie Mac Executive

June 17, 2019
Paul Muolo

Look out below on rates? The FOMC meets this Wednesday and some market watchers are predicting a surprise rate cut...


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Four Years After Getting Sued for FHA Fraud, Quicken Settles. No Wrongdoing Admitted

June 17, 2019
Paul Muolo

As recently as late April, Quicken reiterated it would not settle the False Claims Act case even though both parties earlier this spring agreed to work with a court-appointed mediator to try to resolve their dispute.


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Moody’s Calls Increased Competition for Fannie and Freddie a Credit Negative

June 17, 2019
Paul Muolo

But Moody’s sees it differently, stating “more competitors could lead to weaker underwriting standards or price competition, both credit negatives for the GSEs’ creditors. How negative this would be depends on how quickly, and predictably, their market share declined.”


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