Mortgage Gripes Filed with the CFPB Fall to a New Low January 29, 2019 Yemeng Yang Servicing practices attracted the most mortgage-related complaints, accounting for almost half, Inside the CFPB found…Read More
Step 1 in GSE ‘Administrative’ Reform: Letting Fannie and Freddie Build Capital January 29, 2019 Paul Muolo Currently, Fannie and Freddie are allowed to maintain a maximum capital cushion of $3 billion each. Anything above that amount is swept into the U.S. Treasury. …Read More
Short Takes: Is the Party Over for GSE Common? / A Bubble Bursting on Shareholders / The King of MSR Buys: New Residential / Cleveland Rocks (for New Home Owners), Pittsburgh and OKC Too / Freddie Gets New Chairperson January 29, 2019 Paul Muolo New Rez’s MSR haul: $50.9 billion of agency product...Read More
Short Takes: Rep. Waters Wonders: Is Otting Legal? / An End-Run? / Cowen on Calabria’s Chances / The Fed Gets a New Director of Research January 28, 2019 Paul Muolo
What We’re Hearing: The Coming War Over Administrative Reform of the GSEs / Trust in (MBS) Traders / Congress Committed to Legislative Reform / Predictions Can be Difficult / At Least Bill Ackman is Happy / JPMorgan Now #4 in Mortgage Lending January 25, 2019 Paul Muolo Pershing Square CEO Bill Ackman should be a happy man these days. His investment in Fannie and Freddie is now in the black...Read More
New Rez Ready to Kick Ditech to the Curb on Subservicing Contract January 25, 2019 Paul Muolo In a new 8-K filing, Ditech said that on Jan. 17 it received a termination notice from New Residential...Read More
NAR Calls on USDA to Process Rural Housing Loans During Shutdown January 25, 2019 George Brooks In a series of recent emails, the NAR requested RHS to assign staff to process loan applications...Read More
CFPB’s Enforcement Chief Departs for Job in the New York AG’s Office January 25, 2019 Yemeng Yang The NYAG's division of economic justice consists of six bureaus, including one protecting consumers from fraudulent, deceptive practices.Read More
House Banking Chair Waters Wants Answers from FHFA’s Otting on His GSE Reform Plans January 25, 2019 Paul Muolo In mid-January, in a speech to FHFA staffers, Otting vowed to make administrative changes to the GSEs but offered no time table or details...Read More
An Administrative Plan to Reform the GSEs Imminent? January 24, 2019 Paul Muolo The spokeswoman stressed that Otting did not mention Congressional approval, a timeline or "discuss any details of the plan.”Read More
RSS