CFPB Makes Changes to Advisory Boards, Reversing Decisions Made by Mulvaney March 22, 2019 Yemeng Yang The bureau plans to extend the terms of half the current members in order to achieve the staggered terms and ensure continuity.Read More
FHA Lenders Can Opt for Third-Party Verification March 22, 2019 George Brooks The new guidance applies to all FHA forward mortgages and HECMs…Read More
What We’re Hearing: Goldman Sachs is Doing What? / A Wall Street Warm Up? / 10.75% Money for Freedom Mortgage / A Grade of B+ / The Green New Deal a More Important Issue than Calabria? / CoreLogic Executive Lands Top Post at Fannie Mae March 22, 2019 Paul Muolo In the Senate, the 'Green New Deal' is more important than Mark Calabria?Read More
Short Takes: The Supremes Rule on Foreclosures and the FDCPA / It’s Good to be King, Unless You’re the CEO of Freddie Mac / Angel Oak Bolsters Office Space Big Time / Tennessee Bank Looking for Non-QM Loans / Two New Directors for Fannie / Correction: Fre March 21, 2019 Brandon Ivey and Paul Muolo Based on Freddie’s annual profits, CEO Don Layton is probably one of the two most underpaid bosses in the world of finance. Soon that distinction will belong to David Brickman...Read More
Senate Banking Committee Unveils Lineup for Two Days of GSE Reform Hearings March 20, 2019 Dennis Hollier When it comes to GSE reform, it's never too early to call 12 witnesses...Read More
OCC Fines Citibank $25M for Fair Lending Violations March 20, 2019 Yemeng Yang According to the consent order, between 2011 and 2015, Citi had certain control weaknesses related to its “relationship loan pricing” program...Read More
Short Takes: Getting the Industry’s Pulse on GSE Reform / Who Gets to Lead? / Why Phillips Didn’t Get the FHFA Job / The Battle for Risk / Selling Shares in Invitation Homes / Radian Names Dave Stevens to Its Board March 20, 2019 Paul Muolo and George Brooks Who knows more about GSE reform: the White House or Treasury? We get a sense the two parties don't see eye to eye on everything...Read More
Short Takes: Why the GSE Net Worth Sweep Won’t be Reversed / Recap and Release? / A Much-Watched Profit Reading / Starwood and Impac, a Symbiotic Relationship / Bank Failures, Anyone? / Reverse Lender Hires Sales Chief March 19, 2019 Paul Muolo and Brandon Ivey Each quarter, GSE profits reduce the federal budget deficit. If that cash is forfeited...Read More
Worried About Risk, FHA Seeks to Mitigate Decreasing Credit Scores, More… March 18, 2019 George Brooks Changes to the agency’s TOTAL Mortgage Scorecard, go into effect March 18...Read More
Genworth Sale Continues to Drag On, Ninth Waiver Granted March 18, 2019 Paul Muolo The sale of Genworth was first announced in October, 2016…Read More
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