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
CHLA Anxious About What Ginnie Mae Might Do January 24, 2019 Paul Muolo CHLA adds that “enhanced” supervision should focus on Ginnie Mae's largest issuers...Read More
Short Takes: Bob Ryan Staying Put at FHFA / Treasury Likes Moelis? / 24 Million Banking and Mortgage Documents Exposed? / Something to Worry About / Not Collecting a Paycheck at Ginnie January 24, 2019 Paul Muolo Will the Moelis plan be the one?Read More
Fate of the GSE ‘Patch’ Undecided Despite its Importance January 23, 2019 Dennis Hollier Joe Pigg of the American Bankers Association is among those expressing concern about the high DTIs of loans under the GSE patch…Read More
IRS Confirms that Lenders Are Eligible for New 20 Percent Deduction (in Some Instances) January 22, 2019 Brandon Ivey The IRS, however, doesn’t address whether lenders that purchase mortgages are eligible for the deduction.Read More
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