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Home » Authors » Charles Wisniowski

Articles by Charles Wisniowski

Want to Reward Your Top Loan Officers? Keep Their Comp Plan Simple

April 24, 2014
Charles Wisniowski
Attorney Richard Andreano noted that the rule’s bonus provisions remain confusing for many lenders.
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HUD Chief: ‘Inaction Simply Not an Option’ on GSE Reform; Rumors of a Delay?

April 23, 2014
Charles Wisniowski
Sources tracking the bill’s progress believe that if those votes cannot be lined up in time, then next week’s markup could be delayed by a few days.
Read More

Short Takes: Lenders Begin to Loosen Credit Standards? / Ellie Mae Snafu Called ‘Bizarre’ / MBA, Others Want GSE Reform Now / Applications Slump Again / Sorry, No One’s Making Mortgages

April 23, 2014
Brandon Ivey, Paul Muolo, and Charles Wisniowski
As for details, a spokesman for the company said Ellie isn’t talking about the topic at this time. In an email exchange with IMFnews, mortgage technology consultant Tony Garritano of Progress in Lending called the whole episode “very bizarre”…
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Short Takes: Ethos To Fund Loans in Colorado / Lawsky Wonders Aloud On Why Ocwen Does Not Love NY Realtors / Jumbo MBS Bust This Year? / Garrett Warns on CFPB / FHFA To Collect More Borrower Info

April 22, 2014
Brandon Ivey, Paul Muolo, Thomas Ressler, and Charles Wisniowski
The FHFA shortly will begin to collect additional, more specific and personal information on borrowers and loans as part of the National Mortgage Database project the agency launched with the Consumer Financial Protection Bureau.
Read More

Growing Opposition to Senate GSE Reform Could Stall Bill Markup

April 21, 2014
Charles Wisniowski
While Congress is halfway through its two-week Easter/Passover recess, political pressure continues to build against the Senate’s bipartisan housing finance reform legislation, leading to growing doubt whether the scheduled markup of the bill will occur as scheduled later this month.
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Fannie: Second-Home Mortgages Rebounding

April 21, 2014
Charles Wisniowski
A new report by Fannie Mae finds that second-home mortgage market activity is in the midst of a strong rebound, representing a small yet significant corner of the mortgage market.
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Short Takes: CFPB Releases Guide to RESPA and TILA Disclosure Forms/Fannie Forecasts Accelerated Economic Growth in 2Q 2014/FHFA 2014 Scorecard ‘Soon’/Congress Remains in Recess This Week

April 21, 2014
Thomas Ressler and Charles Wisniowski
ICYMI: Late last week, the Consumer Financial Protection Bureau released its guide to completing its integrated disclosure forms under the Real Estate Settlement Procedures Act and the Truth in Lending Act.
Read More

Judge Denies S&P Motion to Split DOJ MBS Fraud Case, Allows Discovery

April 17, 2014
Charles Wisniowski
Judge in the DOJ's case against Standard & Poor's handed the rating service a mixed ruling.
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FHFA-OIG: Big Bank Members Boost FHLBank Advances, Reporting Needed

April 16, 2014
Charles Wisniowski
The surge in recent years of Federal Home Loan Bank advances by big banks presents safety and soundness risks, according to the Federal Housing Finance Agency's Office of Inspector General.
Read More

DeMarco Touts Common Securitization Platform on His Way Out

April 16, 2014
Charles Wisniowski
With Mel Watt remaining silent, Ed DeMarco used one of his last days at the Federal Housing Finance Agency to reminisce.
Read More
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