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March 21, 2014

What We're Hearing: Mortgage Brokers, Start Your Engines: A 550 FICO Loan is Here / But Will it Work? / Consultant Calls the CFPB ‘Abusive’ to Mortgage Firms / The Revolving Door of the CFPB / Where’s the FHFA’s Annual GSE Scorecard? / Advice for MSR Investors

By Paul Muolo

All the world loves the CFPB? Not in the mortgage space, it seems. Financial services consultant Joe Garrett said he has six mortgage clients that have undergone exams by the agency. To say the least, it hasn't been a happy experience.

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Poll

The year is almost 75% done. How is mortgage origination volume at your shop?

We will fund about the same as we did in 2016.
We will fund more than last year – by a little.
We will fund more than last year – by a lot.
We will fund less than last year – by a little.
We will fund less than last year – by a lot.

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