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Volume 2018 - Number 2

January 11, 2018

Sen. Warren Questions Whether CFPB AD Mulvaney Data Collection Shut Down is Impeding Examiners

Sen. Elizabeth Warren, D-MA, has questioned whether Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau, inappropriately capitalized on some Inspector General con-cerns about the agencyís data security to unjustifiably freeze the bureauís collection of consumer per-sonal information, thereby compromising examiner oversight functions.

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With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.


No. It’s still difficult compliance/regulatory-wise.


Maybe. It’s under consideration.


Not now. But things could change as 2018 progresses.