IMFnews

January 31, 2018

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Corker’s GSE Bill Raises a Host of Questions. Five or Six MBS Guarantors Need to be Up and Running For it to Work

The FHFA would be tasked with maximizing profits on any asset sales by Fannie and Freddie, according to the Corker bill… Read More

Widespread Support for HFSC Portfolio QM Bill

However, at the markup, the bill was amended to limit the types of mortgages that will receive QM status. Read More

FHA Issues Disaster-Related Waiver for Early-Payment Default Reviews

Due to the string of natural disasters, FHA anticipates an increase in EPDs… Read More

PHH CEO Robert Crowl Gets a New Contract, Could Earn $2 Million-Plus This Year

Over the past two years, PHH has sold off large chunks of its MSR portfolio, while remaining as the subservicer of record… Read More

Appeals Court Rules in PHH’s Favor in RESPA Dispute with the CFPB; However, CFPB's Constitutionality is Upheld

The ruling is a huge win for the mortgage industry, said former CFPB attorney Benjamin Olson, now a partner at the Buckley Sandler law firm… Read More

Short Takes: Leaked DOJ Memo Directs Prosecutors to Dismiss Meritless FCA Cases / FCA by the Numbers / Joshua Rosner Weighs in on Corker Bill / Flushing GSE Money Down the Toilet? / Ally’s Mortgage Profit

DOJ notes that “over the last several years” there has been a record increase in qui tam (whistleblower) actions filed under the False Claims Act... Read More