In a Self-Proclaimed ‘Pugnacious’ Speech, MBA Chief Takes on Washington, Regulators May 22, 2023 Paul Muolo Bob Broeksmit: "Those [hard] times have now arrived."Read More
House Hearing Extends Debate on LLPA Changes May 18, 2023 Brandon Ivey Democrats largely support FHFA's recent LLPA changes, while Republicans are opposed.Read More
Court Sides with Ocwen in Dispute with CFPB May 18, 2023 Sam Manas Ocwen entered into a consent judgment with the CFPB that lasted from February 2014 to February 2017.Read More
Former First Republic CEO Cites ‘Contagion’ From Other Failed Banks May 17, 2023 Brandon Ivey Everything was going relatively well at First Republic, until it wasn't...Read More
Republicans in Congress Critical of FHFA Pricing Policies May 17, 2023 Dennis Hollier A house hearing Wednesday will focus on GSE pricing changes prompted by the FHFA.Read More
Industry Warns of Major Issues Stemming From CFPB at Supreme Court May 16, 2023 Sam Manas Mortgage and real estate industry trade groups filed an amicus brief with the Supreme Court arguing that any ruling on the Consumer Financial Protection Bureau's funding should not affect all CFPB rules.Read More
Short Takes: The Halfway Mark / Stuck in a Range / Signature Chief Set to Testify / A Ban on Shorts? / FoA’s Iran Notice May 15, 2023 Paul Muolo Signature, before it ran into liquidity troubles, was looking to enter the market for loans backed by mortgage servicing rights…Read More
CFPB Fields Renewed Requests on LO Compensation May 12, 2023 Sam Manas The CFPB is reviewing LO comp standards, allowing industry participants to submit feedback.Read More
Some Concerns as FHA Considers Adjustments for Flood Insurance May 9, 2023 Monica Hogan The proposed change could impact about 10,500 properties within 100-year flood plains each year.Read More
Short Takes: Rithm Plans to Spin Off Mortgage Unit / ABA Concerned About Short Sellers / Impac Reduces Earnings Disclosures / Blend Warned of Possible Delisting From NYSE May 5, 2023 Brandon Ivey Rithm owns NewRez, Caliber Home Loans and Shellpoint Mortgage Servicing, among other units.Read More