OIG: FHFA Understated Cost to Develop UMBS Platform April 23, 2019 Dennis Hollier As early as October 2016, the FHFA was aware the project was "off track" and additional costs were likely, the IG said...Read More
Short Takes: Pacific Union Made $32M in Loans to Members / Mortgages to Employees? / Invitation Homes Pays Off Loans Early / A Reshuffle at Mortgage Capital Trading / PRMI Hires Reverse Manager April 22, 2019 Paul Muolo Lending to one's own employees: How big of a deal?Read More
Brookings Warns of Hidden Discrimination in Algorithms April 22, 2019 Yemeng Yang The adoption of new technologies will pose challenges for originators to comply with fair lending rules and for regulators to detect hidden discrimination.Read More
What We’re Hearing: Good Luck Mr. Calabria / So What’s First on the List? / Digital Mortgages, the Great Mortgage Employment Reducer? / About that 25 BPs LLPA Charge from Fannie Mae / Op-Ed by Caliber CEO Das Sets Tongues Wagging April 12, 2019 Paul Muolo A new op-ed from Caliber Home Loans CEO Sanjiv Das has people talking, and not necessarily in a good way...Read More
What We’re Hearing: Franklin Raines’ Dream / FannieMae.com? / The Hype Behind Digital Mortgages and Cost Savings / Replacing Moderately Paid Workers with Expensive Programmers / Calabria a Lock? / NAR's GSE Ideas February 22, 2019 Paul Muolo And here’s another farce: Once the system is built, maintaining it will be cheap (because regulations and products never change)…Read More
Short Takes: Tim Mayopoulos Lands / More Hires at Blend / Bill Dallas and ‘The End of Easy’ / The Government Shutdown and Desperate Measures / SCOTUS and the CFPB January 22, 2019 Paul Muolo and Yemeng Yang Finance of America is calling 2019 'End of the Easy'...Read More
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