Kathy Kraninger is About to Head the CFPB, but Who is She? December 6, 2018 Yemeng Yang Observers note that CFPB nominee Kraninger has no track record in financial services…Read More
Short Takes: What’s in a Name? Answer: $300 Million / Come On, Mick! We Thought You Were Pro-Business! / $300 Million? At Least Software Firms Will Make Out / Home Flips Headed for a Fall? / Who’s Doing Your Underwriting? / Law Firm Overcharges Fannie and December 5, 2018 Paul Muolo and Yemeng Yang Mulvaney has a reputation of being pro-business. Is it possible he might turn the name-change ship around to save American companies $300 million?Read More
Senate Dem Report Accuses Mulvaney of Cherry Picking the Law to Promote an ‘Ideological Agenda’ December 4, 2018 Yemeng Yang The report says that while running the agency, Mulvaney has “cherry-picked the law to promote his ideological agenda.”Read More
Mortgage Servicers in the Crosshairs of the CFPB? November 30, 2018 Yemeng Yang “We’ve seen a number of new CIDs issued by the CFPB,” said Ben Olson, a partner at Buckley Sandler.Read More
Senate Moves Ahead with Kraninger’s CFPB Nomination November 30, 2018 Yemeng Yang President Trump nominated Kraninger in June…Read More
Former CFPB Deputy Director Raj Date Joins a Fintech Company November 29, 2018 Yemeng Yang At one time, Date headed Ethos Lending, a non-QM lending affiliate of Fenway.Read More
Short Takes: News Soon from Trump on the FHFA Job? / A Place-Holder / A Bright Spot, If You Can Find One / The Better Question Might Be: Who Isn’t Going Digital? / Upcoming: CFPB Advisory Board Meeting November 29, 2018 Paul Muolo and Yemeng Yang Joseph Otting would not be the permanent director but would be a place-holder until...Read More
Newly Elected Democrat AGs Likely to Increase Enforcement November 28, 2018 Yemeng Yang “With the turmoil at the CFPB, states are feeling that they have to fill the void,” said Daniel Suvor, counsel at O’Melveny & Myers…Read More
Short Takes: Homebuyers Hitting the Brakes / But No Reason to Panic / Senate Moves Closer to Vote on Kraninger / Freddie’s ‘Sweat Equity’ Deal / A New Hire for Embrace Home Loans November 27, 2018 Dennis Hollier, Paul Muolo, and Yemeng Yang Arch Chief Economist DeFranco says despite lower sales, it’s still a seller’s market in most cities…Read More
Short Takes: Rates, Rates, Rates / When the Big Stock Swoon Comes / Checking In on Ditech / Mill City’s Non-Agency MBS / Illinois Branch Manager Accused of Fraud / MCT Hires Lenders One Manager November 19, 2018 Brandon Ivey, Paul Muolo, and Yemeng Yang Rates were in a decline Monday morning...Read More