House Power Shift May Have Little Impact on GSE Reform While Dampening Reg Relief November 16, 2018 Yemeng Yang In a recent eight-page memo outlining her priorities, Rep. Maxine Waters did not address the conservatorships of Fannie Mae and Freddie Mac…Read More
Short Takes: MMIF Audit Due Thursday / Good News Expected but no FHA Premium Cut / Trades Voice Support for Kraninger at the CFPB / A Promotion at Stewart Title November 14, 2018 Paul Muolo and Yemeng Yang The groups expressed their view that Kraninger has the ability to lead and manage the CFPB and protect the financial interest of consumers.Read More
Industry Calls for CFPB Rulemaking to Clarify the Role of Guidance November 13, 2018 Yemeng Yang Lenders continue to worry about examiners critiquing them on issues not based in law…Read More
CFPB and FHFA Release First Loan-Level Dataset for Public Use November 9, 2018 Yemeng Yang The CFPB and FHFA have been compiling the survey data but have never released the results.Read More
A Coming Sea Change? CFPB Considers Disparate-Impact Rulemaking October 26, 2018 Yemeng Yang If the CFPB issues a rule on disparate impact, there could be far-reaching implications, said Andrea Mitchell, a partner at Buckley Sandler…Read More
Fed’s Beige Book: Rising Demand for Mortgages? A Slowdown for Dallas October 25, 2018 Yemeng Yang In contrast, Dallas has seen slowing demand for real estate loans...Read More
CFPB Tweaks Ways to Convey Supervisory Findings October 23, 2018 Yemeng Yang In February, the CFPB issued a request for comment regarding its supervisory programs…Read More
Megabanks Optimistic About Digital Mortgage Applications. The Role of the LO Will Change October 18, 2018 Yemeng Yang Bank of America expects 50 percent of its mortgage clients to go the digital route next year…Read More
Complaints Filed with the CFPB Fell by Double Digits in 3Q18 October 17, 2018 Yemeng Yang The three major credit reporting bureaus – Experian, Equifax and TransUnion – continued to rank first, second and third, respectively, in the number of complaints filed…Read More
Short Takes: What Will Ben Carson Cut? / GSE DTI Ratios Too High? / A Woman May Head the FHFA / Nomura Settles with DOJ / Strong Earnings from MGIC / Needed: Some CFPB Guidance October 17, 2018 Brandon Ivey, Paul Muolo, and Yemeng Yang Budget cuts coming to HUD?Read More