The Consumer Financial Protection Bureau filled the news this week after industry reports questioned the status of TRID, along with a U.S. Senator calling out the bureau for being a “rogue agency.”
Yahoo is joining fellow Internet search giant Google (GOOG) in offering a built-in mortgage calculator, available both within searches and as a standalone page.
Here are the teasers for the most-read stories on HousingWire for this week. But this time, the Twitter form follows (NOTE: Scroll down for tweets).
1. U.S. Senator: CFPB is rogue agency dishing out malicious financial policy
It’s clear that the Consumer Financial Protection Bureau and its behavior elicit strong opinions from Capitol Hill and beyond. And now, one U.S. Senator is calling the CFPB a “rogue agency” that needs to be seriously reined in.
2. CFPB: No concrete plans to extend TRID
Industry talk quickly spread after a speech on Wednesday by Steven Antonakes, deputy director of the Consumer Financial Protection Bureau, where he seemed to suggest that the CFPB might delay the Integrated Disclosure deadline. The CFPB is putting an end to the rumors.
3. Ocwen speeds exodus from mortgage servicing with latest, massive MSR sale
In what’s becoming a weekly occurrence, Ocwen Financial announced Tuesday that it will sell off another massive agency mortgage servicing rights portfolio. The buyer this time? Nationstar, which is expecting more, similar deals to come.
4. Yahoo launches feature-heavy mortgage calculator
Google made waves in the mortgage industry earlier this year when it quietly launched a built-in mortgage calculator. Yahoo is joining the mortgage calculator game as well, but its built-in calculator is far more feature-rich than Google's option.
5. Wells Fargo cutting 1,000 mortgage servicing jobs
The bad news? Wells Fargo is cutting about 1,000 mortgage servicing jobs. But the good news is that the job cuts mean there are fewer legacy and problem mortgages to service.
U.S. Senator: CFPB is rogue agency dishing out malicious financial policy: It’s clear that the Consumer Financ... http://t.co/9tgiQBaiIB— Karen Cimera (@kcimera) March 23, 2015
Cue the circus music! CFPB: No concrete plans to extend TRID | 2015-03-25 | HousingWire http://t.co/dAyqhgwVMO— Brian Rieger (@BrianRieger) March 25, 2015
Ocwen speeds exodus from mortgage servicing with latest, massive MSR sale http://t.co/OdfBKcBT5J— Brandon Kekich (@brandonkekich) March 24, 2015
Ouch - Wells Fargo cutting 1,000 mortgage servicing jobs: http://t.co/29vfBYzqQc— Smisko Law Firm (@SmiskoLawFirm) March 26, 2015
Other strong tweets from the week:
Congresswoman wants to put Fannie, Freddie profits in escrow | 2015-03-26 | HousingWire http://t.co/RgOS4vdLKY | Dream on GSE zombies...— Christopher Whalen (@rcwhalen) March 27, 2015