National Mortgage News, Feb. 26, 2019–Bonnie Sinnock (subscription)Altisource Portfolio Solutions recorded multimillion-dollar net losses in the fourth quarter and the full year for 2018, due to the reduction of the Ocwen Financial servicing portfolio and other repositioning activities.
Category: Top National News
MBA’s Look at IMBs Lays Out Set of Recommendations
Mortgage Media, Feb. 22, 2019–David Stevens, CMBFormer MBA President and CEO says the MBA paper goes further in its efforts to dispel many of the myths–“perhaps accusations”–against IMBs, showing how well-regulated they are, and how stable this segment is. More importantly, Stevens says, the paper lays out a set of recommendations for the future that address liquidity, capital and regulatory consistency for the future of the housing market.
Investor Interest in Data Centers Growing In Step with Tech Demand and Increasing ROI
National Real Estate Investor, Feb. 25, 2019–Patricia Kirk Though it’s a relatively young asset class, investor interest in data centers is growing rapidly due to global demand for faster connectivity and data storage.
Nonbank Mortgage Lenders Seek Changes that Bolster Funding Resources
National Mortgage News, Feb. 25, 2019–Bonnie Sinnock (subscription)Policymakers could improve independent mortgage banks’ financial stability by giving these companies improved access to liquidity, according to the Mortgage Bankers Association.
More Americans are Paying Mortgages on Time
Miami Herald, Feb. 25, 2019–Kenneth R. HarneySo here’s the good news: The national delinquency rate on home loans hit the lowest level it’s been in 18 years as of the final quarter of 2018, according to data compiled by the Mortgage Bankers Association.
Why Bubble-Era Home Mortgages are a Disaster Waiting to Happen
MarketWatch, Feb. 25, 2019–Keith JurowRemember all those sub-prime mortgages that blew up in 2007 and popped the housing bubble? The truth is these mortgages are still dangerous and could soon undermine the housing recovery.
Virginia Home Prices Spike Ahead of Amazon’s Arrival
National Mortgage Professional, Feb. 25, 2019–Phil HallThe housing markets around the future home of Amazon’s second headquarters in Arlington, Va., have seen a significant increase in median home prices and an equally sharp decline in inventory.
House Banking Panel to Examine Wells Fargo, CFPB in March
National Mortgage News, Feb. 25, 2019–Hannah Lang (subscription)The House Financial Services Committee will hold eight hearings in March to examine issues ranging from oversight of Wells Fargo to the allocation of disaster recovery funds, Chairwoman Maxine Waters, D-Calif., announced Monday.
Mortgage Sector Boosted Thanks to Low Volatility and Dovish Fed
Bloomberg, Feb. 22, 2019–Christopher MaloneyThe mortgage sector has outperformed U.S. Treasuries by 39 basis points year-to-date, helped in part by a confluence of low volatility and a dovish Federal Reserve.
Federal Reserve Report Highlights ‘Resilient’ Financial System
Wall Street Journal, Feb. 22, 2019–Paul Kiernan (subscription)The Federal Reserve said in a report to Congress Friday the U.S. financial system remains “substantially” safer than before the 2007-09 recession but noted a significant expansion in business debt and weaker lending standards.