Wall Street Journal, Sept. 26, 2017–Kirsten Grind (subscription)Investigators from the Federal Bureau of Investigation and the Securities and Exchange Commission are looking into business practices at Renovate America Inc., the largest provider of energy-saving home-improvement loans.
Category: Top National News
Corker’s Retirement May Change GSE Reform Calculus
National Mortgage News, Sept. 26, 2017–Kate Berry, Rob Blackwell (subscription)Sen. Bob Corker, R-Tenn., a key voice in the debate over housing finance reform and one of the Senate Banking Committee’s most influential members, announced Tuesday that he will not seek re-election in 2018.
Trying to Stem Fallout From Breach, Equifax Replaces CEO
New York Times, Sept. 26, 2017–Ron Lieber, Stacy CowleyRichard Smith is out as Equifax CEO. The shake-up is the culmination of weeks of mounting public and legal pressure on the Atlanta-based data clearinghouse from citizens, politicians and investors.
Non-QM Drives Growth at Angel Oak
Mortgage Daily, Sept. 26, 2017The Atlanta-based company reported Tuesday that its businesses are on track to collectively originate more than $1 billion in non-QM loans this year.
Lenders Host Mortgage Assistance Events for Homeowners After Harvey
Houston Chronicle, Sept. 26, 2017–Katherine FeserHomeowners whose homes were damaged or destroyed by Hurricane Harvey with mortgage loans insured by the Federal Housing Administration are invited to learn about their options and resources at free mortgage assistance events held this week and next.
How PNC’s Real Estate Head Leads by Listening
National Mortgage News, Sept. 25, 2017–Bonnie Sinnock Leadership is not about being the loudest voice in the room, it’s about listening. That’s Diana Reid’s philosophy, and it’s worked for her.
Mortgage Rates Rise Above 4% Threshold
Mortgage Professional America, Sept. 25, 2017–Francis MonfortMortgage rates rose last week for the second straight week as market tensions continued to ease.
Mortgage Compliance and Quality Control Help
Mortgage Daily, Sept. 25, 2017–Sam GarciaOne mortgage technology provider is helping lenders comply with upcoming changes on reporting requirements. Quality control is the focus of another service provider.
Home Lenders Loosen Standards as Demand Wanes
Mortgage Daily, Sept. 25, 2017As demand has diminished for refinanced single-family loans, credit standards on mortgages–especially government-sponsored enterprise loans–have loosened.
Fed’s Dudley Sees More Rate Hikes as US Inflation Weakness Fades
Reuters, Sept. 25, 2017The Federal Reserve is on track to gradually raise interest rates given factors depressing inflation are “fading” and the U.S. economy’s fundamentals are sound, an influential Fed policymaker said on Monday.