Category: Top National News

Commercial Observer, May 10, 2017–Elyssa KatesMany people do not think of commercial real estate when they think about cyberattacks. But they should.

National Real Estate Investor, May 10, 2017-Beth Mattson-TeigLenders chasing higher yields have crowded into the bridge lending space. And borrowers are cashing in on that competition with more favorable rates, and in some cases, more aggressive underwriting.

Bloomberg, May 10, 2017–Elizabeth DexheimerSen. Elizabeth Warren, D-Mass., is eager to pursue legislation that would break up Wall Street megabanks and has pushed the issue with members of the Trump administration.

Wall Street Journal, May 10, 2017–Jenny Strasburg (subscription)Deutsche Bank AG’s new biggest shareholder, Chinese conglomerate HNA Group, used more than $2.8 billion in financing to help buy its nearly 10 percent stake in the lender.

GoRion, May 10, 2017–Sam Bourgi From peer-to-peer lending to instant applications, financial technology is revolutionizing the mortgage industry. Once the exclusive purview of the major financial institutions, mortgage lending has been upended by a new breed of companies looking to simplify the loan process.

The Hill, May 10, 2017–Lydia WheelerThe Consumer Financial Protection Bureau is reviewing the mortgage servicing rules under the Real Estate Settlement Procedures Act that was amended under the Dodd-Frank Act.

HousingWire, May 10, 2017–Brena SwansonThe Texas Department of Savings and Mortgage Lending recently ordered Ocwen Financial Corp. to cease and desist, adding its name to a growing list of states and regulators coming after the mortgage servicer over alleged violations of state and federal law.

Burlington County Times (N.J.), May 10, 2017–Crissa Shoemaker DeBreeMount Laurel mortgage company PHH Corp. reported a first-quarter net loss of $67 million, or $1.26 a share. The loss was double the $30 million loss reported a year ago and comes as the company continues to restructure its business.

Mortgage Orb, May 10, 2017–Patrick BarnardNorth Carolina made history last week when it hosted its first paperless, all-electronic e-closing in the state. What’s more, it was only the fifth all-electronic e-closing in the U.S.

Mortgage Daily, May 10, 2017One offering has 3,600 non-performing Fannie Mae loans with a collective unpaid principal balance of $613 million. Bids are due by June 1.