Bloomberg, Apr. 27, 2017–Joe LightFannie Mae and Freddie Mac have paid $266 billion to the U.S. Treasury. Investors say it’s time for them to get paid.
Category: Top National News
Credit And Fraud Risk Expected To Rise As Purchase Market Gains Steam
GoRion, Apr. 27, 2017–Kerry CurryAs the mortgage market’s refinance volume declines, lenders likely will respond with more flexible underwriting standards as they seek to qualify borrowers for purchase loans, an action that may gradually increase credit risk.
Earnings Improve, Book Expands at Radian
Mortgage Daily, Apr. 27, 2017Despite retreating new business at Radian Group Inc., earnings improved, the book of business expanded and loan performance was better.
Mortgage Rates Rise, Unlikely to Move Higher
Mortgage Daily, Apr. 27, 2017–Sam GarciaThis week’s mortgage rates bounced off of 2017 lows last week but are not likely to move higher over the next week.
Staffing Expands at loanDepot
Mortgage Daily, Apr. 27, 2017The Foothill Ranch, California-based mortgage banking company serviced $34.096 billion in residential loans as of March 31.
Neat Capital Unveils Digital Mortgage Platform, Acquires Whole Loan Solutions
HousingWire, Apr. 27, 2017–Ben LaneNeat Capital announced it acquired Whole Loan Solutions, which delivers advisory services to the secondary residential mortgage market.
Stonegate Mortgage Shareholders ‘Overwhelmingly Approve’ Sale to Home Point Financial
HousingWire, Apr. 27, 2017–Ben LaneHome Point Financial Corp.’s $211 million acquisition of Stonegate Mortgage Corp. is one step closer to being finalized after Stonegate’s shareholders “overwhelmingly approved” the deal during a special meeting.
Republicans Increasingly Optimistic about Housing Finance Reform
National Mortgage News, Apr. 27, 2017–Ian McKendry (subscription)While lawmakers have grown increasingly pessimistic about the chances to significantly revamp the Dodd-Frank Act, they are hopeful that housing finance reform–which has bedeviled Congress for the past nine years–may finally have a shot at enactment.
Back Against Wall, Ocwen Challenges CFPB’s Constitutionality
American Banker, Apr. 26, 2017–Kate Berry (subscription)With its business under threat, Ocwen Financial asked a federal judge on Wednesday to throw out a lawsuit filed against it last week by the Consumer Financial Protection Bureau, claiming the agency is “unconstitutionally structured.”
Lowest Mortgage Rates Since Election Push Refinances up 7%
CNBC, Apr. 26, 2017–Diana OlickTotal mortgage application volume rose 2.7 percent last week, according to the Mortgage Bankers Association.