DS News, Apr. 24, 2017–Seth WelbornMortgage fraud risk is up across the country, according to the CoreLogic National Mortgage Application Fraud Risk Index for the first quarter.
Category: Top National News
Four Tricky Issues in the Trump-Cordray Standoff
National Mortgage News, Apr. 24, 2017–Kate Berry (subscription)President Trump and Consumer Financial Protection Bureau Director Richard Cordray appear locked in a game of chicken over his continued leadership of the agency.
Getting Tax Quotes Right
UExpress, Apr. 21, 2017–Lew SichelmanThe one thing lenders seem to have the most trouble with at closing is estimating the borrower’s property taxes. They invariably get it wrong, and borrowers pay the price.
Financing Industrial: PGIM Real Estate Finance CIO Talks Discipline, Disruption
Commercial Property Executive, Apr. 21, 2017–Sanyu KyeyunePGIM Real Estate Finance CIO and Senior Portfolio Manager Paige Hood shares his views on market volatility, discipline and potential opportunities and challenges that will affect commercial real estate finance and investment.
Facing Headwinds, Retail Real Estate Development Activity Remains Muted
National Real Estate Investor, Apr. 21, 2017–Diana Bell Swamped by retail bankruptcies, restructurings and re-sizings over the past two years and experts contending that the U.S. is over-retailed, retail development remains at a pace well below historic highs.
Government Shutdown Would Create Mortgage Roadblocks
CNBC, Apr 21, 2017–John W. SchoenMBA President and CEO David Stevens said in event of shutdown, work on FHA mortgage paperwork would stop. “There’s no ‘wink-wink, keep your laptops and we’ll call you,” he said.
Fired Wells Fargo Employees Say They Were Made Scapegoats in Mortgage Scheme
NJ.com, Apr. 21, 2017–Matt GrayA group of fired Wells Fargo Home Mortgage employees are suing the company, saying they were made the scapegoats for an illegal practice encouraged by higher-ups.
This is What Homeowners Did with their Savings on Variable Mortgage Rates
MarketWatch, Apr. 21, 2017–Jacob PassyHomeowners whose mortgage payments dropped when their adjustable-rate mortgage reset to a lower rate increased their spending, according to a report released this week from the JPMorgan Chase Institute.
Trump To Put Two Dodd-Frank Powers on Hold in Symbolic Move
Wall Street Journal, Apr. 21, 2017–Ryan Tracy (subscription)The Trump administration will put on hold two of its powers under the Dodd-Frank financial overhaul law, Treasury Secretary Steven Mnuchin said Friday.
Ocwen Answers State Regulators’ Charges of Widespread Servicing Errors
HousingWire, Apr. 21, 2017–Ben LaneOcwen released a lengthy statement Thursday stating that it intends to fight the Consumer Financial Protection Bureau’s lawsuit, claiming that the bureau’s charges are “inaccurate” and “unfounded.” And early Friday morning, Ocwen released another lengthy statement, but this one is in response the state banking regulators allegations.