Category: Top National News

CNBC, Mar. 20, 2017–Diana Olick Remember the sliced and diced mortgage-backed bonds that brought down the U.S. economy? They’re back, but their makers say they are nothing like the former bonds–not even close.

Mortgage Daily, Mar. 20, 2017Moody’s Investors Service said reforming the government-sponsored enterprises could have wide-reaching implications for a range of sectors and entities.

The Hill, Mar. 20, 2017–Bert ElyThe author, principal of Ely & Co. Inc., says restructuring delinquent mortgages is not without its risks, though, as Goldman undoubtedly appreciates, for not all home mortgages can be successfully restructured.

Mortgage Daily, Mar. 20, 2017A new round of layoffs disclosed by PHH Mortgage Corp. brings to 240 the number of layoffs recently announced.

Wall Street Journal, Mar. 20, 2017–Jon Kamp; Scott Calvert (subscription)From Worcester, Mass., to Palm Springs, Calif., developments emerge from under enclosed shopping centers.

HousingWire, Mar. 20, 2017–Kristin MesserliWhile many lenders are jumping on the trend to incorporate new and better technology into their customer experience, they are often ignoring the key reasons why the technology is important and therefore missing the mark in implementation.

National Mortgage News, Mar. 17, 2017–Bonnie Sinnock (subscription)Arrive Home Mortgage, a startup mortgage lender, is catering to tech-savvy, do-it-yourself borrowers by using online and mobile tools to replace the upfront sales and marketing work of loan officers.

UExpress, Mar. 17, 2017–Lew SichelmanA finding by J.D. Power that 21 percent of homebuyers regret their choice of a lender–the dismayed first-time buyers were a shocking 27 percent–is probably misplaced.

Commercial Observer, Mar. 17, 2017–Cathy CunninghamLast month, The Moinian Group officially launched its lending arm, Moinian Capital Partners, with the hiring of Jonathan Chassin.

National Mortgage News, Mar. 17, 2017–Brian Collins (subscription)The Trump administration’s decision to slash all funding for the flood mapping and loss mitigation efforts in flood-prone communities is getting pushback from supporters of better flood management policies.