Category: Top National News

National Mortgage News, Feb. 15, 2017–Bonnie Sinnock (subscription)When Phyllis Caldwell was considering whether to accept a seat on Ocwen’s board of directors, one of the items she prioritized was the company’s commitment to diversity. “Ensuring that women and minorities are involved in leadership roles brings different background, experiences, and points-of-view to the forefront, ultimately making a more successful enterprise,” emphasized Rodrigo Lopez, CMB, chairman of the Mortgage Bankers Association and executive chairman of NorthMarq Capital.

HousingWire, Feb. 15, 2017–Ben LaneSpeaking during the “Preparing for Servicing Exams” session at the Mortgage Bankers Association’s National Mortgage Servicing Conference, being held currently in Dallas, CFPB Senior Analyst Ann Thompson said that the CFPB uses the complaint database as a guide for determining whether to pursue an exam against a particular company.

Inman.com, Feb. 15, 2017–Teke WigginNew mortgage-backed securities could benefit communities, but also may raise concerns.

Wall Street Journal, Feb. 17, 2017–Kate Davidson (subscription)Federal Reserve Chairwoman Janet Yellen on Wednesday fended off Republican criticism of the central bank’s efforts to boost the economy, and repeated her warnings that proposals to rein in the Fed could compromise its independence.

National Mortgage Professional, Feb. 15, 2017–Phil HallQuicken Loans’ National Home Price Perception Index showed the average appraisal value was 1.47 percent below what owners expected in January. This was the second consecutive month that the HPPI declined.

Mortgage Daily, Feb. 15, 2017Although there was a monthly increase in government-supported refinances, overall government-sponsored enterprise refinances slowed.

Mortgage Daily, Feb. 15, 2017–Sam GarciaA recent report indicates that, driven by regulations, loan servicing technology is migrating to the cloud. One service provider seems to recently be dominating the market.

National Mortgage News, Feb. 14, 2017–Bonnie Sinnock (subscription)Few companies attacked the financial-crisis fueled boom in distressed servicing as aggressively as Ocwen Financial Corp., and not many have survived as abrupt a reversal of fortune as the company has faced.

MarketWatch, Feb. 14, 2017–Andrea RiquierUrban Institute researchers believe that more than one million mortgages could have been offered in 2015 if more balanced lending conditions prevailed.

NBC Bay Area, Feb. 14, 2017–Vicky Nguyen, Mark Villarreal, Michael Horn; Kevin NiousCalifornia has some of the country’s toughest laws requiring affordable housing. But those rules are rarely enforced, leaving millions of people looking for alternative ways to live.