New York Post, Apr. 16, 2016–Curan, Catherine
Non-bank servicers are taking a page from their predecessors’ playbooks. Sources say that many of the same old problems the National Mortgage Settlement partially sought to address are back with the nonbank servicers, including long delays in reviewing loan modifications and wrongful denials of loan modification requests.
Wall Street Journal, Apr. 15, 2016–Beckerman, Josh
McGraw Hill Financial Inc. has agreed to sell J.D. Power, known for its ratings on auto makers and other industries, for $1.1 billion to investment firm XIO Group.
HousingWire, Apr. 15, 2016–Lane, Ben
The National Credit Union Administration announced it reached a $69.8 million settlement with UBS, as the company becomes the latest to settle with the NCUA over losses related to several corporate credit unions’ purchases of faulty residential mortgage-backed securities in the run-up to the financial crisis.
HousingWire, Apr. 15, 2016–Gaffney, Jacob
Fannie Mae is moving forward with plans to reduce its office space across the Dallas/Fort Worth area.
MarketWatch, Apr. 16, 2016–Goldstein, Daniel
That sound you hear may be some air finally escaping from the inflated San Francisco real estate market.
Wall Street Journal, Apr. 17, 2016–Lahart, Justin
Conditions are right for the housing market to finally shift into higher gear. The Mortgage Bankers Association last week said its index of mortgage applications for purchasing a home was up 24% from a year earlier.
Washington Post, Apr. 14, 2016–Orton, Kathy
Although low mortgage rates would help affordability in the housing market, reservations about where the economy is headed seem to be having an effect on home buyers.
National Mortgage Professional, Apr. 14, 2016–Hall, Phil
The Mortgage Bankers Association Builder Application Survey reported mortgage applications for new home purchases increased by 17 percent from February to March.
Los Angeles Times, Apr. 14, 2016–Puzzanghera, Jim
The Federal Housing Finance Agency on Thursday announced a long-awaited initiative to allow some homeowners facing foreclosure to reduce the principal on their mortgages.
Wall Street Journal, Apr. 14, 2016–Rudegeair, Peter; Glazer, Emily
Wells Fargo & Co.’s first-quarter profit fell 5.9% as the nation’s third-largest bank by assets said the slump in oil prices continued to punish energy companies and started to hurt some consumers.
