Associated Press, Apr. 13, 2016–Rugaber, Christopher S.
U.S. retail sales fell last month as Americans cut back on their car purchases, the latest sign that consumers are reluctant to spend freely.
Category: Top National News
Down Payment Insurance Seeks to Ease Housing Bubble Fears
CNBC, Apr. 13, 2016–Olick, Diana
A Dallas firm is offering a down payment protection plan–insurance for home equity.
U.S. Producer Prices Dipped; Inflation Still Not Stirred
Wall Street Journal, Apr. 13, 2016–Mitchell, Josh; Sparshott, Jeffrey
The producer-price index fell a seasonally adjusted 0.1% in March after dropping 0.2% in February, the Labor Department said Wednesday.
Fannie’s and Freddie’s Plan to Cut Mortgage Balances May Be Near
Wall Street Journal, Apr. 13, 2016–Light, Joe
Fannie Mae and Freddie Mac could forgive mortgage principal for thousands of borrowers under a new plan to be rolled out by their regulator, the Federal Housing Finance Agency, as soon as Thursday, according to people familiar with the matter.
Fed, FDIC Watchdogs Probe ‘Living Will’ Leak
Wall Street Journal, Apr. 13, 2016–Borak, Donna
The watchdogs of two U.S. bank regulators are investigating whether the regulators’ assessments of big banks’ plans to wind down in a potential bankruptcy were leaked to The Wall Street Journal.
Big Banks Have Risks–and Benefits
Wall Street Journal, Apr. 13, 2015–Ip, Greg
Before breaking up big banks, regulators should consider the costs to customers and the economy.
Mutual of Omaha, PlainsCapital Partner on Mortgage Venture
National Mortgage News, Apr. 13, 2016–Passy, Jacob
Mutual of Omaha Bank and an affiliate of PlainsCapital Bank in Dallas have partnered to sell residential mortgages.
New Legislation Would Permanently Bar Using Fannie, Freddie G-Fees for Federal Spending
HousingWire, Apr. 13, 2016–Lane, Ben
Rep. Mark Sanford, R-S.C., introduced the bill, called H.R. 489 or the Risk Management and Homeowner Stability Act of 2016, earlier this week, along with Rep. Brad Sherman, D-Calif., and Rep. Randy Neugebauer, R-Texas. The bill would amend the Congressional Budget and Impoundment Control Act of 1974 to prohibit the use of guarantee fees as budgetary offsets.
Lenders Enjoy Greater Profits per Loan
National Mortgage Professional, Apr. 12, 2016–Hall, Phil
Last year was profitable for independent mortgage banks and the mortgage subsidiaries of chartered banks, according to new data from the Mortgage Bankers Association.
Former MBA Chair Kittle Named SVP of Government and Industry Relations for ComplianceEase
National Mortgage Professional, Apr. 12, 2016
ComplianceEase named former Mortgage Bankers Association David Kittle, CMB, as senior vice president of Government and Industry Relations.