Detroit Free Press, Mar. 22, 2016–Tompor, Susan
Some families face foreclosures after a spouse dies, the money is tight, and the mortgage is only in the name of the deceased. ustin Wiseman, director of loan administration policy at the Mortgage Bankers Association, said situations can be complex, such as when multiple successors apply for different loan modifications the same mortgage, or when privacy issues come into play.
Bloomberg, Mar. 23, 2016–Scully, Matt
The Securities and Exchange Commission is looking at whether mortgage servicers are boosting profits by prematurely unleashing debt collectors on delinquent borrowers.
Washington Post, Mar. 22, 2016–Badger, Emily
Buy a starter home, if all goes well, and you position yourself later to trade up. A starter home helps make possible a second home, which makes possible maybe a third even grander one somewhere down the line. But what happens when the most affordable entry-level housing on the market costs $700,000?
VEGAS Inc., Mar. 22, 2016–Morris, J.D.
MGM Resorts International’s new real estate subsidiary, which will own 10 of the company’s properties, filed a registration statement for an initial public offering.
DSNews, Mar. 21, 2016–West, Xhevrije
The non-qualified mortgage loan market has originators a bit wary toward borrowers and questioning if the risk is really worth it.
Jacksonville Daily News, Mar. 21, 2016
The adjustable-rate mortgage is back to show potential homebuyers it’s not the villain of the housing market. It’s time to debunk the myths that give ARMs the “bad guy” reputation it doesn’t deserve.
National Mortgage News, Mar. 21, 2016–Sinnock, Bonnie
As a handful of new issuers enter the market and the implementation of a key regulation pave the way for subprime securitization’s comeback, the volume of new loans that are actually available to the market remains a question.
National Mortgage News, Mar. 21, 2016–Peters, Andy
MetaSource in Salt Lake City has acquired Titan Lenders Corp. to bolster its mortgage outsourcing and technology capabilities.
Bloomberg, Mar. 21, 2016–Yu, Hui-Yong; Perlberg, Heather
Starwood Hotels & Resorts Worldwide Inc. accepted an improved takeover offer from Marriott International Inc. valued at $13.6 billion, proceeding with plans to form the world’s largest hotel operator as investors led by China’s Anbang Insurance Group Co. seek to thwart the deal.
Bloomberg, Mar. 21, 2016–Chiglinsky, Katherine
Genworth Financial Inc. shares gained after bondholders agreed to changes sought by Chief Executive Officer Tom McInerney as he reshapes the insurer and seeks to rebound from losses on long-term care coverage.
