Forbes, Aug. 28, 2015–Team, Trefis
The U.S. mortgage industry witnessed an exceptionally strong level of activity over the second quarter of the year, with data compiled by the Mortgage Bankers Association showing that $395 billion in mortgages were originated over the period.
New York Times, Aug. 28, 2015–Prevost, Lisa
Home buyers who can’t put at least 20 percent down usually have to carry private mortgage insurance, often an expensive proposition. One good thing about mortgage insurance, though, is that it doesn’t last forever.
Wall Street Journal, Aug. 28, 2015–Fitzgerald, Patrick
A federal judge has awarded the court-appointed trustee overseeing the liquidation of Thornburg Mortgage Inc. $45 million in his crisis-era lawsuit against RBC Capital Markets LLC, finding the bank shortchanged the mortgage lender when it seized and subsequently sold some of its assets.
Mortgage Servicing News, Aug. 28, 2015–Collomer, Nora
Residential mortgage servicers are once again tapping the securitization market to fund advances to bondholders for the first time since April 2014.
Bloomberg, Aug. 28, 2015–Chandra, Sho
Consumer purchases climbed in July as incomes grew, showing the biggest part of the U.S. economy was off to a good start to the quarter.
Reuters, Aug. 28, 2015–Spicer, Jonathan; Schneider, Howard
Federal Reserve officials who are most anxious to hike interest rates said on Friday that continued turmoil in financial markets may cause the central bank to delay tightening monetary policy beyond next month, even though the U.S. economy remains strong.
Charlotte Observer, Aug. 30, 2015–Roberts, Deon
Nine years after the start of the U.S. housing crisis, complaints about mortgage companies top the list of grievances North Carolina consumers are filing with a federal regulator.
HousingWire, Aug. 31, 2015–Garrison, Trey
Chuck Gabriel hosted Mortgage Bankers Association President and CEO David Stevens on Capital Alpha’s regular Spotlight Call, and in the lengthy conversation Stevens expanded on a blog he wrote last week where he seemed more open than at any time in the past to pulling Fannie Mae and Freddie Mac out of conservatorship, while still maintaining their guarantee.
Washington Post, Aug. 27, 2015–Orton, Kathy
Turmoil in the stock market drove mortgage rates lower this week, sending the 30-year fixed-rate average down to its lowest level in three months.
Wall Street Journal, Aug. 27, 2015–Lahart, Justin
Market turmoil has cast doubt on the Fed’s September intentions. But a rate increase remains very much on the table. http://www.wsj.com/articles/the-case-for-a-september-fed-rate-rise-1440698537
