Milwaukee Journal-Sentinel, Mar. 5, 2016–Spicuzza, Mary; Spivak, Cary
A bill that would strip the City of Milwaukee of its ability to force financial institutions to quickly sell abandoned, foreclosed properties known as zombie homes is headed toward the Senate floor.
Miami Herald, Mar. 4, 2016–Harney, Kenneth R.
Under new federal real estate settlement procedures that took effect late last year, an unexpected problem is taking shape: Many lenders and title companies are refusing to provide copies of the final closing documents to real estate agents representing home buyers.
Creators Syndicate, Mar. 7, 2016–Woodard, James
The mortgage foreclosure rate has dropped to a more normal rate. This was the major point in a report recently issued by the Mortgage Bankers Association.
Washington Post, Mar. 3, 2016–Orton, Kathy
Encouraging economic data pushed mortgage rates higher for the first time in more than two months this week.
National Mortgage Professional, Mar. 3, 2016–Hall, Phil
The uptick in mortgage rates was not shared in the level of available mortgage credit. According to the latest data from the Mortgage Bankers Association, the Mortgage Credit Availability Index remained unchanged at 123.8 in February.
Wall Street Journal, Mar. 3, 2016–Martin, Anya
Now, you can apply for a jumbo loan while wearing pajamas. More mortgage lenders are offering digital portals in which home buyers can apply for a loan, submit documentation and track the approval progress.
Scotsman Guide, Mar. 3, 2016–Whitman, Victor
Delinquency rates on commercial and multifamily mortgages held by the major investor classes generally fell or remained stable in the fourth quarter, the Mortgage Bankers Association reported.
American Banker, Mar. 3, 2016–Berry, Kate
Oversight of the four largest mortgage servicers’ compliance with the national mortgage settlement is officially over, the watchdog overseeing the process said Thursday.
Reuters, Mar. 3, 2016
Bank of New York Mellon Corp. must face a lawsuit seeking to hold it liable for causing $1.12 billion (£790.7 million) of investor losses by failing to properly monitor five trusts backed by toxic residential mortgages, a Manhattan federal judge ruled.
National Mortgage News, Mar. 3, 2016–Sinnock, Bonnie
Ginnie Mae, the agency that insures government loan securitizations could use some more subservicers because it is concerned that so much of its issuance gets outsourced to a small number of players.
