Wall Street Journal, Jan. 26, 2016–Hufford, Austen
In the latest settlement stemming from the financial crisis, J.P. Morgan Chase & Co. agreed to pay bond insurer Ambac Financial Group Inc. $995 million to settle lawsuits alleging it misrepresented the quality of mortgages backing hundreds of securities it insured.
HousingWire, Jan. 22, 2016–Swanson, Brena
As concerns over falling oil prices start to plague housing, the Mortgage Bankers Association’s latest chart of the week examined the 2015 trend in employment in several states reliant on oil production to help put in perspective the potential impact to the housing market.
Mortgage Professional America, Jan. 22, 2016–da Rosa, Justin
With many markets rebounding and the housing crisis in the rear-view mirror–yet not yet far behind us–many are calling for that recovery to continue into 2016.
Daily Press (Newport News, Va.), Jan. 22, 2016–Fain, Travis
Virginia settled a lawsuit against nearly a dozen of the country’s biggest banks, which it accused of defrauding Virginia’s employee retirement fund with mortgage-backed securities. The settlement totals about $63 million, Attorney General Mark Herring announced Friday.
National Mortgage Professional, Jan. 22, 2016–Hall, Phil
The latest wave of housing market data is pointing to an alignment of positive developments regarding home sales, loan closing times, rent spikes and foreclosure levels.
National Mortgage News, Jan. 22, 2016–Collins, Brian
The Federal Housing Finance Agency may face legislation or a lawsuit in the near future as it tries to force captive insurance companies to exit the Federal Home Loan Bank System.
Bloomberg, Jan. 22, 2016–Clark, Patrick
After a three-year period of rapid growth, rents are likely to flatten in 2016, according to a new report.
Reuters, Jan. 22, 2016–Mutikani, Lucia
U.S. home resales rebounded strongly in December from a 19-month low and prices surged, indicating the housing market recovery remained intact despite signs of a sharp deceleration in economic growth in recent months.
Creaters Syndicate Inc., Jan. 23, 2016–Woodard, Jim
Many homeowners and prospective buyers have been dreading the day when mortgage rates rise above 4 percent. That dream rate may be long gone.
Wall Street Journal, Jan. 24, 2016–Hayashi, Yuka
Four years after the Consumer Financial Protection Bureau’s creation, debate still rages over its authority.
