Washington Post, Oct. 8, 2015–Orton, Kathy
Last week’s poor jobs report drove mortgage rates down this week, according to data released Thursday by Freddie Mac.
Category: Top National News
MGIC: Primary New Mortgage Insurance Continues to Drop
HousingWire, Oct. 8, 2015–Swanson, Brena
Primary new mortgage insurance continued to drop and fell to $3.9 billion, according to MGIC Investment’s (MTG) September operational summery of its insurance subsidiaries for its primary mortgage insurance.
House Passes Bill to Delay Enforcement of New Mortgage Disclosures
American Banker, Oct. 8, 2015–Collins, Brian
The House voted 303-121 on Wednesday to pass a bill that would delay enforcement of new mortgage disclosures that went into effect on Oct. 3.
Fed’s Rate Delay Spurred by Worry Over Low Inflation
Wall Street Journal, Oct. 8, 2015–Hilsenrath, Jon
Federal Reserve officials held off on raising short-term interest rates at their September policy meeting because they had nagging worries about when inflation would return to 2% after running below their official target for more than three years, according to minutes of the meeting released Thursday.
Congress Solidifies Battle Lines on CFPB Controversies
National Mortgage Professional, Oct. 8, 2015–Hall, Phil
The Consumer Financial Protection Bureau has found itself in the middle of three different political storms that continue to further divide the already rancorous fissures on Capitol Hill.
Late Payments on Home Equity Loans Hit Postcrisis Low
Mortgage Servicing News, Oct. 8, 2015–Wack, Kevin
U.S. homeowners continue to take advantage of rising house prices to dig themselves out of the hole created by the Great Recession.
Clayton Holdings Acquires Title Agency and AMC ValuAmerica
HousingWire, Oct. 8, 2015–Swanson, Brena
Clayton Holdings, a provider of loan due diligence and services to the mortgage and real estate industries, announced it acquired ValuAmerica, a Pittsburgh-based, national title agency, appraisal management company and technology provider.
This Court Case Could Unshackle Americans From Student Debt
Bloomberg, Oct. 8, 2015–Kitroeff, Natalie
When Robert Murphy said he wanted to try to get his student loan debt erased, the person overseeing his bankruptcy case told him he had a better shot of getting hit by a bus. Now he’s closer than ever to victory.
U.S. Jobless Claims Fall to Near 42-Year Low
Reuters, Oct. 8, 2015–Mutikani, Lucia
The number of Americans filing new applications for jobless benefits fell more than expected to a near 42-year low last week, pointing to ongoing tightening in the labor market despite the recent slowdown in hiring.
OC Mortgage Lender Files for IPO
Los Angeles Times, Oct. 8, 2015–Koren, James Rufus
Foothill Ranch firm LoanDepot on Thursday filed a registration statement with the Securities and Exchange Commission, reporting it plans to raise as much as $100 million in an initial public offering.