Wall Street Journal, Vipal MongaFollow, Adriano Marchese (subscription)TD ran into hurdles getting regulators to sign off on the deal, announced in February 2022. The Canadian lender said it couldn’t be …
Category: Top National News
Delinquencies on Agency Loans Down in First Quarter
Inside Mortgage Finance, May 4, 2023–Namrata BhatiaThe performance of loans in agency mortgage-backed securities improved significantly in the first quarter of 2023 after three quarters of rising delinquencies, according to …
Mortgage Rates Remain Volatile, Tick Down after Climbing for Two Weeks
CNN Business, May 4, 2023–Anna BahneyThe only thing consistent about mortgage rates right now is that they are volatile in the wake of mixed economic signals and recent bank failures. …
Housing: New Rule Prompts Criticism Borrowers with Good Credit Will Be Penalized
The Hill, May 4, 2023–Adam BarnesSome borrowers with higher credit scores and down payments could see fees increase between 5 and 25 basis points, according to an analysis from the …
Business Lending Fraud Still Higher than Before COVID, Survey Says
American Banker, May 3, 2023–Carter Pape (subscription)Lenders to small- and medium-size businesses have seen fraud attempts increase since 2021. At the same time, their losses to such fraud, as a …
PacWest Says in Talks With Potential Partners After Share Plunge
Bloomberg, May 4, 2023–Emily Cadman, Abhishek Vishnoi, Matthew MonksPacWest Bancorp said core deposits have increased since March and confirmed it’s in talks with several potential investors, seeking to calm markets …
Ocwen Beats CFPB Lawsuit … Again
National Mortgage Professional, May 3, 2023–David KrechevskyFor the second time, Ocwen Financial Corp. has beaten a mortgage servicing misconduct lawsuit brought by the Consumer Financial Protection Bureau.https://nationalmortgageprofessional.com/news/ocwen-beats-cfpb-lawsuit-again
Federal Agency Suspends Inspector General After Oversight Body Alleged ‘Substantial Misconduct’
Wall Street Journal, May 3, 2023–Alexander Osipovich (subscription)The Commodity Futures Trading Commission suspended its inspector general after an oversight body found that he engaged in “substantial misconduct,” including wasting government …
$154M Mortgage for Minneapolis’ IDS Center in Limbo
StarTribune (Minneapolis), May 3, 2023–Burl GilyardThe deadline to pay off a large mortgage balance for the owner of IDS Center in downtown Minneapolis has come and gone without resolution. The …
Freddie Earnings Remain Stable in First Quarter
Inside Mortgage Finance, May 3, 2023–Dennis HollierFreddie’s profitability remains a tale of loan loss reserves, with net income rising and falling according to the size of the provision for losses.https://www.insidemortgagefinance.com/articles/227704-freddie-earnings-remain-stable?v=preview