The Lede
Top National News
Mortgage Lenders Cautious of High-Risk Borrowers
DSNews, Mar. 21, 2016--West, Xhevrije
The non-qualified mortgage loan market has originators a bit wary toward borrowers and questioning if the risk is really worth it.
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Mythbusting the Adjustable-Rate Mortgage
Jacksonville Daily News, Mar. 21, 2016
The adjustable-rate mortgage is back to show potential homebuyers it's not the villain of the housing market. It's time to debunk the myths that give ARMs the "bad guy" reputation it doesn't deserve.
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Why Supply Remains a Hurdle for Subprime Securitizations
National Mortgage News, Mar. 21, 2016--Sinnock, Bonnie
As a handful of new issuers enter the market and the implementation of a key regulation pave the way for subprime securitization's comeback, the volume of new loans that are actually available to the market remains a question.
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MetaSource Acquires Fellow Outsourcing Firm Titan Lenders Corp.
National Mortgage News, Mar. 21, 2016--Peters, Andy
MetaSource in Salt Lake City has acquired Titan Lenders Corp. to bolster its mortgage outsourcing and technology capabilities.
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Marriott Wins Starwood Hotels Support with Improved Takeover Offer
Bloomberg, Mar. 21, 2016--Yu, Hui-Yong; Perlberg, Heather
Starwood Hotels & Resorts Worldwide Inc. accepted an improved takeover offer from Marriott International Inc. valued at $13.6 billion, proceeding with plans to form the world's largest hotel operator as investors led by China's Anbang Insurance Group Co. seek to thwart the deal.
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Genworth Rallies After Bondholder Vote Avoids ‘Devastating Risk’
Bloomberg, Mar. 21, 2016--Chiglinsky, Katherine
Genworth Financial Inc. shares gained after bondholders agreed to changes sought by Chief Executive Officer Tom McInerney as he reshapes the insurer and seeks to rebound from losses on long-term care coverage.
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Low Interest Rates Bring a Resurgence of Refinancing
Philadelphia Inquirer, Mar. 22, 2016--Heavens, Alan J.
Continuing low interest rates for 30-year mortgages - now hovering at 3.75 percent - may be sparking a new wave of refinancing.
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House Passes Measure to Provide Foreclosure Relief for Members of the Military
Suburban Times (Wash.), Mar. 21, 2016
Monday the House of Representatives passed S. 2393, the Foreclosure Relief and Extension for Servicemembers Act of 2015, to extend foreclosure protection for military homeowners.
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Fannie, Freddie to Cut Mortgage Balances for Thousands of Homeowners
Wall Street Journal, Mar. 21, 2016--Light, Joe
The plan approved by the Federal Housing Finance Agency marks the first time that Fannie and Freddie will reduce mortgage balances on a large scale for struggling homeowners since the housing crisis erupted. But it doesn't go as far as some housing advocates wanted.
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Todd Sherman, President of Motivity Solutions, Dies at 45
National Mortgage News, Mar. 21, 2016--Kilgore, Austin
Todd Sherman, president and co-founder of Motivity Solutions, died unexpectedly March 19. He was 45 years old.
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Ellie Mae CEO: Initial Discomfort over TRID Now Over
HousingWire, Mar. 21, 2016--Swanson, Brena
Nearly six months after the implementation of TRID and the market finally turned a corner as the time to close all loans decreased to 46 days, which is the shortest time to close since May 2015, said Ellie Mae President and CEO Jonathan Corr.
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