The Lede

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CFPB Highlights Older Borrower Mortgage Complaints
Mortgage Professional America, June 5, 2017--Steve RandallComplaints about mortgages are the second most common among American seniors according to figures from the Consumer Financial Protection Bureau.
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These Loans Were Created to Help Homeowners, But for Some They Did the Opposite
Los Angeles Times, June 4, 2017--Andrew KhouriConsumer groups, regulators and lawmakers are increasingly raising concerns about Property Assessed Clean Energy loan programs, which are authorized by governments but largely administered and funded by private lenders.
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7 Developments that Have Mortgage Heavyweights Pivoting
National Mortgage News, June 5, 2017--Bonnie Sinnock (subscription)Public companies in the mortgage industry have to act swiftly and decisively to continuously meet the demands of both their customers and shareholders. They are often a bellwether of broader industry changes, particularly during a cyclical market shift.
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Deutsche Bank Reaches $95 Million RMBS Settlement with Maryland
HousingWire, June 5, 2017--Ben LaneMaryland announced last week that it reached a $95 million settlement with Deutsche Bank over claims that Deutsche Bank misled investors about its securitization and sale of residential mortgage-backed securities and collateralized debt obligations during the run-up to the financial crisis.
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U.S. Services, Factory Data Point to Moderate Economic Growth
Reuters, June 5, 2017--Lucia MutikaniU.S. services sector activity slowed in May as new orders tumbled, but a jump in employment to a near two-year high pointed to sustained labor market strength despite a deceleration in job growth last month.
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Consumer Bankruptcy Filings Increase
Mortgage Daily, June 5, 2017The American Bankruptcy Institute said businesses and consumers collectively filed 69,668 new cases in the nation's bankruptcy courts in May.
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2017 RMBS Issuance Well Ahead of 2016
Mortgage Daily, June 5, 2017S&P Global said volume of residential loan securitizations has more than doubled the level activity at the same point last year.
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CBRE Executive Named Next MBA Vice Chairman
National Mortgage Professional, June 5, 2017--Phil HallThe Mortgage Bankers Association reached into the commercial side of the industry for its next wave of leadership by nominating Brian Stoffers, global president of debt and structured with CBRE in Los Angeles, as its vice chairman for the 2018 membership year.
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Court is in Session: What Does the CFPB/PHH Case Mean for Lenders?
HousingWire, June 5, 2017--Brena SwansonThe Consumer Financial Protection Bureau and PHH entered their next court room battle, and possibly their last, to finally answer at least two major issues plaguing the industry.
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