The Lede
Top National News
Ditech Mortgage Considering a Sale Four Months After Exiting Bankruptcy
National Mortgage News, June 29, 2018--Brad Finkelstein (subscription)Ditech Holding Corp. is considering selling itself, just over four months after the lender emerged from bankruptcy protection.
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Three Emerging Cybersecurity Trends to Focus On in 2018
HousingWire, June 29, 2018--JT GaiettoThe author, with Richey Mae & Co., says lenders cannot afford a "wait and see" approach to dealing with new compliance challenges. Data privacy laws are accelerating, and lenders that lag behind them could be left in the dust for good.
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Fintechs’ Vulnerability Apparent in Capital One Data-Access Flap
American Banker, June 29, 2018--Mary Wisniewski (subscription)It's far from the first time a bank has been accused of preventing consumers from using fintech apps. But the news that a security update from Capital One has resulted in a major data aggregator being blocked from porting some bank data to other apps for more than a month marks a disturbing turn for financial innovation.
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Even After Last Year’s Terrible Hurricanes, Insurers Are in Solid Shape
Wall Street Journal, June 30, 2018--Mengqi Sun, Leslie Scism (subscription)Major Atlantic Ocean hurricanes, California wildfires and Mexico earthquakes made 2017 one of the costliest years ever for insurers. But even that slate of disasters wasn't enough to dent insurers' fat capital cushions.
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Compliance Experts Gain Designation of Their Own
RESPA News, June 29, 2018 (Subscription)MBA launched its Certified Mortgage Compliance Professional Certificate and Designation program (CMCP). The designation was created to recognize the achievements of individuals in the real estate finance industry for their commitment to having a compliant workplace, specifically in the mortgage industry.
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Nationstar, WaMu Shareholders Approve $.19B Acquisition
National Mortgage news, June 29, 2018--Bonnie Sinnock (subscription)The company that holds Washington Mutual's legacy business can move ahead with its plan buy a controlling interest in Nationstar Mortgage now that both companies' shareholders have approved the deal.
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Younger Generation Can’t Afford to Buy a Home
HousingWire, June 29, 2018--Jessica GuerinResearch from Freddie Mac reveals homeownership rates among young adults 24 to 35 has dropped and isn't likely to pick up any time soon.
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Obtaining a Fair Insurance Settlement
UExpress, June 29, 2018--Lew SichelmanAs too many homeowners have learned after a major loss, obtaining a full and fair settlement from their insurance companies isn't a given.
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Fannie Mae Delinquency Lowest Since 2017
Mortgage Daily, July 2, 2018As serious mortgage delinquency fell to the lowest level since last year at Fannie Mae, new business jumped to the second-highest level this year.
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Record Low Rate-Term Refi Business
Mortgage Daily, June 29, 2018The U.S. Mortgage Market Index, published by Mortgage Daily based on average per-user rate-lock volume by clients of OpenClose, was virtually unchanged in the week ended June 29.
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Residential Finance News
Commercial/Multifamily News
MBA News
MBA Education School of Mortgage Servicing July 16-26
MBA Education offers its popular School of Mortgage Servicing instructor-guided online course July 16-26.
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MBA 2018 Human Resources Symposium Sept. 11-12
The Mortgage Bankers Association's annual 2018 Human Resources Symposium takes place Sept. 11-12 in Arlington, Va.
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