Category: Top National News

National Mortgage News, Nov. 12, 2019–Brendan Pedersen (subscription)Just as the Consumer Financial Protection Bureau wants to end a regulatory exemption for loans backed by Fannie Mae and Freddie Mac, some …

National Mortgage Professional Magazine, Nov. 13, 2019A report released by the Harvard Joint Center for Housing Studies has found that downpayment assistance programs had little impact on loan performance. The …

New York Times, Nov. 13, 2019–Jack EwingUsually the most strait-laced of investors, insurance companies are letting loose to gain some income, drawing the attention of regulators.https://www.nytimes.com/2019/11/13/business/insurance-negative-interest-rates.html?nl=todaysheadlines&emc=edit_th_191114?campaign_id=2&instance_id=13712&segment_id=18767&user_id=e670283fb4fff3d4391d6f88569ad498&regi_id=420636741114

National Mortgage News, Nov. 13, 2019–Neil Haggerty (subscription)Federal Housing Finance Agency Director Mark Calabria said Fannie Mae and Freddie Mac are expected to be out of government conservatorship by the …

Bloomberg, Nov. 11, 2019–Josh SaulSubprime mortgages may have wreaked havoc on the U.S. economy over the past decade, but they have been very good to Tom Marano.https://www.bloomberg.com/news/articles/2019-11-11/subprime-mortgages-keep-minting-cash-for-ex-bear-stearns-banker

National Mortgage News, Nov. 8, 2019–Brad Finkelstein (subscription)The two newest private mortgage insurance companies had their best quarters ever for new insurance written, aided by the increase in consumers refinancing …

National Mortgage News, Nov. 5, 2019–Brad Finkelstein (subscription)Ocwen Financial’s cost-cutting initiatives are bearing fruit toward returning to profitability, management said, although the company’s third-quarter loss was slightly higher than the …

Bloomberg, Nov. 5, 2019–Rich MillerFinancial regulators led by the Treasury’s Steven Mnuchin and the Federal Reserve’s Jerome Powell have been put on notice about the risk of an economically damaging …

HousingWire, Nov. 5, 2019–Julia FalconIn the third quarter, multifamily vacancy fell to 3.6%, down 40 basis points from 2018, to the lowest level since 2000, according to a report from …

New York Times, Nov. 6, 2019–Eric Lipton, Jesse DruckerLawmakers are voicing mounting concerns about a federal tax incentive, known as an “opportunity zone,” that is supposed to encourage investors to …