National Mortgage News, Sept. 26, 2018–Kate Berry (subscription)The Consumer Financial Protection Bureau this week issued a report and a request for information as part of an effort to assess the effectiveness of how data is collected, used and reused.
Category: Top National News
Freddie to Buy Shared Equity Mortgages
Mortgage Daily, Sept. 26, 2018In an effort to support homeownership in low-to mid-income markets, Freddie Mac will join its secondary mortgage cousin in purchasing shared-equity mortgages.
Sandler Law Group Buys Out McGlinchey Stafford Youngblood and Associates
HousingWire, Sept. 26, 2018–Jeremiah JensenSandler Law Group, a Texas-based firm that specializes in residential mortgages and owner of Asurity Technologies, acquired McGlinchey Stafford & Youngblood and Associates, a closing and fulfillment services provider for the mortgage lending industry.
loanDepot, AMC Settle Claims of Discrimination
Mortgage Daily, Sept. 25, 2018loanDepot.com LLC and an appraisal management company have reached an agreement to settle claims that borrowers were discriminated against because their properties were located on Indian reservations.
Tax Reform Could Spell Trouble for Low-Income Affordable Housing
National Mortgage News, Sept. 25, 2018–Elina Tarkazikis (subscription)Lower corporate tax rates weakened the incentive for developers to use the Low-Income Housing Tax Credit program, which could prompt affordable housing construction to fall by as much as 40% by 2022, according to data aggregator Reis.
10 Years After Lehman: This Time It’s Different
IPE Real Assets Magazine, Sept. 25, 2018–Christopher O’DeaReal estate investors learned painful lessons 10 years ago. With signs of a correction yet to materialize, can the market escape a repeat of 2008?
Mortgage Delinquencies Fall to 12-Year Low, But Effects of Florence Loom
National Mortgage News, Sept. 24 2018–Paul Centopani (subscription)The mortgage delinquency rate dropped to its lowest level in over 12 years, but servicers should expect an increase following the impact of Hurricane Florence, according to Black Knight.
Mortgage Fraud is on the Increase
Washington Post Writers Group, Sept. 24, 2018–Kenneth R. HarneyPrices are up, interest rates are rising, and it’s tough for a lot of people to qualify to buy a home. So what do some of them do? A growing number of them fake it.
Why It Will Be Hard to Find New CEOs for Fannie and Freddie
National Mortgage News, Sept. 24, 2018–Bonnie Sinnock (subscription)The return to financial stability at Fannie Mae and Freddie Mac resolves a big problem from the past, but each government-sponsored enterprise must now turn to a task that will shape its future: picking a new CEO.
Chase Philadelphia Expansion Includes Mortgages
Mortgage Daily, Sept. 24, 2018A major expansion planned by JPMorgan Chase & Co. in the Delaware Valley over the next few years includes plans for its mortgage business.