Category: Top National News

ReverseMortgageDaily, June 18, 2018–Alex SpankoA bill introduced by Rep. Maxine Waters on Monday would bring greater oversight to servicers of single-family home loans, in response to what the California Democrat has called “bad behavior” from players in the industry.

National Mortgage News, June 18, 2018–Hannah Lang (subscription)HUD believes that a “critical element” of housing finance reform is the need to modernize the risk management and technology platforms at the Federal Housing Administration, said Adolfo Marzol, a top HUD official.

National Mortgage News, June 15, 2018–Elina Tarkazikis (subscription)Regulation, on average, imposed by all levels of government accounts for 32% of multifamily development costs, according to the National Association of Home Builders and the National Multi Housing Council.

Mortgage Daily, June 15, 2018Unpaid principal balance of Ginnie Mae mortgage-backed securities was $1.9597 trillion as of May 31.

National Mortgage News, June 15, 2018–Hannah Long (subscription)As with anything in housing finance reform, analyzing a proposed capital framework for Fannie Mae and Freddie Mac starts with these massive caveats: the government-sponsored enterprises are still in conservatorship, and long-term reform is still way out of reach.

National Mortgage Professional, June 14, 2018–Phil HallThe delinquency rates for commercial and multifamily mortgage loans were virtually unchanged from the fourth quarter of last year to the first quarter of this year, the according to the latest Commercial/Multifamily Delinquency Report issued by the Mortgage Bankers Association.

Wall Street Journal, June 14, 2018–Ryan Tracy (subscription)Comptroller of the Currency Joseph Otting told the Senate Banking Committee said his review of low-income lending rules won’t undermine curbs on bias in banking, as he tried to walk back an earlier statement that he hasn’t “personally observed” discrimination.

National Mortgage News, June 14, 2018–Kate Berry (subscription)Acting Consumer Financial Protection Bureau Director Mick Mulvaney hasn’t said yet whether he will keep public consumer complaints about banks, credit unions and other financial firms, but a former Ohio attorney general is gearing up just in case.

Wall Street Journal, June 15, 2018–Laura Saunders (subscription)For years, Americans could borrow against their homes to pay for a new car, college tuition, or even a trip to the Caribbean, and then deduct the interest on those loans. No more.

HousingWire, June 14, 2018–Kelsey RamirezHigher risk borrowers are growing more bold about applying for a mortgage, however it may not do them much good.