Category: Top National News

Bloomberg, May 18, 2018–Joe LightFor nearly a decade, the Federal Housing Finance Agency has restricted Fannie Mae and Freddie Mac from trying to influence the raging debate over whether they should live or die. But despite those limits, Fannie Mae general counsel Brian Brooks has done just that over the past few months, quietly meeting with people inside and outside President Donald Trump’s administration.

Mortgage Daily, May 17, 2018As of March 31, there were $8.94 trillion in U.S. residential loans that were outstanding, according to data reported Thursday by the Federal Reserve Bank of New York.

Bloomberg, May 17, 2018–Patrick ClarkInstitutional investors bought more single-family rental homes in 2017 than in previous year, the first increase since 2013, according to data compiled by Amherst Holdings LLC.

National Mortgage News, May 16, 2016–Bonnie Sinnock (subscription)Overall, seasonally adjusted delinquencies in the first quarter declined by 54 basis points from the previous quarter but were just 8 basis points lower than the same period in 2017, according to the Mortgage Bankers Association’s latest National Delinquency Survey.

National Mortgage News, May 16, 2018–Kate Berry (subscription)Acting Consumer Financial Protection Bureau Director Mick Mulvaney has overhauled the agency’s spring agenda, dropping several long-time goals of his predecessor, including a rule on overdraft programs, checking accounts and student loan servicing.

DS News, May 16, 2018–David WhartonGoldman Sachs is approaching the billion-dollar mark for mandated consumer-relief actions stemming from two mortgage-related settlement agreements with the Department of Justice and three states.

National Mortgage News, May 15, 2018–Bonnie Sinnock (subscription)John Krenitsky is replacing retiring CCO Carol Wambeke, who was originally named senior vice president and chief compliance officer at Freddie Mac during a major reorganization at the government-sponsored enterprise in 2011.

American Banker, May 15, 2018–Rachel Witkowski (subscription)Consumer Financial Protection Bureau Acting Director Mick Mulvaney indicated Tuesday during a real estate convention that the rule, which took effect in 2013, painted all institutions with the same brush and needed to be reworked.

HousingWire, May 15, 2018–Ben LaneGinnie Mae has been without a permanent leader since January 2017, but that could soon change, as the Trump administration announced Tuesday that it is formally nominating Michael Bright to serve as president.

Mortgage Daily, May 15, 2018Genpact Mortgage Services announced more than 100 employees at its Richardson, Texas facility on May 1 that they had been laid off.