Category: Top National News

Mortgage Daily, Mar. 5, 2018–Sam GarciaMortgage service providers are helping home lenders with quality control and complying with the Home Mortgage Disclosure Act and the TILA-RESPA Integrated disclosures. One product is targeting California per-diem restrictions, while another addresses New York’s new security requirements.

HousingWire, Mar. 2, 2018–Kelsey RamirezThe bill, S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, contains policies which would roll back or eliminate key parts from the Dodd-Frank Act.

The Real Deal (N.Y.), Mar. 2, 2018–Konrad PutzierMention the term “collateralized debt obligation” and financial watchdogs immediately seize up. But now they are staging a comeback under a new name: collateralized loan obligation, or CLO.

National Mortgage Professional, Mar. 2, 2018–Phil HallThe delinquency rate has been in a free-fall for eight consecutive months, a 124 bps drop, and Trepp forecasts that “it is now possible that the rate could break the post-crisis low from February 2016 over the next few months.”

Wall Street Journal, Mar. 3, 2018–Melanie Grayce West (subscription)New Jersey’s foreclosure crisis is hitting a peak, and that could be a boon for the state’s housing market.

Bloomberg, Mar. 1, 2018–Prashant GopalAn increase in U.S. mortgage interest rates is throwing ice water on the great American refi — and choking off business for lenders. Refinancings as a share of home loan applications fell to 41.8 percent last week. With a couple of exceptions, that’s the lowest level since the financial crisis in 2008, according to data from the Mortgage Bankers Association.

National Mortgage News, Mar. 1, 2018–Kate Berry (subscription)Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau, said Thursday the agency may allow prudential regulators to take the lead on more supervisory matters to cut down on duplication and ease the burden of exams on financial firms.

National Mortgage News, Mar. 1, 2018–Bonnie Sinnock, Brad Finkelstein (subscription)Ocwen Financial Corp.’s $360 million bid to buy PHH Corp. is intended to alleviate a multitude of regulatory and financial strains that have plagued both companies for years. But the deal also raises a number of questions for investors, borrowers and regulators.

National Mortgage News, Mar. 1, 2018–Brad Finkelstein (subscription)The servicing business drove Nationstar Mortgage Holdings’ fourth-quarter profitability and will be a major factor going forward after the company is acquired by WMIH.

Mortgage Daily, Mar. 1, 2018Last month’s volume turned out to be the lowest level of monthly agency securitizations since February 2016.