Category: Top National News

National Mortgage News, Mar. 12, 2018–Brad Finkelstein (subscription)With the exception of the troubled retail sector, delinquency rates across property types supporting commercial mortgage-backed securities were mostly flat to declining in February compared with January, Fitch Ratings said.

HousingWire, Mar. 12, 2018Flagstar Bank announced Monday it closed on the purchase of the mortgage warehouse loan portfolio from Santander Bank, which included $1.7 billion in mortgage warehouse loan commitments.

Bloomberg, Mar. 12, 2018–Noah BuhayarThe Canyon Industrial Portfolio includes 146 warehouses and distribution centers concentrated in and around Chicago, Dallas, Baltimore, Washington, D.C., Los Angeles and South and Central Florida, according to a statement from Blackstone on Monday.

Banker & Tradesman (Mass.), Feb. 28, 2018A coalition of real estate trade associations and nonprofit housing counseling providers released its findings on steps that can be taken to increase the utilization of nationwide homeownership education and housing counseling services. (MBA mention)

Wall Street Journal, Mar. 1, 2018–Andrew Ackerman, Christina Rexrode (subscription)The bipartisan legislation, supported by the Trump administration and top Federal Reserve officials, would relax dozens of rules for small to medium-size banks, shaking up the banking sector with policy changes that could encourage deal-making and make it easier for banks to expand.

National Mortgage News, Feb. 28, 2018–Kate Berry (subscription)Mick Mulvaney, acting head of the Consumer Financial Protection Bureau, has made clear his desire to slash the agency’s budget, but what he plans to cut to meet his spending goals is more of a mystery.

National Mortgage News, Feb. 28, 2018–Bonnie Sinnock (subscription)Ocwen Financial Corp.’s $360 million acquisition of PHH Corp. presents an opportunity for the nonbank servicer to rebuild scale that’s been diminished by years of regulatory restrictions and the decline in distressed mortgage volume brought about by improvements in the overall housing market.

MReport, Feb. 28, 2018–Radhika OjhaIn its filing to the court, the bank had said that the parties deserved clarity from the Ninth Circuit and should not be required to engage in unnecessary and expensive work that might be undone.

Mortgage Daily, Feb. 28, 2018Ginnie Mae II loans account 2,426 of the units, while Fannie Mae A/A mortgages make up 1,504 units, and Freddie Mac ARC loans number just 36.

National Mortgage News, Feb. 27, 2018–Ian McKendry (subscription)Senate Banking Committee Chairman Mike Crapo, R-Idaho, said Tuesday that he is hopeful that a bipartisan deal to roll back Dodd-Frank Act regulations will be able to get a floor vote as soon as next week.