Category: Top National News

HousingWire, Dec. 5, 2017–Ben LaneRealPage, a provider of software and data analytics to the real estate industry, announced Tuesday that it completed its $300 million acquisition of Lease Rent Options and related assets from The Rainmaker Group.

Mortgage Daily, Dec. 5, 2017Nationstar Mortgage LLC, which now does business as Mr. Cooper, agreed to a more than $9 million settlement that resolves allegations it overcharged borrowers for interest and collected illegal fees.

Mortgage Daily, Dec. 5, 2017The banking subsidiary of CIT Group Inc. has agreed to settle claims by the servicing subsidiary of Ocwen Financial Corp. that it should have been reimbursed for servicing errors.

Scotsman Guide, Dec. 4, 2017–Victor WhitmanMBA President and CEO David Stevens said in a statement “this package will protect the ability of most Americans to obtain safe, decent shelter and affordable home mortgage credit without disruption.” MBA has previously expressed alarm at GOP proposals that would minimize housing incentives.

Wall Street Journal, Dec. 4, 2017–Kate Davidson, Joshua Jamerson (subscription)Republican senators inserted last-minute changes into their tax overhaul bill early Saturday morning, including ones aimed at helping oil and gas companies, cruise-ship operators, auto dealers, universities and mortgage bankers.

National Mortgage News, Dec. 4, 2017–Brad Finkelstein (subscription)Testing of the common securitization platform is taking longer than expected, but the Federal Housing Finance Agency said it won’t delay the 2019 launch of Fannie Mae and Freddie Mac’s new single “uniform mortgage-backed security.”

HousingWire, Dec. 4, 2017–Jacob GaffneyWells Fargo Securities analysts Vipul Jain, Philip Hong, and Samuel Cecil keep a close eye on the secondary mortgage markets for their clients. In their latest email, the analysts note that November was jam-packed with non-performing loan trading volume.

HousingWire, Dec. 4, 2017–Ben LaneOn Monday, Ocwen disclosed that it reached more settlements in various matters, including an additional settlement with investors related to the company’s previously restated earnings, and a settlement with CIT Bank over a 2013 MSR deal.

CNBC, Dec. 2, 2017–Lorie KonishNow that the Senate passed a sweeping tax reform bill, proposed changes to state and local tax and mortgage deductions could be especially damaging to those residents in states with higher tax rates.

HousingWire, Dec. 1, 2017–Ben LaneWhile Democrats vow that they’re not ready to hand the leadership of the Consumer Financial Protection Bureau over to Mick Mulvaney without a fight, the Trump administration is moving forward with helping Mulvaney staff up in his new position.