Category: Top National News

Bloomberg, Nov. 12, 2017–Ben Brody, Mark NiquetteThe House of Representatives wouldn’t accept a tax bill that, like the Senate’s, eliminates deductions for all state and local taxes, the chairman of the House’s tax-writing committee said.

National Mortgage News, Nov. 10, 2017–Brian Collins (subscription)Trump administration officials have made clear their intent to reexamine how Federal Housing Administration lenders are cited under the False Claims Act, but whether that means lenders can rest any easier is still an open question.

HousingWire, Nov. 10, 2017–Ben LaneNorthwest Trustee Services, the “largest foreclosure trustee in the Pacific Northwest,” illegally foreclosed on dozens of military veterans and servicemembers over the last few years, the Department of Justice claims in a new lawsuit.

UExpress, Nov. 10, 2017–Lew SichelmanMore than 1 million senior homeowners have now taken out reverse mortgages. There’s a good chance you might, too, once you reach age 62. But the question of how to use the money from the loan is just as important as the question of whether or not to get the loan in the first place.

Wall Street Journal, Nov. 12, 2017–Dana Mattioli (subscription)Brookfield Property Partners LP has made a $14.8 billion offer to acquire the shares of mall owner GGP Inc. that it doesn’t already own.

CTPost (Conn.), Oct. 31, 2017–Alexander SouleIn September, Connecticut was the lone state in the nation to see a decline in borrowers misrepresenting facts on mortgage loan applications, according to First American Financial Corp.

National Mortgage News, Oct. 31, 2017–Brian Collins (subscription)A private-label securities settlement, portfolio asset sales and greater interest among smaller lenders helped Freddie Mac compensate for potential losses stemming from the catastrophic hurricane season, the mortgage giant said Tuesday.

Mortgage Daily, Oct. 31, 2017Guild Mortgage Co. reported an expanded servicing portfolio and record year-to-date originations in the third quarter.

Mortgage Daily, Nov. 1, 2017Ocwen Financial Corp.’s residential loan servicing subsidiary is changing its mortgage servicing system as was required by recent orders with several states.

National Mortgage News, Nov. 1, 2017–John Heltman (subscription)President Trump has signed the congressional measure invalidating the Consumer Financial Protection Bureau’s arbitration rule, killing the regulation that was unpopular with banks and other financial institutions.