Mortgage Daily, Oct. 27, 2017Changes being made by Radian Guaranty Inc. will make it easier to qualify for jumbo mortgages, loans for medical professionals and transactions with alternative downpayment sources.
Category: Top National News
States Push Equifax to Explain Why It Took 6 Weeks to Disclose Hack
Wall Street Journal, Oct. 28, 2017–Michael Rapoport, AnnaMaria Andriotis (subscription)Attorneys general in at least five states are looking into why credit-reporting firm Equifax Inc. didn’t tell the public for nearly six weeks about the massive data breach that potentially compromised the personal information of 145.5 million Americans.
Mall Owners Work to Reclaim Retail Wasteland With Public Money
Bloomberg, Oct. 30, 2017–Sarah MulhollandTo draw consumers with experiences they can’t find online, retail-property owners are slashing the amount of space dedicated to stores and are spending on everything from hotels and apartments to upscale restaurants and skating rinks.
CFPB Launches Mortgage Performance Tool to Track Delinquencies
National Mortgage News, Oct. 30, 2017–Brian Collins (subscription)The Consumer Financial Protection Bureau has launched a new mortgage performance tool that tracks delinquencies on mortgage loans down to the county level.
Cordray Pleads Directly with Trump to Save CFPB’s Arbitration Rule
HousingWire, Oct. 30, 2017–Ben LaneConsumer Financial Protection Bureau Director Richard Cordray took an extraordinary step on Monday, pleading directly with President Donald Trump in a last-ditch effort to save the Bureau’s controversial arbitration rule.
Mortgage Layoffs Pick Up Steam
Mortgage Daily, Oct. 30, 2017–Sam GarciaAs interest rates continue to drift higher, an acceleration of layoffs in real estate finance is taking place. Two companies are closing their mortgage divisions.
How New Tax Bill Could Affect Property Taxes, Mortgage Interest
Chicago Tribune, Oct. 24, 2017–Kenneth HarneyThe political jostling and frenetic lobbying on Capitol Hill over the Republican tax overhaul bill are producing unexpected developments that could prove important to homeowners, sellers and buyers.
MBA to Congress: We’re Ready and Open to Working on Tax Reform
HousingWire, Oct. 17, 2017–Brena SwansonAs the debate around what tax reform looks like heightens, the Mortgage Bankers Association is jumping in on the conversation, saying that they support the opportunity for comprehensive tax reform.
How Some Malls Manage to Stay Alive Years After Losing Their Mojo
Wall Street Journal, Oct. 17, 2017–Esther Fung (subscription)The U.S. has far too many malls scrambling to attract consumers at a time when online shopping is tightening its grip. That doesn’t mean middling malls will die quickly, however.
Ocwen Settles with Three More States to Ease Mortgage Servicing Restrictions
HousingWire, Oct. 17, 2017–Ben LaneThe nonbank disclosed Tuesday in a filing with the Securities and Exchange Commission that it reached agreements with Arkansas, Tennessee, and the District of Columbia, bringing the total number of states it’s settled with to 20.