Category: Top National News

National Mortgage News, Oct. 12, 2017–Kate Berry (subscription)The bipartisan congressional response to the Equifax breach took another step forward Thursday when two key Republicans sharpened their focus on regulatory gaps in the oversight of credit bureaus.

Associated Press, Oct. 12, 2017Nevada’s two U.S. senators want mortgage payment relief for family members of victims of the Las Vegas massacre as they deal with medical and funeral costs.

Wall Street Journal, Oct. 16, 2017–Laura Kusisto (subscription)The debate over diminishing the tax incentive for homeownership has created a rift between two powerful trade groups representing real-estate brokers and home builders.

Wall Street Journal, Oct. 16, 2017–Laura Kusisto (subscription)The tax-overhaul plan being negotiated in Washington has the potential to virtually eliminate a break lawmakers once considered untouchable: the mortgage interest deduction.

RESPA News, Oct. 16, 2017The Mortgage Bankers Association signaled its support for work being done on comprehensive tax reform, writing to key lawmakers that this was a “once in a generation opportunity” to overhaul the tax code.

Scotsman Guide, Oct. 16, 2017–Victor WhitmanThe Trump administration appears committed to significantly unwinding many of the rules imposed on banks and Wall Street after the recession. Earlier this month, the U.S. Treasury published its second major report on Dodd-Frank, this time making a number of recommendations to loosen rules on Wall Street.

CNBC, Oct. 16, 2017–Lori KonishFannie Mae, Freddie Mac and the Internal Revenue Service separately issued guidance on Friday for those affected by the blazes that began a week ago.

Mortgage Orb, Oct. 16, 2017–Patrick BarnardWith legacy foreclosures dwindling and delinquencies now near pre-crisis lows, it would make sense if foreclosure timelines were shortening, but apparently that’s not the case, according to the most recent quarterly foreclosure report from ATTOM Data Solutions.

Mortgage Daily, Oct. 16, 2017The Office of the State Bank Commissioner of Kansas on Friday seized control of The Farmers and Merchants State Bank of Argonia and shut it down.

HousingWire, Oct. 12, 2017–Ben LaneOcwen disclosed its plans in a filing with the Securities and Exchange Commission that was mostly focused on Ocwen settling with two more states to remove some of restrictions that were placed on their mortgage business as part of a multi-state regulatory action against the nonbank earlier this year.