Category: Top National News

National Mortgage News, Oct. 6, 2017–Laura Alix (subscription)A recent push by Fannie Mae to enable more millennials who are burdened by student debt to buy homes appears to be having its intended effect. Bankers said that they are finding it easier to qualify young homebuyers as a result of the policy changes.

Wall Street Journal, Oct. 8, 2017–Liz Hoffman, Rachel Louise Ensign (subscription)OneMain is in advanced discussions with a number of interested parties, both rival lenders and private-equity firms.

The Hill, Oct. 9, 2017–Alison SpannThe Federal Emergency Management Agency has delayed decisions on flood zone determinations–in some cases by two years or more–and currently has more than 240 mapping projects on hold, the department’s inspector general warned in a report dated Sept. 27.

Miami Herald, Oct. 9, 2017–Kenneth R. HarneyFraud in connection with home mortgages is on the rise, ranging from little white lies about the intended use of the property all the way up to much more sophisticated schemes.

Mortgage Daily, Oct. 9, 2017An agreement has been reached to sell Financial Freedom to an undisclosed buyer, parent CIT Bank said.

National Mortgage Professional, Sept. 26, 2017–Phil HallDelinquency rates for commercial and multifamily mortgages were mostly stagnant during the second quarter, according to new data from the Mortgage Bankers Association.

New York Times, Sept. 26, 2017–Ron Lieber, Stacy CowleyRichard Smith is out as Equifax CEO. The shake-up is the culmination of weeks of mounting public and legal pressure on the Atlanta-based data clearinghouse from citizens, politicians and investors.

National Mortgage News, Sept. 26, 2017–Kate Berry, Rob Blackwell (subscription)Sen. Bob Corker, R-Tenn., a key voice in the debate over housing finance reform and one of the Senate Banking Committee’s most influential members, announced Tuesday that he will not seek re-election in 2018.

Mortgage Daily, Sept. 26, 2017Freddie Mac’s book of business grew from a month earlier, when it stood at $2.0439 trillion. It was also up from a year earlier, when it was $1.9795 trillion.

Houston Chronicle, Sept. 26, 2017–Katherine FeserHomeowners whose homes were damaged or destroyed by Hurricane Harvey with mortgage loans insured by the Federal Housing Administration are invited to learn about their options and resources at free mortgage assistance events held this week and next.