Category: Top National News

Mortgage Daily, May 12, 2017Although a larger number of mortgage servicers results in some that present more risk, that is offset by the benefits of diversification.

Mortgage Daily, May 11, 2017The Mortgage Bankers Association, which made the predictions in its MBA Mortgage Finance Forecast, raised the current quarter’s projection from $459 billion expected in its April outlook.

HousingWire, May 11, 2017–Brena SwansonFreddie Mac announced it’s contemplating making a change to the structure of its Structured Agency Credit Risk transactions in order to try and gain more investors.

Reuters, May 12, 2017–Andrew MacAskillRoyal Bank of Scotland Chief Executive Ross McEwan said the bank is in talks to settle one of the two major U.S. investigations into allegations it mis-sold mortgage-backed securities that it needs to overcome before the British government can sell its shares in the bailed-out bank.

Bloomberg, May 11, 2017–Matt Robinson, Christian Berthelsen, Chris Dolmetsch, Matt ScullyU.S. prosecutors are investigating one of Wall Street’s darkest markets, focusing on hedge funds suspected of inflating the value of debt securities in their portfolios to juice the fees they collect.

Bloomberg, May 9, 2017–Christopher CondonPlans by Republican lawmakers and the Trump administration to reform government-backed mortgage companies could lead to a “significant shock” to the market for multi-family commercial real estate, said Federal Reserve Bank of Boston President Eric Rosengren.

HousingWire, May 9, 2017–Kelsey RamirezIn short, Ocwen accuses Radian of not paying up on more than 9,000 defaulted mortgages; Radian is saying the claims are meritless.

Morning Consult, May 15, 2017–Ryan RaineyDavid Stevens, chief executive of the Washington-based Mortgage Bankers Association, said Federal Housing Finance Agency Director Mel Watt could face political blowback if he takes independent action to protect the capital buffer. That, in turn, could lead to uncertainty, which could also cause markets, or Congress, to fret.

HousingWire, May 15, 2017–Brena SwansonWith a steady stream of enforcement actions and regulations coming out of the Consumer Financial Protection Bureau over the years, the industry doesn’t take the possible threat of getting a violation lightly. And one big company currently drumming up a lot of questions for lenders is Zillow.

Bloomberg, May 15, 2017–Sonali Basak, Katherine ChiglinskyBrian Duperreault, who took over as chief executive officer of American International Group Inc. on Monday, said he’s not planning to split up the company as some activists have urged.