Category: Top National News

HousingWire, Apr. 27, 2017–Brena SwansonThe company noted that all of the year’s operating earnings improvement emanated from more profitable consolidated underwriting and related services operations.

Mortgage Daily, Apr. 27, 2017Despite retreating new business at Radian Group Inc., earnings improved, the book of business expanded and loan performance was better.

HousingWire, Apr. 30, 2017–Sarah WheelerThe economic and political stars have aligned to make GSE reform a real possibility, and the Mortgage Bankers Association is not letting the opportunity go to waste.

National Mortgage News, Apr. 28, 2017–Bonnie Sinnock (subscription)Years after the worst of the housing crisis, states still dealing with high foreclosure activity are weighing laws to speed the process on vacant or abandoned properties.

National Mortgage News, Apr. 28, 2017–Brad Finkelstein (subscription)National foreclosure activity is at an 11-year low. There were more than 83,000 foreclosure filings nationwide in March, down 77% from a record 367,000 in September 2010. But some cities have yet to fully recover.

National Mortgage News, Apr. 28, 2017–Bonnie Sinnock (subscription)Foreclosure activity continues to subside and most of the regulatory reforms created to protect distressed borrowers have been implemented. Yet mortgage servicers still haven’t fully resolved the operational challenges facing their business.

National Mortgage News, May 1, 2017–Brad Finkelstein (subscription)Mortgage Bankers Association President and CEO David Stevens is confident that housing finance reform will move forward under the Trump administration, but criticized calls to simply let the government-sponsored enterprises recapitalize and be returned to shareholders without additional reforms.

HousingWire, May 1, 2017–Kelsey RamirezThe Federal Housing Finance Agency gave an update on the state of the lending market at the Mortgage Bankers Association’s Secondary conference in New York City, including its view that the credit box still holds room for expansion and its view on GSE reform.

Reuters, May 1, 2017–Richard LeongIf there is a “very radical” reform of the two government-sponsored enterprises, “we need more time” for the transition, Robert Ryan, special adviser and acting deputy director at the FHFA that regulates Fannie and Freddie, said at a conference sponsored by the Mortgage Bankers Association.

HousingWire, May 1, 2017–Ben LaneAmid some concerns that New Residential Investment may pull some of its mortgage subservicing from Ocwen Financial, the two companies are reportedly close to a massive mortgage servicing rights deal that would alleviate some of Ocwen’s business concerns and make New Residential a significant investor in Ocwen itself.