Category: Top National News

Wall Street Journal, Mar. 9, 2017–Leslie Scism; Joann S. Lublin (subscription)American International Group Inc. Chief Executive Peter Hancock, apparently having lost the faith of the insurer’s directors, quit at a board meeting Wednesday where his future was being discussed.

GoRion, Mar. 9, 2017–Mark FogartyInvestors heaving a sigh of relief that the foreclosure crisis isn’t an imminent danger to their collateral any more are mostly right.

The Oregoinan, Mar. 9, 2017–Gordon R. FriedmanLawmakers are looking to trim the popular mortgage interest deduction that gives more than a half-million Oregon households a break on their state income taxes.

National Mortgage Professional, Mar. 10, 2017–Phil HallIn a letter to leaders of the Senate and House, the Mortgage Bankers Association announced its backing of S. 563 and H.R. 1422, both named the Flood Insurance Market Parity and Modernization Act.

MarketWatch, Mar. 10, 2017–Andrea Riquier Adjustable-rate mortgages are more popular now than at any time in more than two years as interest rates start climbing, the Mortgage Bankers Association reported.

HousingWire, Mar. 10, 2017–Brena SwansonEarlier this month, the House passed (241 to 104) the “OIRA Insight, Reform, and Accountability Act,” H.R. 1009, which would subject independent regulatory agencies to the regulatory review process of the Office of Information and Regulatory Affairs within the Office of Management and Budget.

American Banker, Mar. 10, 2017–Kate Berry (subscription)In their drive to revamp the Dodd-Frank Act, Republicans have repeatedly asserted that the 2010 financial reform law has increased the cost of consumer lending and cut off access to credit. Yet the available data indicates otherwise.

HousingWire, Mar. 10, 2017–Sarah WheelerThe last formal session of the Ellie Mae Experience conference was also its liveliest. The compliance experts on the official panel on the podium were joined by an unofficial group of GSE leaders on the front row, who gamely jumped in when called upon.

Mortgage Daily, Mar. 10, 2017It’s been almost a year since securitizations at Ginnie Mae were as slow as they were last month.

Bloomberg BNA, Mar. 13, 2017–Chris BrucePHH Corp. March 10 asked a federal appeals court to order wholesale elimination of the Consumer Financial Protection Bureau in a case testing the agency’s constitutionality.