Category: Top National News

HousingWire, Feb. 24, 2017–Ben LaneIf Fannie and Freddie reform does take place, one of the beneficiaries could be private capital, which has been largely absent from the mortgage market since the crisis.

Mortgage Daily, Feb. 24, 2017First American Financial Corp., which reported the index Friday, noted that it was the second consecutive month-over-month increase.

National Mortgage News, Feb. 24, 2017–Jacob Passy (subscription)Ocwen Financial Corp. has reserved $12.5 million to put toward a potential settlement with the Consumer Financial Protection Bureau.

Wall Street Journal, Feb. 27, 2017–Ryan Tracy (subscription)A group of former senior regulators and academics is warning against efforts to deregulate the financial system, issuing a statement Monday that argues financial institutions today are even more at risk of losses during an economic downturn than in the past.

HousingWire, Feb. 27, 2017–Kelsey RamirezOn Friday President Donald Trump continued his criticism of the Dodd-Frank Wall Street Reform and Consumer Protection Act, saying that the law prevents banks from lending.

Mortgage Daily, Feb. 27, 2017Mortgage servicing rights are for sale on over $1 billion in government-sponsored enterprise loans with a California concentration.

National Mortgage News, Feb. 14, 2017–Bonnie Sinnock (subscription)Few companies attacked the financial-crisis fueled boom in distressed servicing as aggressively as Ocwen Financial Corp., and not many have survived as abrupt a reversal of fortune as the company has faced.

HousingWire, Feb. 14, 2017–Brena SwansonThe Consumer Financial Protection Bureau’s consumer complaint database might not make it too much further past the one-millionth-complaint threshold due to a Republican-led effort to repeal the much-criticized database.

Bloomberg, Feb. 14, 2017–Sonali Basak; Lisa DuAmerican International Group Inc. posted its fourth loss in six quarters, burned again by higher-than-expected claims costs as Chief Executive Officer Peter Hancock struggles to sustain profitability.

Reuters, Feb. 14, 2017–Lawrence DelevignePremium Point Investments LP is under investigation by the Securities and Exchange Commission over the valuation of structured products and other assets held by its funds, according to a letter sent to clients of the New York-based investment firm.