CNBC, Feb. 15, 2017–Diana OlickMortgage Bankers Association President and CEO David Stevens, CMB appeared on CNBC to discuss the MBA 4th Quarter National Delinquency Survey.
Category: Top National News
CFPB Analyst: We Use Consumer Complaint Database as Insider Guide for Exams
HousingWire, Feb. 15, 2017–Ben LaneSpeaking during the “Preparing for Servicing Exams” session at the Mortgage Bankers Association’s National Mortgage Servicing Conference, being held currently in Dallas, CFPB Senior Analyst Ann Thompson said that the CFPB uses the complaint database as a guide for determining whether to pursue an exam against a particular company.
Ocwen’s Board Chair Makes Diversity Her Mission
National Mortgage News, Feb. 15, 2017–Bonnie Sinnock (subscription)When Phyllis Caldwell was considering whether to accept a seat on Ocwen’s board of directors, one of the items she prioritized was the company’s commitment to diversity. “Ensuring that women and minorities are involved in leadership roles brings different background, experiences, and points-of-view to the forefront, ultimately making a more successful enterprise,” emphasized Rodrigo Lopez, CMB, chairman of the Mortgage Bankers Association and executive chairman of NorthMarq Capital.
Fix-and-Flip Mortgage Bonds: Wall Street’s New Housing Bet to Boost Home Flippers
Inman.com, Feb. 15, 2017–Teke WigginNew mortgage-backed securities could benefit communities, but also may raise concerns.
Court of Appeals Agrees to Rehear CFPB Case, Agency to Fight ‘Unconstitutional’ Ruling
HousingWire, Feb. 16, 2017–Ben LaneIf President Donald Trump wants to fire Consumer Financial Protection Bureau Director Richard Cordray, he’s going to have to wait a little longer to do it, as the U.S. Court of Appeals for the District of Columbia Circuit ruled Thursday in favor of the CFPB. The ruling allows the embattled agency to defend the constitutionality of its leadership structure.
Mortgage Lenders Urged to Simplify Loan Mods
National Mortgage News, Feb. 16, 2017–Brad Finkelstein (subscription)Developers of new loan-modification programs need to streamline application processes and stop making borrowers chase down useless documents.
‘Rocket Mod:’ The Future of Mortgage Default Servicing?
HousingWire, Feb. 15, 2017–Ben LaneOver the last few years, technological advancements took mortgage originations from the fax machine to the smartphone and from months of waiting to approval in minutes. Could the same thing be coming for mortgage modifications?
Freddie Earnings Jump Thanks to Interest Rate Increases
National Mortgage News, Feb. 16, 2017–Brian Collins (subscription)Freddie Mac’s net income increased to $4.8 billion in the fourth quarter, more than double what it earned a quarter earlier, the government-sponsored enterprise announced Thursday.
U.S. Household Debts Climbed in 2016 by Most in a Decade
Wall Street Journal, Feb. 16, 2017–Josh Zumbrun (subscription)The total amount of debt held by American households climbed in 2016 by the most in a decade, driven by broad and steady increases in credit card debt, auto and student loans, and a fourth-quarter surge to the highest amount of mortgage originations since before the financial crisis.
CMBS Issuance Down as Multifamily, GSE Lending Up
Mortgage Daily, Feb. 21, 2017Estimates were based on an analysis of CRE lending reports issued by the Mortgage Bankers Association.