Category: Top National News

National Mortgage Professional, Feb. 16, 2017–Phil HallWhat is the true cost of homeownership? According a new data analysis from Zillow, today’s typical monthly mortgage payment requires more of the average household income than it has anytime in the previous six years.

Bloomberg, Feb. 7, 2017–Steven T. Dennis; Elizabeth DexheimerPresident Donald Trump’s pledge to dismantle the Dodd-Frank financial overhaul is colliding with the same reality as his pledge to gut Obamacare: The Republican majority in Congress can’t decide how to make it happen and Democrats are vowing to fight.

HousingWire, Feb. 7, 2017–Brena SwansonThe move mostly points to an already existing act championed by House Financial Services Committee Chairman Rep. Jeb Hensarling, R-Texas, to replace Dodd-Frank, a blog post from Mayer Brown attorneys Laurence Platt and Joy Tsai said.

HousingWire, Feb. 7, 2017–Brena SwansonHouse Financial Services Committee Chairman Rep. Jeb Hensarling, R-Texas, told Stuart Varney on Fox Business that “personnel is policy” and urged President Trump to immediately fire Richard Cordray, head of the Consumer Financial Protection Bureau.

HousingWire, Feb. 7, 2017–Joseph MurinMurin said Ginnie Mae has become a “driver” in the American economy.

HousingWire, Feb. 8, 2017–Brena SwansonThis week Reps. Ed Royce, R-Calif., Kyrsten Sinema, D-Az., and Terri Sewell, D-Al., introduced H.R. 898, the Credit Score Competition Act, which enables the GSEs to consider alternative credit scoring models when making mortgage purchasing decisions.

HousingWire, Feb. 8, 2017–Brena SwansonWhen HUD announced it suspended the reduction of FHA mortgage insurance premiums, it helped the private mortgage insurance market retain $10 billion in volume.

National Mortgage News, Feb. 8, 2017–Brad FinkelsteinGenworth Financial’s U.S. mortgage insurance business had adjusted operating income of $61 million in the fourth quarter, up over 50% from the same period in 2015, as its new insurance written grew by 42% year over year.

National Mortgage News, Feb. 9, 2017–Jacob PassyRadian Group appointed former CitiMortgage president Richard Thornberry as its new chief executive officer to succeed the retiring S.A. Ibrahim.

Mortgage Daily, Feb. 9, 2017As of Jan. 31, there were $1.7865 trillion in Ginnie Mae mortgage-backed securities outstanding. That marked the biggest book of business ever for the government-owned corporation based on its own historical numbers going back to 1990.