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.
Category: Top National News
Ginnie Mae MBS Issuance Tumbles to 11-Month Low
Mortgage Daily, Mar. 10, 2017It’s been almost a year since securitizations at Ginnie Mae were as slow as they were last month.
PHH Urges End to Consumer Financial Protection Bureau
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.
Bankers Renew Push to Give Qualified Mortgage Status to Portfolio Loans
National Mortgage News, Mar. 13, 2017–Brian Collins (subscription)Banks are stepping up their efforts to win a key exception to the Consumer Financial Protection Bureau’s Qualified Mortgage rule.
Fund Investors Load Up on Property Debt
Wall Street Journal, Mar. 14, 2017–Peter Grant (subscription)Wary of a commercial real-estate rally losing steam, they decide it’s less riskier to be a lender than a buyer.
HSBC Fufills Consumer Relief Obligation under National Mortgage Settlement
HousingWire, Mar. 14, 2017–Brena SwansonHSBC is officially finished with its consumer relief requirement under the National Mortgage Settlement, providing more than $371 million in consumer relief, according to the latest update on the company from Joseph Smith, monitor of the NMS.
Non-Bank Issuer Growth Strains Ginnie Resources
Mortgage Daily, Mar. 13, 2017A watchdog report indicates that Ginnie Mae resources are being strained by the increase in non-bank issuers.
Wells Fargo’s 10-year Goal: $60B in Loans to Black Homeowners
National Mortgage News, Feb. 28, 2017–Andy Peters (subscription)Wells Fargo said it plans to hire scores of minority salespeople, step up lobbying for policies to boost homeownership and form community partnerships to accelerate mortgage lending to black consumers.
Radian: Here’s Where our Federal Mortgage Insurance Competition is Growing
HousingWire, Feb. 28, 2017–Jacob GaffneyIn a 10-K filing with the Securities and Exchange Commission yesterday, Radian reports that its federal mortgage insurance competition is growing.
Massive Single-Family Rental Merger: Tricon Capital to Acquire Silver Bay Realty Trust for $1.4 Billion
HousingWire, Feb. 28, 2017–Ben LaneIn a deal that will shake up the single-family rental industry, Tricon Capital Group announced this week that it plans to acquire Silver Bay Realty Trust in a $1.4 billion deal that will create one of the country’s largest operators of single-family rental homes.