Category: Top National News

Wall Street Journal, Feb. 22, 2017–James Mackintosh (subscription)It is 10 years since the U.S. subprime crisis began, and everything is wonderful on Wall Street.

Mortgage Daily, Feb. 22, 2017–Sam GarciaMichael Hollerich, who oversees compliance at Ocwen Financial Corp. has had his work cut out for him since taking the job nearly two years ago. In an interview, he talked about overhauling compliance.

National Mortgage News, Feb. 22, 2017–Jacob Passy (subscription)Ocwen Financial Corp. reduced its net loss in the fourth quarter, a reflection of the company’s efforts to reduce expenses.

Mortgage Daily, Feb. 22, 2017Quarterly originations slipped at Caliber Home Loans Inc. But servicing and staffing expanded.

Mortgage Daily, Feb. 22, 2017Despite a drop in quarterly loan production, Nationstar Mortgage Holdings Inc.’s servicing portfolio grew and earnings exploded.

Bloomberg, Feb. 23, 2017–Joe LightU.S. Treasury Secretary Steven Mnuchin’s seriousness about overhauling the nation’s $10 trillion mortgage market will soon be tested. A federal appeals court Tuesday dealt a blow to hedge funds that own Fannie Mae and Freddie Mac shares, ruling that investors weren’t entitled to billions of dollars of profits.

National Mortgage News, Feb. 23, 2017–Brad Finkelstein (subscription)Teresa Bryce Bazemore, president of Radian Guaranty, will retire from the private mortgage insurer at the end of April.

National Mortgage News, Feb. 23, 2017–Ian McKendry (subscription)The Consumer Financial Protection Bureau’s arbitration rule will likely be overturned by Congress if the agency moves ahead with finalizing it.

Mortgage Daily, Feb. 23, 2017In the third quarter of last year, the country’s residential lenders generated $505.2 billion in mortgage production, VantageScore Solutions LLC said.

HousingWire, Feb. 24, 2017–Brena SwansonThe order directs federal agencies to make “regulatory reform” task forces, which will evaluate federal rules and recommend whether to keep, repeal or change them.