Category: Top National News

Bloomberg, Jan. 29, 2017–Scully, MattJPMorgan Chase, Bank of America and Credit Suisse Group have given price data to the startup, New York-based Vista Capital Advisors, which rolled out the latest version of its pilot initiative this month.

Wall Street Journal, Jan. 30, 2017–Rexrode, ChristinaThe bank is expected to announce Monday that it is selling servicing rights of 780,000 mortgages backed by Fannie Mae and Freddie Mac to a subsidiary of New Residential Investment Corp.

Mortgage Daily, Jan. 27, 2017Quicken Loans Inc.’s home lending volume, servicing portfolio and employee count moved up both on a quarter-over-quarter and year-over-year basis.

Reuters, Jan. 27, 2017–Leung, RichardThe U.S. Federal Reserve will stop reinvestments of its mortgage-backed securities holdings in April 2018 in an attempt to shrink its $4.2 trillion balance sheet that had ballooned from bond purchases to combat the last recession, Morgan Stanley analysts said on Friday.

HousingWire, Jan. 27, 2017–Lane, BenThe tale of Jesse Litvak may finally be moving toward an ending, as a federal jury on Friday found the former Jefferies managing director and mortgage-backed securities trader guilty on one count of fraud.

National Mortgage News, Jan. 30, 2017–Jacob PassyNew Residential Investment Corp. is planning a public offering of more than 49.2 million shares of its stock to pay for its purchase of mortgage servicing rights from CitiMortgage.

National Mortgage News, Jan. 30, 2017–Kate BerryPHH Corp. is opposing an attempt by Democratic attorneys general in 16 states and the District of Columbia to intervene in an appeals court case that found the Consumer Financial Protection Bureau’s structure was unconstitutional.

Bloomberg, Jan. 30, 2017–Todd Shields; Jennifer A. DlouhyPresident Donald Trump set a daunting goal for government agencies bound by complex procedures, ordering his department heads to kill two regulations for each new one they issue.

National Mortgage News, Jan. 30, 2017–Brian CollinsA federal appeals court ruled Monday that the Treasury Department will have to hand over more documents to investors of Fannie Mae and Freddie Mac related to its profit sweep of the two government-sponsored enterprises.

Mortgage Daily, Jan. 30, 2017The outlook for refinance production during the first-three months of this year has been raised by Freddie Mac, though at the expense of subsequent quarters.