Category: Top National News

National Mortgage News, Jan. 31, 2017–Rodrigo Lopez, CMBMBA Chairman advocates new model for reforming the secondary mortgage market.

Bloomberg, Jan. 31, 2017–Joe LightThe Mortgage Bankers Association, a powerful housing trade group, is wasting no time in pushing the Trump administration and Republican-led Congress to address one of the last unresolved issues from the financial crisis, outlining a proposal Tuesday to overhaul mortgage-finance giants Fannie Mae and Freddie Mac.

HousingWire, Jan. 31, 2017–Brena SwansonThe largest trade group in the mortgage finance space, the Mortgage Bankers Association, released its initial plans for its recommended approach for secondary mortgage market reform, unveiling the first product from its recently formed “task force,” which is made up of some of the top lenders and insurers in the industry.

American Banker, Jan. 31, 2017–Ian McKendryThe trade group released a paper Tuesday outlining a new plan designed to resolve the fate of Fannie Mae and Freddie Mac, which would call for creating several smaller public utilities that would buy federal insurance from the government for securities they issue.

HousingWire, Jan. 31, 2017–Jacob GaffneyS&P Global Ratings just published its 2017 outlook for U.S. private mortgage insurers. It’s pretty good news, too.

Mortgage Daily, Jan. 31, 2017Policy updates and clarifications made by Fannie Mae will make appraisal reports easier to complete.

Mortgage Daily, Jan. 31, 2017Monthly residential Federal Housing Administration business was little changed, as was its book of business. But deterioration was reported in the rate of single-family delinquency.

Bloomberg, Jan. 31, 2017–Patrick ClarkHousing advocates in New York have been lobbying the city government to set aside millions of dollars to pay attorneys’ fees for tenants facing eviction, arguing that providing legal aid to a poor renter is cheaper than paying for a bed in a homeless shelter.

HousingWire, Feb. 1, 2017–Ben LaneOn Tuesday, Sens. Deb Fischer, R-Neb.; John Barrasso, R-Wyo.; and Ron Johnson, R-Wis., introduced a bill that would replace the single director of the Consumer Financial Protection Bureau with a five-member bipartisan committee, a change the Republican Party has long pushed for.

HousingWire, Feb. 1, 2017–Lane, BenJPMorgan Chase disclosed Wednesday that it reached a final settlement agreement with Lehman Brothers, ending the failed investment bank’s lawsuit over claims that JPMorgan illegally siphoned billions of dollars from Lehman before its collapse.