Category: Top National News

Mortgage Daily, Jan. 16, 2017
On Friday, the New Jersey Department of Banking and Insurance reported that it seized and closed down Harvest Community Bank.

Marketplace, Jan. 3, 2017–Hartman, Mitchell
One complicated legacy of the housing bust could finally be dealt with under the incoming Trump administration and Republican Congress: resolving the fate of the so-called government-sponsored enterprises: Fannie Mae and Freddie Mac.

Wall Street Journal, Jan. 3, 2017–Davies, Paul J.
U.S. and European banks have long had their differences, nowhere more so than over how much capital they need to stay safe.

Mortgage Daily, Jan. 3, 2017
A new offering could provide the successful bidder with mortgage servicing rights on as much as $1 billion in government-sponsored enterprise loans.

National Mortgage Professional, Jan. 3, 2017–Hall, Phil
The total value of the U.S. housing stock grew to a record-high $29.6 trillion in 2016, according to data released by Zillow.

HousingWire, Jan. 3, 2017–Lane, Ben
American International Group officially closed the sale of its mortgage-guaranty unit United Guaranty to Arch Capital Group on Dec. 31, the companies announced Tuesday morning.

Washington Post, Jan. 4, 2017–Harney, Kenneth R.
The authorization for this benefit to middle-income owners expired on Dec. 31, 2016. As a result, it will not be available for borrowers during 2017 and beyond unless reauthorized through congressional action.

National Mortgage News, Jan. 4, 2017–Collins, Brian
National banks have experienced a dramatic drop in loan modification activity over the past year, according to the Office of the Comptroller of the Currency.

National Mortgage News, Jan. 4, 2017–Passy, Jacob
Walter Investment Management Corp. has agreed to sell Green Tree Insurance Agency to a wholly owned subsidiary of insurance company Assurant.

Mortgage Daily, Jan. 4, 2017
Updates address 2 acquisitions, PMIERs financial requirements.