National Mortgage News, Dec. 6, 2016–Berry, Kate
The Consumer Financial Protection Bureau and its director Richard Cordray are on a collision course with President-elect Donald J. Trump in what could become a legal showdown over the limits to executive power.
National Mortgage News, Dec. 6, 2016–Broughton, Kristin; Peters, Andy
And that was only the beginning. Bank CEOs speaking in New York provided a long list of financial reforms that they would like to see under the incoming Trump administration.
National Mortgage News, Dec. 6, 2016–Passy, Jacob
The National Fair Housing Alliance and 20 local fair housing groups have filed a lawsuit in federal court against Fannie Mae over its maintenance and marketing of foreclosure properties.
National Mortgage News, Dec. 7, 2016–Passy, Jacob
Loan volume and balances increased in the third quarter as costs stabilized, according to data from the Mortgage Bankers Association.
Washington Post, Dec. 7, 2016–Harney, Kenneth R.
Michigan-based United Wholesale Mortgage, which has a network of 7,000 participating brokerage firms nationwide, has begun offering mortgages with no requirement for escrow accounts–and no penalty for the privilege.
HousingWire, Dec. 7, 2016–Swanson, Brena
American Advisors Group, Reverse Mortgage Solutions and Aegean Financial are the latest names to face the wrath of the Consumer Financial Protection Bureau due to deceptive advertisements in reverse mortgage lending.
HousingWire, Dec. 7, 2016–Lane, Ben
The market mortgage interest rates aren’t the only ones on the way up, as Fannie Mae and Freddie Mac announced Wednesday that they are increasing the benchmark interest rate for standard mortgage modifications to a level not seen in 10 months.
Bloomberg, Dec. 7, 2016–Scully, Matt
Fitch Ratings and DBRS Inc. are giving ratings to more than $210 million of bonds backed by loans made by Caliber Home Loans, a unit of Lone Star Funds, and by mortgages from Sterling Bank & Trust and LendSure Mortgage Corp.
Mortgage Daily, Dec. 8, 2016
As of Sept. 30 of this year, the aggregate principal balance of U.S. residential loans that were outstanding amounted to $9.249 trillion.
National Mortgage News, Dec. 8, 2016–McKendry, Ian
A bipartisan duo of House lawmakers introduced a bill Thursday that would push Fannie Mae and Freddie Mac to engage in more credit risk-sharing transactions.
