New York Times, Dec. 12, 2016–Carrns, Ann
This “modest” change is another recognition that housing markets have recovered from the real-estate crash, said David Stevens, chief executive of the Mortgage Bankers Association.
Category: Top National News
Ex Cantor Fitzgerald Mortgage Bond Trader Indicted in U.S. for Fraud
Reuters, Dec. 9, 2016–Raymond, Nate
David Demos, 35, was charged with securities fraud in an indictment filed in federal court in New Haven, Connecticut, becoming the latest trader to face charges for cheating customers on prices of mortgage-backed securities.
Fannie Mae Will Waive Appraisals on Some Refinance Loans
San Francisco Chronicle, Dec. 10, 2016–Pender, Kathleen
Thanks to a program that started Saturday, some homeowners won’t have to pay or wait for an appraisal on certain refinance loans backed by Fannie Mae. “Some markets have a very acute appraiser shortage,” said Mortgage Bankers Association Regulatory Assistant Matt Jones. “It could take a month or two months to get an appraisal.”
Are REITs A Good Investment Now As Interest Rates Head Higher?
Investors Business Daily, Dec. 11, 2016–Shreve, Ken
Don’t give up on real estate investment trusts just yet. They have bounced up 8 percent from their Nov. 11 low and analysts and fund managers point toward an improving economy as a catalyst in coming quarters.
MSRs on $1 Billion in GSE Loans On the Market
Mortgage Daily, Dec. 7, 2016
The mortgage servicing rights are being offered on 3,976 residential loans with an aggregate unpaid principal balance of $1.084 billion as of Nov. 30.
U.S. Commercial, Multifamily Mortgage Delinquencies Remain Low in Q3
World Property Journal, Dec. 12, 2016–Gerrity, Michael
According to the Mortgage Bankers Association’s Commercial/Multifamily Delinquency Report, delinquency rates for commercial and multifamily mortgage loans remained low in the third quarter.
Fannie, Freddie to Halt Foreclosure Evictions During Holidays
National Mortgage News, Dec. 12, 2016–Passy, Jacob
Fannie Mae and Freddie Mac will again halt evictions nationwide for foreclosed properties during the holiday season.
Massive GSE MSR Offerings
Mortgage Daily, Dec. 12, 2016
A pair of offerings have hit the market for mortgage servicing rights on more than $10 billion in government-sponsored enterprise home loans.
Marketplace Lender Securitizes Jumbo Loans
Mortgage Daily, Dec. 12, 2016
SoFi, a northern California marketplace home lender, pulled off its first securitization of jumbo residential mortgages.
Trump Names Mortgage Industry Lobbyist to HUD Transition Team
Wall Street Journal, Nov. 29, 2016–Timiraos, Nick
Shawn Krause is executive vice president of government advocacy for Quicken Loans Inc., the privately held mortgage company that is the largest underwriter of mortgages backed by the Federal Housing Administration, which is part of HUD.