Category: Top National News

CNBC, Dec. 19, 2016–Olick, Diana
ARMs are still around, and they can be the right product for a lot of borrowers. They can, in fact, be very low risk.

DS News, Dec. 19, 2016–Baer, Kendall
The Urban Institute December Housing Chartbook brought some welcome news for mortgage delinquency and foreclosure rates.

National Mortgage News, Dec. 19, 2016–Kellard, Joseph
Two former executives of the failed GulfSouth Private Bank in Destin, Fla., and another man have been indicted on federal charges of defrauding the Troubled Asset Relief Program of $7.5 million.

SFGate, Dec. 19, 2016–Egelko, Bob
Bay Area lawmakers are proposing to raise $300 million for low-cost housing in California by eliminating the state tax deduction for mortgage interest on second homes, a proposal that will test the strength of Democrats’ newly won two-thirds legislative majority.

National Mortgage News, Dec. 16, 2016–Collins, Brian
According to sources familiar with the situation, the Trump team is weighing Edward Brady, an Illinois home builder, and Debra Still, president and chief executive of Pulte Mortgage and a former chairman of the Mortgage Bankers Association, as FHA commissioner.

Mortgage Daily, Dec. 13, 2016
The amount of time it takes to liquidate a securitized defaulted mortgage appears to have peaked, and the timeline is starting to decline.

Roll Call, Dec. 6, 2016–Ota, Alan K.
Homebuilders and lenders are preparing to defend the mortgage interest deduction as the incoming Trump administration and Congress weigh potential adjustments to one of the most popular tax sweeteners. David Stevens, president of the 2,400-member Mortgage Bankers Association, said in an interview that his group has serious concerns about any potential changes, including any attempt to lower the loan principal cap.

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.