Wall Street Journal, Nov. 9, 2016–Andriotis, Annamaria
MBA President and CEO David Stevens, CMB, said it is possible that a new attorney general appointed by Donald Trump would scale back these lawsuits, lessening risk of regulatory retaliation and possibly paving the way for big banks to return to FHA lending.
National Mortgage News, Nov. 9, 2016–Passy, Jacob
The Mortgage Bankers Association is focused on identifying and reaching out to the “key people who are going to be advising the president,” said the David Stevens, the group’s president and CEO.
National Mortgage News, Nov. 9, 2016–Berry, Kate; McKendry, Ian
President-elect Donald Trump might attempt to remove Consumer Financial Protection Bureau Director Richard Cordray from his post and boost legislative efforts to weaken its powers.
Colorado Real Estate Journal, Nov. 9, 2016–Salzman, Michael
Life companies expected a busy 2016, but when commercial mortgage-backed securities interest rates rose, life companies seized the opportunity to invest loan dollars at relatively attractive yields.
Mortgage Orb, Nov. 9, 2016–Caley, Nora
When Fannie Mae and Freddie Mac reported their earnings for the third quarter, both reported strong returns, but this was not greeted as particularly good news among mortgage industry observers.
Mortgage Daily, Nov. 9, 2016
Allegations that PHH Mortgage Corp. has been deficient in its mortgage origination and servicing practices in New York have been been settled.
Wall Street Journal, Nov. 13, 2016–Carney, John
President-elect Donald Trump has said little of what might happen to them; MBA President and CEO David Stevens says “anyone who thinks they know what Trump thinks about Fannie and Freddie is making it up.”
National Mortgage News, Nov. 11, 2016–Sinnock, Bonnie; Passy, Jacob
Any plans President-elect Donald Trump may have for tax reform don’t include cutting the mortgage interest deduction, according to a member of Trump’s economic advisory council.
CNBC, Nov. 10, 2016–Olick, Diana
Foreclosures had been falling steadily to the lowest levels in nine years, but a curious spike in October may be the first sign of a crack in the recovery.
Mortgage Daily, Nov. 10, 2016
Although customers who took out a new mortgage are more satisfied this year, a significant share have experienced buyer’s remorse.
