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.
Category: Top National News
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.
Mortgage Complaints Diminish Despite Overall Rise
Mortgage Daily, Nov. 29, 2016
Even though the volume of complaints filed against financial services providers has risen from a year ago, mortgage complaint volume was down, the Consumer Financial Protection Bureau said.
CFPB Warns Companies About Engaging in Wells Fargo-like Sales Incentives
HousingWire, Nov. 29, 2016–Lane, Ben
The Consumer Financial Protection Bureau just fired a shot across the bow of all companies that provide financial services to consumers, warning companies about the risks inherent in sales incentives programs like the one that led to a massive fine being handed down against Wells Fargo.
FHA Endorsements Fall, Could Go Lower
Mortgage Daily, Nov. 29, 2016
Monthly volume of residential loans endorsed by the Federal Housing Administration declined and could move even lower. A modest improvement was recorded for delinquency.
2017 Mortgage Deduction: What Every Taxpayer Should Know
Fox Business, Nov. 29, 2016–Caplinger, Dan
Right now, there aren’t major legal changes on the books that will affect the mortgage deduction in 2017, but the recent results of the presidential election point to a broader shift that could have implications for some homeowners in the future.