Daily Business Review, Nov. 3, 2016–Ampel, Celia
The Florida Supreme Court on Thursday ruled in favor of mortgage lenders in a decision that homeowners’ advocates say will create renewed uncertainty for some borrowers about whether they can stay in their homes.
Heritage.org, Nov. 3, 2016–Ligon, John
Author says a Federal Housing Finance Agency decision to implement a mortgage forgiveness program for severely delinquent loans guaranteed by Fannie Mae and Freddie Mac is unlikely to work.
The Oregonian, Nov. 3, 2016–Njus, Elliot
The counties assert that MERS is illegal under state law.
National Mortgage News, Nov. 3, 2016–Collins, Brian
The agency released a plan last week that would stipulate that newly constructed homes financed by the Federal Housing Administration would have to be elevated two feet above the 100 year-based flood level.
Financial Times, Nov. 7. 2016–Gray, Alistair
Ultra-low interest rates squeeze bank margins but provide relief to their customers, said TransUnion.
National Mortgage News, Nov. 4, 2016–Collins, Brian
Since the government-sponsored enterprises began experimenting with both frontend and backend deals in which part of the credit risk is shared with third parties, investors have been watching carefully.
GoRion, Nov. 4, 2016–Schwartz, Faith
The lessons we are learning through CRT innovation will certainly play into the discussions around the role of government and private capital as we continue to reshape the housing finance of the future.
Scotsman Guide, Nov. 4, 2016–Whitman, Victor
Through the first three quarters of the year ending Sept. 30, the volumes and counts of the nation’s most popular home-loan types – mortgages purchased by Fannie Mae and Freddie Mac–were running ahead of the pace set in 2015.
Dodd-Frank Update, Nov. 4, 2016
Cordray told MBA Annual Convention what the CFPB’s expectations were for servicing compliance, fair lending practices, and consumer complaint management. And they weren’t always what previous standards for the CFPB have been.
National Mortgage News, Nov. 4, 2016–Passy, Jacob; Finkelstein, Brad
Essent Group reported higher net income on a 25% year-over-year increase in insurance-in-force, while Genworth Financial posted a larger net loss from a year ago as its life insurance division took a hit.
