Wall Street Journal, Oct. 25, 2016–Fung, Esther
Logistics space owners see surprisingly strong results; Aéropostale bankruptcy hits SL Green Realty.
Category: Top National News
Industry Experts Reveal Details of HAMP Replacement Program
HousingWire, Oct. 26, 2016–Ramirez, Kelsey
The Mortgage Bankers Association revealed its new program proposal at the end of September. While the Federal Housing Finance Agency already created a new program to replace the Home Affordable Refinance Program, nothing is in place to take over for HAMP.
Ocwen’s Earnings, Mortgage Originations Improve
Mortgage Daily, Oct. 26, 2016
The last time Ocwen earned a profit was in the second-quarter 2015.
Arch’s 3Q Mortgage Insurance Income Rises 119%
National Mortgage News, Oct. 26, 2016–Finkelstein, Brad
Arch Capital Group’s mortgage insurance business had underwriting income of $37.4 million in the third quarter, an increase of 119% compared with the $17.1 million earned one year prior.
U.S. Credit Unions Expect to Expand with Regulatory Vote this Week
Reuters, Oct. 26, 2016–Rucker, Patrick
Credit unions will be able to more easily expand into markets dominated by banks after a reform vote on Thursday, industry officials say, as regulators clear the way for the not-for-profits lenders.
2017 Fannie Mae Outlook
Affordable Housing Finance, Oct. 26, 2016–Kimura, Donna
Fannie Mae Multifamily Mortgage Vice President Bob Simpson discusses what the government-sponsored enterprise has in store.
Mortgage Firms Warned About HMDA Noncompliance
Mortgage Daily, Oct. 28, 2016
Dozens of mortgage bankers and mortgage brokers have been warned that they might not be in compliance with Home Mortgage Disclosure Act requirements.
Experts: PHH Court Ruling Bruises CFPB, Wells Fargo Scandal Ensures its Future
GoRion, Oct. 27, 2016–Wisniowski, Charles
Industry observers predict that a recent adverse D.C. appeals court ruling will leave a lasting mark on the Consumer Financial Protection Bureau.
Feds Seek to Block Release of Fannie Mae and Freddie Mac Memos
Fortune, Oct. 27, 2016–Parloff, Roger
Invoking an emergency procedure, the Justice Department appealed a judge’s order that would force the government to turn over documents that might shed light on why Fannie Mae and Freddie Mac were effectively nationalized in August 2012.
Ocwen Discloses Possible CFPB Action
Mortgage Daily, Oct. 27, 2016
Ocwen Financial Corp. revealed it is working with the Consumer Financial Protection Bureau to avoid actions that could have a material impact on the company.