Baltimore Sun, Nov. 16, 2016–Sherman, Natalie
The federal government has sold thousands of delinquent Maryland mortgages to private investors through a controversial program that critics argue hurts homeowners and contributes to Baltimore’s vacancy problem.
Mortgage Daily, Nov. 18, 2016–Garcia, Sam
Several mortgage bankers and mortgage service providers were among companies recently recognized as best employers. Culture was cited among some for their elevated status.
Business Recorder/Reuters, Nov. 21, 2016
Deutsche Bank and Citigroup teamed up to offer a new $975 million commercial mortgage-backed securities bond they hope will satisfy new risk-retention rules that take effect next month. The banks plan to keep at least 5 percent of each class of the securitization.
Bloomberg, Nov. 8, 2016–Stohr, Greg
U.S. Supreme Court justices signaled they may divide over the ability of cities to use the Fair Housing Act to sue banks for discriminatory lending practices that contribute to urban blight.
Mortgage Daily, Nov. 8, 2016
The transaction involves 3,508 Fannie Mae loans with an aggregate principal balance of $789 million.
HousingWire, Nov. 8, 2016–Lane, Ben
According to PHH, it is set to begin the exit from the private-label business and intends that process to be substantially complete by first quarter 2018.
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.
