National Mortgage News, Oct. 13, 2016–Collins, Brian
The Mortgage Bankers Association wants FHFA to continue to build on its credit risk transfer programs and accelerate the transfer of credit risk to private investors. But it acknowledges FHFA needs to ensure fair access for smaller lenders.
GoRion, Oct. 13, 2016–Curry, Kerry
Stated income loans all but disappeared after the housing crisis, but they, along with other forms of subprime lending, have quietly returned, albeit often under new terminology.
Atlanta Journal-Constitution, Oct. 13, 2016–DiGangi, Christine
The housing crisis played out differently state by state, and foreclosure can take a very long time in some jurisdictions.
Reuters, Oct. 13, 2016
The Federal Reserve bought $7.957 billion of agency mortgage-backed securities in the week from Oct. 6 to Oct. 12, compared with $10.901 billion purchased the previous week, the New York Federal Reserve Bank said on Thursday.
Bloomberg, Oct. 14, 2016–Scully, Matt; Light, Joe
Bond investors including AllianceBernstein Holding LP are criticizing a proposal from Fannie Mae and Freddie Mac designed to transfer more of their risk to insurance companies.
UExpress, Oct. 14, 2016–Sichelman, Lew
There are circumstances in which private mortgare insurance can be canceled–but only at your request.
Wall Street Journal, Oct. 14, 2016–Ackerman, Andrew
White House spokesman Eric Schultz on Friday reaffirmed the president’s support for the top U.S. markets cop, hours after Sen. Elizabeth Warren, D-Mass.) called for her firing in a letter to President Obama.
Mortgage Daily, Oct. 17, 2016
The attorney who represented PHH Corp. in its lawsuit against the Consumer Financial Protection Bureau talked about the implications from last week’s appellate court decision.
National Mortgage News, Oct. 18, 2016
As the industry descends on Boston this weekend for the Mortgage Bankers Association’s annual convention, questions bubble to the surface regarding the challenges of the past year, and those that lie ahead.
HousingWire, Oct. 17, 2016–Ramirez, Kelsey
Funding is provided through HUD’s Community Development Block Grant–Disaster Recovery Program.
