National Mortgage News, Nov. 14, 2016–McKendry, Ian
Sen. Elizabeth Warren, D-Mass., delivered a blunt message to fellow Democrats on Monday, warning them not to support efforts to restructure the Consumer Financial Protection Bureau.
Category: Top National News
CFPB’s Arbitration, Payday Plans May Be Derailed, Gutted
National Mortgage News, Nov. 14, 2016–Berry, Kate
The Consumer Financial Protection Bureau’s contentious rulemakings on arbitration and payday lending may be in jeopardy with the change in administrations and continued GOP control of Congress.
Some Mortgage REITs to Benefit from Trump Policies
Barron’s, Nov. 14, 2016–Stone, Amey
Analysts at FBR & Co. expect commercial mortgage real estate investment trusts to be among the beneficiaries of a Trump presidency as interest rates rise.
Audit of U.S. Stress Test Ready, May Aid Dodd-Frank Overhaul Fight
Reuters, Nov. 14, 2016–Rucker, Patrick
An independent study of the financial costs and benefits of Wall Street ‘stress tests’ could be released as soon as Tuesday and may strengthen calls to reform U.S. banking rules, sources said.
MSRs On $1.8 Billion in Ginnie Loans for Sale
Mortgage Daily, Nov. 14, 2016
The proposed transaction includes MSRs on 7,237 GNMA II residential loans that had a collective outstanding principal balance of $1.819 billion as of Nov. 9.
SoFi and Fannie Mae Announce Cash-out Refi for Student Loans
HousingWire, Nov. 2, 2016–Swanson, Brena
An estimated 8.5 million households could potentially benefit.
‘Problem’ Loans Create a Drag on CMBS Refinancing
National Real Estate Investor, Nov. 2, 2016–Mattson-Teig, Beth
Many high-leverage commercial mortgage-backed securities loans are searching for refinancing capital while the CMBS market is battling its own liquidity crunch.
Wave of Maturing Loans Drives Up CMBS Delinquency
Mortgage Daily, Nov. 2, 2016
Loans that are included in commercial mortgage-backed securities had a 30-plus day delinquency rate of 4.98 percent as of Oct. 31.
Life-to-Date HECM Production Surpasses 1 Million
Mortgage Daily, Nov. 2, 2016
Last month’s production brought to more than a million the number of reverse mortgages that have been insured by the federal government.
Impac Mortgage Originations Soar, Servicing Grows
Mortgage Daily, Nov. 2, 2016
Home-lending activity took a giant leap at Impac Mortgage Holdings Inc. In addition, the organization reported sizable growth in its mortgage servicing portfolio.