New York Times, Oct. 4, 2016–Morgenson, Gretchen
Federal judge said goverment improperly withheld documents from investors who sued goverment over decision to seize profits of Fannie Mae, Freddie Mac.
Category: Top National News
Harlem Clergy Enter Mortgage-Reform Fray, Saying ‘Our Loans Matter’
Politico, Oct. 4, 2016–Woellert, Lorraine
Dozens of New York Baptist ministers have joined the fray over Fannie Mae and Freddie Mac, saying efforts to privatize the mortgage giants could deliver a financial blow to communities of color in a time of growing wealth inequality.
Sharp Drop in Annual Mortgage Refinances Predicted
Mortgage Daily, Oct. 4, 2016
iEmergent says total 2016 originations expected to be $1.8 trillion.
Old CMBS Bubble Is Resurfacing
National Mortgage News, Oct. 4, 2016–Fest, Glen; Bisby, Allison
More than $100 billion in securitized commercial mortgages come due soon, many of them still underwater.
Run from PACE Loans…RUN
National Real Estate Post, Oct. 5, 2016
In video, former mortgage executive Frank Garay says Property Assessed Clean Energy loans are risky and disruptive to mortgage process.
The Executive Behind Freddie Mac’s Mortgage Innovation
HousingWire, Oct. 5, 2016–Swanson, Brena
Freddie Mac Chief Information Officer Robert Lux took the company and transformed it to create a better housing and finance system through technology innovation.
Nearly $1 Billion in Distressed GSE Mortgages Sold
Mortgage Daily, Oct. 5, 2016
The transaction, which was facilitated through the auction process, involves 5,364 mortgages that are deeply delinquent and non-performing.
New Foreclosure Statutes in New York Threaten the Process
MortgageOrb, Oct. 5, 2016–Bergman, Bruce
Mortgage servicing in New York has always been a challenge. Now it will be worse–all as a result of a new omnibus foreclosure law effective as of Dec. 20.
Compliance, Security and Mobile Top Bank’s Tech Spending List
American Banker, Oct. 5, 2016–Barba, Robert
As chief information officers plot their budgets for 2017, they have a lot to consider.
A Simpler Path to Housing Reform?
National Mortgage News, Oct. 6, 2016–Collins, Brian
Former Federal Housing Finance Agency head Ed DeMarco favors abanondoning GSE common securitization platform to use Ginnie Mae platform instead; MBA President and CEO David Stevens said proposal “broadens the debate as new Congress, Administration comes on board in January.