MarketWatch, Nov. 1, 2016–Riquier, Andrea
After this quarter, the enterprise will have returned $101.4 billion to taxpayers.
Category: Top National News
Freddie Mac CEO: We’ll Make Crisis-Era Foreclosure Preventions Permanent
HousingWire, Nov. 1, 2016–Gaffney, Jacob
Freddie Mac is now working with its regulator, the Federal Housing Finance Agency, to create permanent foreclosure-avoidance programs as HAMP and HARP look to expire.
Fannie Mae Hot Streak Continues, Net Income Increases Slightly in Q3
HousingWire, Nov. 3, 2016–Ramirez, Kelsey
The government-sponsored enterprise posted profits every quarter for the last four and a half years and sees no near-term end to conservatorship.
Fannie Mae CEO Reveals “Next Frontier” of Mortgage Lending
Housing Wire, Nov. 3, 2016–Gaffney, Jacob
Here is the next big idea.
Will Lenders Embrace Fannie’s Rep and Warrant Relief?
National Mortgage News, Nov. 3, 2016–Sinnock, Bonnie
Fannie Mae’s new representation and warranty relief offers lenders a long-awaited incentive to use its automated loan validation technology. But is it enough for lenders to make the necessary technology updates and process changes to implement the tools?
Wells Fargo in Talks With Prosecutors Over Potential Mortgage Abuses
Wall Street Journal, Nov. 3, 2016–Glazer, Emily
Bank also says range of possible litigation losses related to separate probe rose to as much as $1.7 billion in third quarter.
Fla. Supreme Court Rules for Lenders in Landmark Foreclosure Decision
Daily Business Review, Nov. 3, 2016–Ampel, Celia
The Florida Supreme Court on Thursday ruled in favor of mortgage lenders in a decision that homeowners’ advocates say will create renewed uncertainty for some borrowers about whether they can stay in their homes.
Why Mortgage Principal Forgiveness Policy Is a Bad Idea
Heritage.org, Nov. 3, 2016–Ligon, John
Author says a Federal Housing Finance Agency decision to implement a mortgage forgiveness program for severely delinquent loans guaranteed by Fannie Mae and Freddie Mac is unlikely to work.
11 Oregon Counties Sue Private Mortgage Registry MERS
The Oregonian, Nov. 3, 2016–Njus, Elliot
The counties assert that MERS is illegal under state law.
HUD Flood Plan Provokes Battle Between Home Builders, Environmentalists
National Mortgage News, Nov. 3, 2016–Collins, Brian
The agency released a plan last week that would stipulate that newly constructed homes financed by the Federal Housing Administration would have to be elevated two feet above the 100 year-based flood level.