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.
Category: Top National News
Bond Investors Question U.S. Pilot Program for Mortgage Insurers
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.
Getting Rid of PMI
UExpress, Oct. 14, 2016–Sichelman, Lew
There are circumstances in which private mortgare insurance can be canceled–but only at your request.
White House Is Sticking With SEC Chief Mary Jo White
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.
Implications of PHH v. CFPB Decision
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.
10 Challenges the Mortgage Industry Must Address Now
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.
HUD Awards $500 Million to Louisiana, Texas, West Virginia Flood Areas
HousingWire, Oct. 17, 2016–Ramirez, Kelsey
Funding is provided through HUD’s Community Development Block Grant–Disaster Recovery Program.
Court Orders U.S. to Release Documents on Mortgage Giants
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.
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.