Financial Times, Nov. 7. 2016–Gray, Alistair
Ultra-low interest rates squeeze bank margins but provide relief to their customers, said TransUnion.
Category: Top National News
Why Wall Street Is Falling in Love with GSE Credit-Risk Transfer Deals
National Mortgage News, Nov. 4, 2016–Collins, Brian
Since the government-sponsored enterprises began experimenting with both frontend and backend deals in which part of the credit risk is shared with third parties, investors have been watching carefully.
CRT: A Means to an End Despite Lack of Housing Reform
GoRion, Nov. 4, 2016–Schwartz, Faith
The lessons we are learning through CRT innovation will certainly play into the discussions around the role of government and private capital as we continue to reshape the housing finance of the future.
GSE Loan Counts, Volumes Outpace 2015 Levels
Scotsman Guide, Nov. 4, 2016–Whitman, Victor
Through the first three quarters of the year ending Sept. 30, the volumes and counts of the nation’s most popular home-loan types – mortgages purchased by Fannie Mae and Freddie Mac–were running ahead of the pace set in 2015.
Cordray Tells MBA Bureau Expects More from Industry
Dodd-Frank Update, Nov. 4, 2016
Cordray told MBA Annual Convention what the CFPB’s expectations were for servicing compliance, fair lending practices, and consumer complaint management. And they weren’t always what previous standards for the CFPB have been.
Essent Posts Higher 3Q Income, Genworth Extends Loss
National Mortgage News, Nov. 4, 2016–Passy, Jacob; Finkelstein, Brad
Essent Group reported higher net income on a 25% year-over-year increase in insurance-in-force, while Genworth Financial posted a larger net loss from a year ago as its life insurance division took a hit.
Across the Board Growth at Guild Mortgage
Mortgage Daily, Nov. 4, 2016
Quarterly home lending activity moved higher, the residential loan servicing portfolio grew larger, and employment expanded at Guild Mortgage Co.
Goldman Sachs Settles Abacus CDO Lawsuit
HousingWire, Nov. 4, 2016–Lane, Ben
ACA Financial Guaranty Corp wanted $120 million.
Ruling in Florida Could Have Implications for All Mortgage Servicers
MortgageOrb, Nov. 7, 2016–Barnard, Patrick
In effect, the court upheld a previous Florida Appellate Court ruling in Lewis Brooke Bartram v. U.S. Bank National Association that determined that when foreclosure actions are dismissed, servicers and borrowers return to their pre-foreclosure complaint status.
Navy FCU Grows Mortgage Staff, Servicing Portfolio
Mortgage Daily, Nov. 7, 2016
While there was a little upward movement in mortgage production at Navy Federal Credit Union, loan servicing and mortgage staffing jumped higher.