Category: Top National News

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.

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.

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.

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.

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.

American Banker, Oct. 5, 2016–Barba, Robert
As chief information officers plot their budgets for 2017, they have a lot to consider.

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.

National Mortgage News, Oct. 7, 2016–Finkelstein, Brad
Mortgage Bankers Association CEO David Stevens noted lower-income borrowers do not itemize on their taxes and can’t take advantage of the deduction.

HousingWire, Oct. 7, 2016–Swanson, Brena
Mat Ishbia of United Wholesale Mortgage suggests market could handle an increase of up to $12,000.

HousingWire, Oct. 7, 2016–Swanson, Brena
According to the Mortgage Bankers Association, in the second quarter the FHFA’s house price index was almost identical to the level of the index in third quarter 2007.