Mortgage Daily, Sept. 29, 2016–Garcia, Sam
Web-based services have been launched and improved to help mortgage companies comply with a host of regulations.
Category: Top National News
U.S. Bank Settles LA Foreclosure Lawsuit
Los Angeles Times, Sept. 29, 2016–Khouri, Andrew
Los Angeles city attorney had sued bank over decrepit properties.
Deutsche Bank, U.S. DOJ Continue to Discuss Mortgage-Securities Settlement
Wall Street Journal, Oct. 2, 2016–Strasburg, Jenny; Viswanatha, Aruna
No deal yet between Deutsche Bank, Department of Justice.
Fannie’s Biz at 3-Yr High, Delinquency at 8-Yr Low
Mortgage Daily, Sept. 30, 2016
August secondary activity up 11% from July.
Will FHA’s Auditors Have Good News in November?
National Mortgage News, Sept. 30, 2016–Collins, Brian
Strong home sales are boosting originations of Federal Housing Administration loans and opening the door for first-time buyers.
FHA Loans Lead the Decline in Defect Risk
National Mortgage News, Sept. 30, 2016–Passy, Jacob
Federal Housing Administration loans lead the decline in mortgage application defect risk, First American Financial Corp. reported.
TRID One Year Later
HousingWire, Oct. 3, 2016–Swanson, Brena
MBA Senior Vice President Pete Mills called TRID a “massive undertaking” but noted impact on consumers was mitigated because lenders prepared for rule.
Banks Are Cutting Servicing Staff: Fitch
National Mortgage News, Oct. 3, 2016–Passy, Jacob
Bank mortgage servicers are slashing their staff in the wake of improved loan performance and decreased portfolio, according to Fitch Ratings.
RBS to Pay $120 Mln to Resolve Connecticut Mortgage Bond Probe
Reuters, Oct. 3, 2016–Raymond, Nate
Royal Bank of Scotland Group PLC to resolve investigation of mortgage-backed securities underwriting ahead of 2008 financial crisis.
Agency Issuance Most Since 2012, Record at Ginnie
Mortgage Daily, Oct. 3, 2016
Fixed-rate MBS issuance on behalf of Fannie Mae, Freddie Mac and Ginnie worked out to $157.656 billion during September.