Category: Top National News

National Mortgage News, Sept. 21, 2016–Heltman, John
Fed Chair insists despite concerns raised by the recent scandal at Wells Fargo, there is no inherent reason why large banks cannot meet existing standards of conduct.

Mortgage Daily, Sept. 21, 2016
Joint venture between Nationstar Mortgage LLC and KB Home winding down.

National Mortgage News, Sept. 21, 2016–Passy, Jacob
Fannie Mae said transactions represent continuation of its efforts to reduce taxpayer risk through an increased role for private capital in the mortgage market.

GoRion, Sept. 22, 2016–Wisnowski, Charles
At MBA Regulatory Compliance Conference, “uncertainty” about regulatory environment is most common word.

24/7 Wall St., Sept. 22, 2016–Ausick, Paul
CoreLogic said mortgage lenders in Miami face highest fraud risks.

Mortgage Daily, Sept. 22, 2016
Black Knight Financial Services reports 2.678 million loans delinquent or in foreclosure, down from August.

National Mortgage News, Sept. 22, 2016–Peters, Andy
Banks are dumping their mortgage servicing rights because low rates and new rules make it hard to earn a profit. These banks take the opposite view.

HousingWire, Sept. 22, 2016–Wheeler, Sarah
Approach of New York City versus San Francisco is enlightening.

Bloomberg, Sept. 23, 2016–Light, Joe
The Mortgage Bankers Association, the largest home lender trade group, on Friday proposed a substitute for the Home Affordable Modification Program, President Barack Obama’s signature response to the foreclosure crisis. 

National Mortgage News, Sept. 23, 2016–Collins, Brian
Fannie Mae employees working to update the agency’s automated underwriting machine to process trended data for the first time.