Category: Top National News

OC Register (Calif.), Sept. 23, 2016–Lazerson, Jeff
Fannie Mae releases 10.0, the 31st version of its automated credit decision engine named Desktop Underwriter or DU.

Mortgage Daily, Sept. 23, 2016
Loans with nontraditional credit that receive an approve/eligible recommendation from Fannie Mae’s Desktop Underwriter will be eligible for delivery on a delegated or non-delegated basis.

DS News, Sept. 23, 2016–Baer, Kendall
Michael Waldron of Bayview Loan Servicing says adjustments to existing systems add clarity and create efficiencies.

Associated Press, Sept. 25, 2016
Genworth Mortgage Insurance CEO Rohit Gupta discusses housing market.

Bloomberg, Sept. 26, 2016–Light, Joe; Scully, Matt
Mortgage insurance companies are getting a long-awaited shot at expanding their business with Fannie Mae and Freddie Mac. But it’s shaping up to be less lucrative than they had hoped.

Mortgage Daily, Sept. 23, 2016
Estimated Q2 U.S. originations $488 billion.

Santa Fe New Mexican, Sept. 24, 2016–Miller, Cynthia
Securities and Exchange Commission filed a motion Friday in a federal court saying it will drop three out of five remaining civil fraud claims against two former top executives of Thornburg Mortgage, a Santa Fe-based firm that was once the second-largest mortgage company in the nation.

National Mortgage News, Sept. 26, 2016–Sinnock, Bonnie
Now that Fannie Mae requires trended data credit reports for its automated underwriting system, will other secondary market players follow suit? If so, how soon?

HousingWire, Sept. 26, 2016–Lane, Ben
Plans to share even more risk with mortgage insurers.

Mortgage Daily, Sept. 26, 2016
Wells Fargo & Co.’s banking subsidiary has agreed to settle allegations that it violated federal law on telephone calls made in connection with home loans.