World Property Journal, Sept. 13, 2016–Rachid, Monsef
Wells Fargo Bank N.A. with $502.2 billion in U.S. master and primary servicing, leads servicer rankings.
Category: Top National News
Regions to Pay $52.4 Million to Settle FHA-Insured Mortgage Matters
Wall Street Journal, Sept. 13, 2016–Stynes, Tess
Arrangement settles previously disclosed government probe.
House Republicans Pass Dodd-Frank Overhaul
Scotsman Guide, Sept. 13, 2016–Whitman, Victor
H.R. 5983, the Financial CHOICE Act, passed along party lines in the House Financial Services Committee.
CFPB Reform ‘Dead on Arrival’ Thanks to Wells Fargo
American Banker, Sept. 13, 2016–Blackwell, Rob; McKendry, Ian
House Democrats said $185 million judgment against lending giant “clinched” case against Republican-led effort to reform Consumer Financial Protection Bureau.
Foreclosure Inventory at Nine-Year Low
National Mortgage Professional, Sept. 13, 2016–Hall, Phil
Inventory plummets 29 percent from year ago, CoreLogic said.
Spitzer’s Trial Against Hank Greenberg Finally Begins
Wall Street Journal, Sept. 13, 2016–Scism, Leslie
The former AIG CEO’s trial gets under way 11 years after Elliott Spitzer, New York Attorney General at the time, filed suit.
MGIC Eases Credit Score Requirements
Mortgage Daily, Sept. 13, 2016
Changes to lending requirements at MGIC will make it easier for some applicants with limited credit to qualify for a mortgage.
Mortgage Bankers Lift Q4 Refinance Forecast
Mortgage Daily, Sept. 14, 2016
MBA projects home lending volume to reach $561 billion in third quarter.
Why Mortgage Delinquency Rates are Dropping
KDSK (St. Louis), Sept. 14, 2016
MBA Vice President Jamie Woodwell says as property values increase, mortgage fundamentals increase as well.
Bankers Endorse Finding That Fed Stress Tests Likely Illegal
Wall Street Journal, Sept. 15, 2016–Tracy, Ryan
Committee on Capital Markets report is latest evidence some in the banking industry are contemplating a potential lawsuit.