National Mortgage News, Oct. 18, 2016
As the industry descends on Boston this weekend for the Mortgage Bankers Association’s annual convention, questions bubble to the surface regarding the challenges of the past year, and those that lie ahead.
Category: Top National News
HUD Awards $500 Million to Louisiana, Texas, West Virginia Flood Areas
HousingWire, Oct. 17, 2016–Ramirez, Kelsey
Funding is provided through HUD’s Community Development Block Grant–Disaster Recovery Program.
Court Orders U.S. to Release Documents on Mortgage Giants
New York Times, Oct. 4, 2016–Morgenson, Gretchen
Federal judge said goverment improperly withheld documents from investors who sued goverment over decision to seize profits of Fannie Mae, Freddie Mac.
Harlem Clergy Enter Mortgage-Reform Fray, Saying ‘Our Loans Matter’
Politico, Oct. 4, 2016–Woellert, Lorraine
Dozens of New York Baptist ministers have joined the fray over Fannie Mae and Freddie Mac, saying efforts to privatize the mortgage giants could deliver a financial blow to communities of color in a time of growing wealth inequality.
Sharp Drop in Annual Mortgage Refinances Predicted
Mortgage Daily, Oct. 4, 2016
iEmergent says total 2016 originations expected to be $1.8 trillion.
Old CMBS Bubble Is Resurfacing
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.
Run from PACE Loans…RUN
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.
The Executive Behind Freddie Mac’s Mortgage Innovation
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.
Nearly $1 Billion in Distressed GSE Mortgages Sold
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.
New Foreclosure Statutes in New York Threaten the Process
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.