Mortgage Daily, Sept. 14, 2016–Garcia, Sam
Volume of layoff notices by mortgage-related businesses has significantly slowed as of late.
Category: Top National News
New York Unveils Sweeping Cybersecurity Regulations
HousingWire, Sept. 14, 2016–Lane, Ben
Banks, financial services industry will be required to amp up security.
Why the Surge in PMI Activity Won’t Force FHA to Cut Premiums Anytime Soon
Urban Institute, Sept. 15, 2016–Kaul, Karan
Given “pristine quality” of today’s mortgages, author says FHA not likely to cut premiums.
Why Democrats Washed Their Hands of House Reg Relief Bill
National Mortgage News, Sept. 15, 2016–McKendry, Ian
By not offering amendments, Democrats were able to spare members some tough votes on specific issues and not tip their hand on potential compromises further down the road.
Mastered the CFPB’s 900-Page Mortgage Servicing Rule Yet?
HousingWire, Sept. 15, 2016–Swanson, Brena
Servicers have one year to study and master the Consumer Financial Protection Bureau’s new rule. There will be a test.
New Laws Haven’t Made Big Banks Safer, Paper by Lawrence Summers Says
Wall Street Journal, Sept. 15, 2016–Davidson, Kate
Former Treasury secretary, co-author say stock prices don’t reflect decreased risk of failure.
Flip-O-Rama! House Flipping Hits Six-Year High!
National Mortgage Professional, Sept. 15, 2016–Hall, Phil
ATTOM Data Solutions said 51,500 homes flipped in second quarter.
PNC Chief Acknowledges HEL Process Too Slow
Pittsburgh Post-Gazette, Sept. 15, 2016–Sabatini, Patricia
PNC CEO Will Demchak said bank’s application, approval process cumbersome.
Ocwen Mortgage Modifications Double
Mortgage Daily, Sept. 15, 2016
Government-supported loan modifications at Ocwen Loan Servicing has recently doubled and is expected to remain robust.
Federal Judge Dismisses Another GSE Shareholder Lawsuit
National Mortgage News, Sept. 15, 2016–Collins, Brian
Kentucky district court judge rules that the courts cannot interfere with the GSE regulator’s wind down of Fannie Mae and Freddie Mac.