Category: Top National News

Reuters, Sept. 15, 2016–Raymond, Nate
Former sales manager of Vortex Financial defrauded 30,000 homeowners out of $31 million.

Reverse Mortgage Daily, Sept. 18, 2016–Oliva, Jason
MBA, NRMLA and other industry groups urged HUD to maintain current guidelines regarding a mortgagee’s election of loan assignment.

Reuters, Sept. 16, 2016–Schuetze, Arno
Justice Department says bank missold mortgage-backed securities. 

Wall Street Journal, Sept. 16, 2016–Hayashi, Yuka
House Panel Starts Investigation, Democratic Senators suggest clawback of some of bank’s executive compensation.

National Mortgage News, Sept. 16, 2016–Passy, Jacob
Activity under the Making Home Affordable program increased in the second quarter thanks to the introduction of the Streamline Home Affordable Mortgage Program.

Pensions & Investments, Sept. 19, 2016–Jacobius, Arleen
Lenders try to reassure investors that securitization issues of the Great Recession have subsided.

National Mortgage News, Sept. 19, 2016–Collins, Brian
MBA President and Chief Executive David Stevens said that a lot of the CFPB rules required by the Dodd-Frank Act have been implemented. “They are working well. Homeownership is expanding,” he said.

National Mortgage News, Sept. 19, 2016–Sichelman, Lew
Next administration must act swiftly to move reform of Fannie Mae and Freddie Mac off dead center, and Ginnie Mae President Ted Tozer suggested that the model for a new secondary market is already in place.

Mortgage Daily, Sept. 19, 2016
Q3 total mortgage production projected at $519 billion.

HousingWire, Sept. 19, 2016–Ramirez, Kelsey
FHFA housing price index at 2007 levels, which could trigger an increase.