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.
Category: Top National News
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.
Mortgage Layoff Notices Plunge, Banks Continue
Mortgage Daily, Sept. 14, 2016–Garcia, Sam
Volume of layoff notices by mortgage-related businesses has significantly slowed as of late.
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.