Bloomberg, Sept. 27, 2016–McLaughlin, David
Justice Department says several lenders have failed to cooperate amid investigations.
Category: Top National News
Freddie Mac Announces New Mortgage Risk-Sharing Program
Fox Business, Sept. 28, 2016–Stephens, David
Freddie Mac, McLean, Va., announced a new program to reduce the risk it takes on various mortgages.
Best Month for Freddie’s New Biz in Over 3 Years
Mortgage Daily, Sept. 28, 2016
August secondary activity totaled $45.9 billion.
New York Announces New Requirements for Maintenance of Zombie Homes
Housing Wire, Sept. 28, 2016–Lane, Ben
New regulation will hold lenders and mortgage servicers “accountable.”
Credit Suisse, Barclays Said to Be in Mortgage-Settlement Talks
Bloomberg, Sept. 28, 2016–McLaughlin, David; Schoenberg, Tom
Deutsche Bank AG isn’t the only lender wrestling with the U.S. to resolve an investigation into toxic mortgage bonds: Credit Suisse Group AG and Barclays Plc are also each in settlement talks with the Justice Department.
Ditech Settles Charges of Borrower Harassment
Mortgage Daily, Sept. 28, 2016
Walter Investment Management Corp.’s mortgage banking subsidiary has agreed to settle charges that it harassed delinquent Massachusetts borrowers for four years.
Justice Dept. to Banks: Cooperate in Civil Investigations–Or Else
National Mortgage News, Sept. 28, 2016–Berry, Kate
Banks now expected to “materially assist” the agency in providing documents, access to witnesses and even inculpatory documentary evidence such as emails and text messages.
European Banks and the Great Mortgage Settlement Game
Wall Street Journal, Sept. 28, 2016–Davies, Paul
Credit Suisse has the least wiggle room and will be watching outcome of Deutsche Bank’s mortgage case closely.
Fewer Students Are Defaulting On Loans After Leaving College
Wall Street Journal, Sept. 28, 2016–Mitchell, Josh
But figure remains high despite solid labor market.
Seven Transitional Themes, With MBA’s Dave Stevens
Capital Alpha Partners, Sept. 29, 2016
Capital Alpha hosted Mortgage Bankers Association CEO Dave Stevens in an annual call to update listeners on policy issues confronting the mortgage housing sector.