Mortgage Daily, Sept. 19, 2016
$48.4 billion in MBS issuance during August.
Category: Top National News
Fannie Mae: More Mortgage Lenders Control their Compliance Costs
HousingWire, Sept. 16, 2016–Ramirez, Kelsey
Nearly one-third of lenders said they expected their firm’s profit margin to increase over the next three months.
U.S. Judge Cuts Back $2 Billion Mortgage Bond Case Against UBS
Reuters, Sept. 6, 2016–Raymond, Nate; Stempel, Jonathan
Judge signaled that UBS AG could escape liability for portion of losses stemming from mortgage-backed securities sales in 2006, 2007.
Over $1 Billion in Non-Performing GSE Loans Sold
Mortgage Daily, Sept. 6, 2016
Winning bidders announced on four Fannie pools.
Should Mortgage Servicing Be Reformed?
DS News, Sept. 6, 2016–Baer, Kendall
Housing Finance Policy Center Co-Director Laurie Goodman says, “this regime pays servicers too much for servicing performing mortgages and too little for servicing nonperforming ones.”
What to Watch Out for with Your Mortgage Servicing Company
The Street, Sept. 6, 2016–Henricks, Mark
Problems with payments head the list of consumer complaints about the companies that service home mortgages.
Security Vulnerabilities Discovered in FHA Systems
HousingWire, Sept. 7, 2016–Lane, Ben
Watchdog review discovers weakness in government’s systems.
Ocwen Fixes Previous Settlement Failures, Faces Two New Failed Tests
HousingWire, Sept. 8, 2016–Swanson, Brena
National Mortgage Settlement monitor notes two new issues.
Of Course Women are More Likely than Men to Pay their Mortgage
HousingWire, Sept. 7, 2016–Ramirez, Kelsey
Urban Institute study proves it’s high time to level the playing field.
Selling a $5 Million, Seven-Story Basket Is No Picnic
Bloomberg, Sept. 7, 2016–Mosendz, Polly
Former headquarters of Longaberger Co. in Ohio is proving to be a tough sell, even with drastic price cuts from its $32 million construction cost.