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.
Category: Top National News
Fines, Withdrawals, Job Cuts. It Was an Ugly Day for Global Banks
Bloomberg, Sept. 29, 2016–Melby, Caleb; Cullen, Angela
Even before the opening bell in New York, Thursday looked like a grim day for some of the giants of global banking.
BB&T Paying $83M to Settle FHA Bad Loan Investigation
National Mortgage New, Sept. 29, 2016–Finkelstein, Brad
BB&T Corp. has agreed to an $83 million settlement with the U.S. Department of Justice over mortgages with quality control problems that were insured by FHA.
Web-Based Solutions for Mortgage Compliance
Mortgage Daily, Sept. 29, 2016–Garcia, Sam
Web-based services have been launched and improved to help mortgage companies comply with a host of regulations.
U.S. Bank Settles LA Foreclosure Lawsuit
Los Angeles Times, Sept. 29, 2016–Khouri, Andrew
Los Angeles city attorney had sued bank over decrepit properties.
Deutsche Bank, U.S. DOJ Continue to Discuss Mortgage-Securities Settlement
Wall Street Journal, Oct. 2, 2016–Strasburg, Jenny; Viswanatha, Aruna
No deal yet between Deutsche Bank, Department of Justice.
Fannie’s Biz at 3-Yr High, Delinquency at 8-Yr Low
Mortgage Daily, Sept. 30, 2016
August secondary activity up 11% from July.
Will FHA’s Auditors Have Good News in November?
National Mortgage News, Sept. 30, 2016–Collins, Brian
Strong home sales are boosting originations of Federal Housing Administration loans and opening the door for first-time buyers.
FHA Loans Lead the Decline in Defect Risk
National Mortgage News, Sept. 30, 2016–Passy, Jacob
Federal Housing Administration loans lead the decline in mortgage application defect risk, First American Financial Corp. reported.
TRID One Year Later
HousingWire, Oct. 3, 2016–Swanson, Brena
MBA Senior Vice President Pete Mills called TRID a “massive undertaking” but noted impact on consumers was mitigated because lenders prepared for rule.