DS News, Aug. 25, 2016–Baer, Kendall
Washington state agency settles with Ocwen over use of offshore unlicensed affiliate companies for mortgage servicing.
Category: Top National News
Unknown Number of Layoffs Ahead at Amherst Mortgage Servicer
Buffalo Business First, Aug. 26, 2016–Kline, Allissa
PHH Corp. confirms layoffs coming after company loses subservicing business.
Accounting Giant, Mortgage Company Lawyers Reach Settlement
Associated Press, Aug. 26, 2016
PriceWaterhouseCoopers settles claims stemming from Taylor, Bean and Whitaker debacle.
Underwater Homes: a New Meaning
Creators Syndicate Inc., Aug. 27, 2016–Woodard, Jim
Zillow report warns climate change could destroy two million coastal U.S. homes.
Mortgage Debt Continues to Grow
Builder, Aug. 29, 2016
Housing debt, home equity lines of credit grew to $8.8 trillion in second quarter.
Moody’s: New GSE Mortgage Application Positive for Mortgage Bonds
HousingWire, Aug. 29, 2016–Swanson, Brena
Ratings agency says Universal Residential Loan Application will lead to stronger loans.
Why Subprime Mortgages Lend Themselves to Securitization
National Mortgage News, Aug. 29, 2016–Bisbey, Allison
“Less competition” to acquire subprime loans, analysts said.
New Business Holds Up at Fannie, Delinquency Down
Mortgage Daily, Aug. 29, 2016
July secondary activity off less than 1% from prior month.
Florida Court Upholds City’s Rights to Place Liens on Zombie Homes
HousingWire, Aug. 29, 2016–Lane, Ben
Court: cities’ liens on foreclosed properties aren’t extinguished when home is sold.
Colony Starwood Homes Sells Off Massive Non-Performing Loan Portfolio
HousingWire, Aug. 29, 2016–Lane, Ben
Company basically closes book on its non-performing loan business.