HousingWire, Sept. 8, 2016–Lane, Ben
House Financial Services Committee will debate Financial CHOICE Act next week.
Category: Top National News
New Legislation Could Forgive $23B in Flood Insurance Debt
HousingWire, Sept. 8, 2016–Ramirez, Kelsey
Rep. Maxine Waters, D-Calif., says bill would give National Flood Insurance Program a fresh start.
Managing Maturing HELOC Draw Periods
Mortgage Daily, Sept. 8, 2016
Lenders need to monitor home equity lines of credit portfolios.
Two DFW Companies are Embracing Subprime Home Mortgage Business
Dallas Morning News, Sept. 8, 2016–Goldstein, Matthew (New York Times)
Caliber Home Loans, Loan Star Funds targeting less-than-perfect borrowers.
Foreclosure Increase Leads to Rise in Vacant Bank REO
National Mortgage News, Sept. 9, 2016–Passy, Jacob
Vacant bank-owned properties higher than year ago, says ATTOM Data Solutions.
MGIC Delinquencies Down by More than 20%
HousingWire, Sept. 9, 2016–Ramirez, Kelsey
Insurer reports increase in business, decrease in delinquencies.
New Rules to Ensure Mortgage Lenders, Servicers Treat Borrowers Fairly
Philadelphia Inquirer, Sept. 11, 2016–Heavens, Alan J.
Consumer Financial Protection Bureau said new rule will aid servicers and borrowers.
Reinsurance Contract Important for AIG in UG Sale to Arch
National Mortgage News, Sept. 12, 2016–Finkelstein, Brad
The sale is expected to closeby early next year.
Compliance Addressed By Mortgage Industry Experts
DS News, Sept. 12, 2016–Baer, Kendall
Mortgage servicers and other stakeholders in the mortgages space are constantly looking to address their ongoing compliance needs.
Ditech Gives Rejected Loan Applicants a Second Chance
National Mortgage News, Sept. 12, 2016–Passy, Jacob
Walter Investment Management Corp. subsidiary Ditech Financial will begin to enroll a number of rejected loan applicants in a new program aimed at helping people qualify for a mortgage.