National Mortgage Professional, Aug. 17, 2016–Hall, Phil
Mortgage Bankers Association, other groups say guidance raises questions about consumer protections, risks to FHA/VA insurance programs.
Category: Top National News
Proposed TRID Updates: Frustration That CFPB Won’t Address ‘Cure’ Provisions
MortgageOrb, Aug. 17, 2016–Barnard, Patrick
Analysts say legal issues remain unaddressed.
Mortgage Credit Defaults Increase Slightly in July
HousingWire, Aug. 17, 2016–Ramirez, Kelsey
Up by just one basis point, Experian reports.
Macy’s Store Closings to Hit $3.64B of CMBS
National Mortgage News, Aug. 17, 2016–Fest, Glen
Morningstar Credit Ratings warns of hit as Macy’s closes 100 stores.
Refinances Push Revenues in Home Improvement Industry
HousingWire, Aug. 17, 2016–Ramirez, Kelsey
Homeowner approach to financing shifts.
Industry Experts Talk Emerging Mortgage Servicing Issues
DS News, Aug. 18, 2016–Baer, Kendall
Urban Institute/CoreLogic panel discussion touches on servicing compensation reform, other servicing issues.
S&P: State Regulations Squeeze Mortgage Servicing Profits
Housing Wire, Aug. 19, 2016–Swanson, Brena
“Additional cost and resource allocation from servicers.”
JPMorgan, FDIC, Deutsche Bank Finalize Settlement of WaMu Mortgage Suit
HousingWire, Aug. 19, 2016–Swanson, Brena
JPM Paid $645 million from receivership estate.
Household Debt Back to Housing Boom Levels
HousingWire, Aug. 19, 2016–Ramirez, Kelsey
Improved credit conditions, tighter standards decrease risk.
SEC Settles Allegations Against Former Fannie Mae CEO for $100,000
Wall Street Journal, Aug. 22, 2016–Viswanatha, Aruna
Daniel Mudd had been accused of misleading investors by downplaying risk of GSE’s foray into subprime loans.