American Banker, Aug. 22, 2016–Rossi, Clifford
U. of Maryland professor says FHA’s role in market must be clarified to encourage expansion of private capital.
Category: Top National News
FHA: Take a Page from PMI Playbook to Clarify Defect Rules
National Mortgage News, Aug. 22, 2016–McCall, Phil
COO of ACES Risk Management says private mortgage insurance model works better than FHA model.
Loan Delinquency Rate Up, Potential Home Sales Improve
National Mortgage Professional, Aug. 22, 2016–Hall, Phil
Week’s first reports put housing in decent start.
FEMA Proposes Rules for Construction in Flood Areas
Wall Street Journal, Aud. 22, 2016–Maher, Kris
Federal Emergency Management Agency says construction projects must be built on higher ground.
CMBS Investors Concerned About Overly Aggressive Servicing
National Mortgage News, Aug. 22, 2016–Bisbey, Allison
As volume spikes, so has loans transferred to special servicing.
Walter Investment Sells $535 Million in Mortgage Servicing Rights
HousingWire, Aug. 9, 2016–Ramirez, Kelsey
New Residential Investment will pay $231 million for MSRs and assets of Walter Capital Opportunity, subsidiaries.
Mortgage Debt Declines in Consumer Debt Picture
MReport, Aug. 9, 2016–Honea, Brian
New York Fed says while household debt increased in 2Q, mortgage debt fell.
Bankers Charged With TARP Crimes Reach 80
Mortgage Daily, Aug. 9, 2016
More than 199 have faced civil or criminal charges.
Clean Energy Home Loans Have Problems
Tallahassee (Fla.) Democrat, Aug. 10, 2016–Ryan, Terry
Founder of local solar electric initiative cites MBA concerns over FHA Property Assessed Clean Energy program.
Servicing Gets Cheaper and Cheaper
Market Realist, Aug. 10, 2016–Nyitray, Brent
Lower rates, increased prepayments affect servicing valuations.