HousingWire, Aug. 31, 2016–Lane, Ben
Securities and Exchange Commission offer potential reward om alleged scheme.
Category: Top National News
Fannie, Freddie Bring Mortgage Application into Digital Age
National Mortgage News, Aug. 23, 2016–Kilgore, Austin
New specifications for Fannie Mae and Freddie Mac’s common mortgage application add data points and remove obsolete questions.
Court Denies U.S. Bid to Rehear Bank of America ‘Hustle’ Mortgage Program
Reuters, Aug. 23, 2016–Raymond, Nate
Appeals court refused to reconsider overturning $1.27 billion against BofA.
California Assembly Approves Survivor’s Rights Bill
National Mortgage News, Aug. 23, 2016–Passy, Jacob
Bill defines a mortgage servicer’s responsibility when borrower dies and surviving homeowner was not included in loan; California Mortgage Bankers Association opposed the bill, saying it could cause “unnecessary litigation.”
Could Reviving a Defunct Banking Rule Prevent a Future Crisis?
The Atlantic, Aug. 23, 2016–White, Gillian B.; Lam, Bourree
Presidential candidates and politicians are touting Glass-Steagall regulation as a solution to the risks posed by big banks.
McMansions Define Ugly in a New Way: They’re a Bad Investment
Bloomberg, Aug. 23, 2016–Clark, Patrick
Shoddy construction, ostentatious design–and low resale values, says Trulia.
Non-QM Securitization Closes
Mortgage Daily, Aug. 23, 201
Angel Oak Capital Advisors announces $133 million deal.
How a Liquidity Crisis Could Derail the U.S. Mortgage Market
CNBC, Aug. 24, 2016–Marino, Joe
Prolonged low rates and dwindling liquidity for loans on the secondary market could grind home sales to a halt again.
An Ironic Twist in the Fight Over Mortgage Bond Settlement Cash
Wall Street Journal, Aug. 24, 2016–Ng, Serena
Some bonds in dispute have surprising history.
How to Gracefully Manage TRID Compliance
National Mortgage News, Aug. 24, 2016–Tymesen, Tana
Texas loan officer offers a different perspective.