National Mortgage News, Aug. 10, 2016–Berry, Kate
Government Accountability Office says small businesses generally disagree with Bureau’s rules.
Category: Top National News
Morgan Stanley Credited by Monitor with $10.5M in Relief
National Mortgage News, Aug. 10, 2016–Passy, Jacob
Independent monitor okays settlement with New York.
Fannie Mae, Freddie Mac Set New All-Time Low Mortgage Modification Interest Rate
HousingWire, Aug. 10, 2016–Lane, Ben
Benchmark rate now more than one full percentage point lower than it was in 2012.
Nationstar Returns with Sixth Reverse Mortgage ABS
National Mortgage News, Aug. 10, 2016–Fest, Glen
Third securitization this year.
Ocwen Rising: S&P Upgrades Nonbank’s Servicer Rankings
HousingWire, Aug. 10, 2016–Lane, Ben
Agency notes more than dozen “key changes” to company’s operations since last review.
Home Equity Loans Come Back to Haunt Borrowers, Banks
Wall Street Journal, Aug. 11, 2016–Andriotis, Annamaria
Cost of HELOCs take out before housing bust leading to delinquencies.
Walter Investment MSR Sale Drives Public Offering
Mortgage Daily, Aug. 11, 2016
New Residential had acquired mortgage servicing rights to $70 billion in Walter loans.
Over $1.5 Billion in GSE MSRs Up for Bid
Mortgage Daily, Aug. 11, 2016
Offering includes 8,820 government-sponsored enterprise loans.
Captive Insurer Ban Takes Toll on Some Home Loan Banks
National Mortgage News, Aug. 11, 2016–Collins, Brian
Federal Housing Finance Agency rule will force some FHLB members out.
Private Mortgage Insurance Explodes, Passes FHA
HousingWire, Aug. 12, 2016–Lane, Ben
PMI share at 37% in 2Q; FHA share falls to 34%.