National Mortgage News, Aug. 24, 2016–Collins, Brian
Federal Housing Finance Agency wants to make it easier for Federal Home Loan Banks to accept certain kinds of collateral.
Category: Top National News
Dickerson: Tweak Mortgage Laws to Protect Homeowners
Houston Chronicle, Aug. 24, 2016–Dickerson, Mechelle
U. of Texas professor says Texas legislators should rework state “property preservation” clause that allows lenders to lock out borrowers who are in mortgage default.
S. Jersey-Based PHH Loses 30% of Mortgage Subservicing Business
Philadelphia Business Journal, Apr. 25, 2016–Blumenthal, Jeff
HSBC said it will sell 139,000 to a buyer that does not intend to retain it as a subservicer.
FHFA Previews New High LTV Refi Offering
National Mortgage Professional, Aug. 25, 2016–Hall, PhilOffering more targeted than HARP.
Insurance Concerns: Half the Flooded East Baton Rouge Homes Not in ‘High-Risk’ Areas
The Advocate (Baton Rouge, La.), Aug. 25, 2016–Hardy, Steve
Officials estimate 27,500 flood-damaged homes were not required to have flood insurance.
Pre-Crisis Mortgage Bonds Still Haunting Investors
Reuters, Aug. 25, 2016–Wiltermuth, Joy
Broken promises and a mountain of debt still punishes many commercial mortgage-backed securities investors a decade later.
Ocwen Reaches Offshore Mortgage Servicing Settlement
DS News, Aug. 25, 2016–Baer, Kendall
Washington state agency settles with Ocwen over use of offshore unlicensed affiliate companies for mortgage servicing.
Unknown Number of Layoffs Ahead at Amherst Mortgage Servicer
Buffalo Business First, Aug. 26, 2016–Kline, Allissa
PHH Corp. confirms layoffs coming after company loses subservicing business.
Accounting Giant, Mortgage Company Lawyers Reach Settlement
Associated Press, Aug. 26, 2016
PriceWaterhouseCoopers settles claims stemming from Taylor, Bean and Whitaker debacle.
Underwater Homes: a New Meaning
Creators Syndicate Inc., Aug. 27, 2016–Woodard, Jim
Zillow report warns climate change could destroy two million coastal U.S. homes.