Detroit Free Press, Aug. 14, 2016–Tompor, Susan
New rules protect borrowers from taking too much money out of house.
Category: Top National News
PwC Sued for Record $5.5bn for Negligence in Mortgage Fraud Case
The Independent (U.K.), Aug. 15, 2016–Nesmith, Susannah; Pearson, Sophia
World’s biggest financial services firm accused of negligence for failing to spot multi-billion dollar fraud over seven years.
Mortgage Servicing Compliance in the Storm’s Path
Mortgage Compliance Magazine, Aug. 15, 2016
Wave of recent compliance rules/regulations underlines importance of good compliance management system.
Favorable HOA Super Lien Ruling for Lenders
Mortgage Daily, Aug. 15, 2016
Federal appeals court ruling could impact hundreds of HOA super liens in Nevada courts.
AIG Reaches Deal to Sell Mortgage-Insurance Unit to Arch Capital for About $3.4 Billion
Wall Street Journal, Aug. 15, 2016–Scism, Leslie; Lublin, Joann S.
Insurance giant has been speeding up return of cash to restive shareholders.
What Happens When The Mortgage-Servicing Rule Tops The 2,081 Page Count
Value Walk, Aug. 15, 2016–Petrou, Karen
Rules should protect consumers–but lenders also want their money back.
CFPB: Foreclosure Relief Shouldn’t End When HAMP Does
National Mortgage News, Aug. 2, 2016–Berry, Kate
Bureau offers ‘guiding principles’ for mortgage servicers, investors. MBA is working on universal loss mitigation proposal.
What Real Estate Investors Are Bracing For Through Year-End
National Real Estate Investor, Aug. 2, 2016–Bell, Diana
Global capital markets volatility, a continued low interest rate environment and increased financial regulation.
Einhorn Insurer Shifts to Mortgage Bet After Florida Fraud Costs
Bloomberg, Aug. 2, 2016–Basak, Sonali; Foxman, Simone
Greenlight Capital Re looks elsewhere after being burned on fraudulent claims on Florida property policies.
Higher Fee Income Helps Freddie Recover in 2Q
National Mortgage News, Aug. 2, 2016–Collins, Brian
GSE reports $993 million profit, compared to $354 million loss in first quarter.