Bloomberg, Aug. 16, 2016–Basak, Sonali; Philip, Agnel
Arch Capital Group CEO Dinos Iordanou said mortgage insurance is once again a “safe bet.”
Category: Top National News
Married Couples Miss a Tax-Code Break for Jumbo Mortgages
Chicago Tribune, Aug. 16, 2016–Harney, Kenneth R.
Federal tax code appears to now favor unmarried partners when it comes to deducting mortgage interest on jointly owned houses.
U.S. Consumer Agency Faces Heat on Financial Arbitration Rules
Reuters, Aug. 16, 2016–Lambert, Lisa
The Consumer Financial Protection Bureau gets criticism from industry and consumers on proposal to block companies from forcing them into arbitration.
SEC Bars Ex-Goldman Trader from Industry in Mortgage Securities Fraud Case
Reuters, Aug. 16, 2016–Barlyn, Suzanne
Edwin Chin barred from industry, pays $400,000 to settle charges that he misled customers.
Big GSE MSR Portfolio Being Offered
Mortgage Daily, Aug. 16, 2016
Total includes 10,200 residential loans with $1.919 aggregate principal balance.
Here’s How Banks’ Commercial Real Estate Exposure Stacks Up
Barrons, Aug. 16, 2016–Rivas, Teresa
Many banks increasing their CRE exposure.
Trade Groups Raise Alarm on PACE Loan Guidance
National Mortgage Professional, Aug. 17, 2016–Hall, Phil
Mortgage Bankers Association, other groups say guidance raises questions about consumer protections, risks to FHA/VA insurance programs.
Proposed TRID Updates: Frustration That CFPB Won’t Address ‘Cure’ Provisions
MortgageOrb, Aug. 17, 2016–Barnard, Patrick
Analysts say legal issues remain unaddressed.
Mortgage Credit Defaults Increase Slightly in July
HousingWire, Aug. 17, 2016–Ramirez, Kelsey
Up by just one basis point, Experian reports.
Macy’s Store Closings to Hit $3.64B of CMBS
National Mortgage News, Aug. 17, 2016–Fest, Glen
Morningstar Credit Ratings warns of hit as Macy’s closes 100 stores.