Washington Post, Aug. 2, 2016–O’Connell, Jonathan
JBG Cos.’ proposed $8.4 billion acquisition of New York REIT collapses amid shareholder revolt.
Category: Top National News
Foreclosures Drop in New York and New Jersey as Courts Pick Up Pace
Wall Street Journal, Aug. 3, 2016–Barbanel, Josh
Rising home values, easing court logjams signal improvement.
Genworth Jumps Most Since 2009 as Mortgage Unit Fuels Profit
Bloomberg, Aug. 3, 2016–Chiglinsky, Katherine
Net income of $172 million beats estimates.
U.S. Appeals Ruling That Throws Out Crisis-Era Bank of America Case
Wall Street Journal, Aug. 4, 2016–Viswanatha, Aruna
Justice Department aims to salvage high-profile mortgage-fraud case against Bank of America.
Fannie Mae Profit Slides Amid Lower Rates
Wall Street Journal, Aug. 4, 2016–Hufford, Austen
GSE will send $2.9 billion dividend payment to Treasury Department.
Record Ginnie Mae MBS Issuance
Mortgage Daily, Aug. 4, 2016
July issuance up 5% from June.
The Secret Sauce to Some Home Loan Bank Earnings
National Mortgage News, Aug. 4, 2016–Collins, Brian
Court settlements boosting bottom line at several FHLBs.
Say Hello to the New Face of CMBS Deals, Courtesy of Dodd-Frank
Forbes, Aug. 4, 2016–Razin, Ely
First risk-retention CMBS deal.
What Could Replace Freddie Mac and Fannie Mae?
Miami Herald, Aug. 5, 2016–Nehamas, Nicholas
“There has to be structural reform before the market can function,” said MBA President and CEO David Stevens, CMB.
MSR Adjustments to Pressure Earnings in 2H16: Kroll
National Mortgage News, Aug. 5, 2016–Passy, Jacob
Agency says mortgage servicing rights’ impact continues to be felt.