Mortgage Daily, Sept. 6, 2016
Winning bidders announced on four Fannie pools.
Category: Top National News
Should Mortgage Servicing Be Reformed?
DS News, Sept. 6, 2016–Baer, Kendall
Housing Finance Policy Center Co-Director Laurie Goodman says, “this regime pays servicers too much for servicing performing mortgages and too little for servicing nonperforming ones.”
What to Watch Out for with Your Mortgage Servicing Company
The Street, Sept. 6, 2016–Henricks, Mark
Problems with payments head the list of consumer complaints about the companies that service home mortgages.
Security Vulnerabilities Discovered in FHA Systems
HousingWire, Sept. 7, 2016–Lane, Ben
Watchdog review discovers weakness in government’s systems.
Ocwen Fixes Previous Settlement Failures, Faces Two New Failed Tests
HousingWire, Sept. 8, 2016–Swanson, Brena
National Mortgage Settlement monitor notes two new issues.
Of Course Women are More Likely than Men to Pay their Mortgage
HousingWire, Sept. 7, 2016–Ramirez, Kelsey
Urban Institute study proves it’s high time to level the playing field.
Selling a $5 Million, Seven-Story Basket Is No Picnic
Bloomberg, Sept. 7, 2016–Mosendz, Polly
Former headquarters of Longaberger Co. in Ohio is proving to be a tough sell, even with drastic price cuts from its $32 million construction cost.
Can Tom Selleck Convince Seniors Reverse Mortgages Aren’t Too Good to Be True?
AdWeek, Sept. 7, 2016–Klara, Robert
Latest good-guy pitchman for a product with an image problem.
How to Navigate New Jersey’s Foreclosure Crisis
Mortgage Daily, Sept. 7, 2016–Harmon Sperling, Joy
Partner with Day Pitney LLP outlines steps mortgage servicers can take.
Deutsche Bank Nearing Mortgages Settlement with U.S. Authorities: Sources
Reuters, Sept. 9, 2016–Schuetze, Arno; Kroner, Andreas
Justice Department pursuing settlement over alleged past mis-selling of mortgage-backed securities.