Reuters, Aug. 16, 2016–Barlyn, Suzanne
Edwin Chin barred from industry, pays $400,000 to settle charges that he misled customers.
Category: Top National News
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.
Refinances Push Revenues in Home Improvement Industry
HousingWire, Aug. 17, 2016–Ramirez, Kelsey
Homeowner approach to financing shifts.
Industry Experts Talk Emerging Mortgage Servicing Issues
DS News, Aug. 18, 2016–Baer, Kendall
Urban Institute/CoreLogic panel discussion touches on servicing compensation reform, other servicing issues.
S&P: State Regulations Squeeze Mortgage Servicing Profits
Housing Wire, Aug. 19, 2016–Swanson, Brena
“Additional cost and resource allocation from servicers.”