The Hill, Aug. 30, 2016–Stevens, David
MBA President & CEO says position would ensure appropriate national focus on housing.
Category: Top National News
Mortgage Production Profits Up on Employee Expense
Mortgage Daily, Aug. 30, 2016
Mortgage Bankers Association reports average second quarter production up by 37 basis points from first quarter.
Mid America Mortgage to Correspondent Lenders: We’ll Buy Your eNotes
HousingWire, Aug. 30, 2016–Lane, Ben
Company sees opportunity in correspondent channel.
Mortgage Lender Profits Increased In Q2, But Servicers Didn’t Do So Well
MortgageOrb, Aug. 31, 2016
MBA said mortgage lenders nearly doubled profits from first quarter.
HELOCs Increase for 17th Consecutive Quarter
HousingWire, Sept. 1, 2016–Ramirez, Kelsey
ATTOM Data Solutions says fewer loans originated, but up significantly from first quarter.
Squeaky Clean Loans Lead to Near-Zero Borrower Defaults–And That is Not a Good Thing
Urban Institute, Aug. 31, 2016–Goodman, Laurie
Author says lenders must engage again to borrowers with less-than-perfect credit.
Twinkies Made A Comeback, Can Ocwen?
MortgageOrb, Aug. 31, 2016–Caley, Nora
Mortgage servicer Ocwen Financial Corp. has had its well-publicized ups and downs, but the company says it is working to resolve the issues and is moving forward.
Why Many Banks Are Hanging On to FDIC Loss-Share Pacts
National Mortgage News, Aug. 31, 2016–Peters, Andy
Plenty have crisis-era arrangements in place, despite incentives to wind them down.
Commercial, Multifamily Delinquency Rates Low in Second Quarter
National Mortgage News, Sept. 1, 2016–Passy, Jacob
MBA reports commercial/multifamily rates at near 20-year lows.
Another 3-Year High for Agency MBS Issuance
Mortgage Daily, Sept. 1, 2016
August fixed-rate agency issuance $135 billion.