HousingWire, Aug. 10, 2016–Lane, Ben
Agency notes more than dozen “key changes” to company’s operations since last review.
Category: Top National News
Home Equity Loans Come Back to Haunt Borrowers, Banks
Wall Street Journal, Aug. 11, 2016–Andriotis, Annamaria
Cost of HELOCs take out before housing bust leading to delinquencies.
Walter Investment MSR Sale Drives Public Offering
Mortgage Daily, Aug. 11, 2016
New Residential had acquired mortgage servicing rights to $70 billion in Walter loans.
Over $1.5 Billion in GSE MSRs Up for Bid
Mortgage Daily, Aug. 11, 2016
Offering includes 8,820 government-sponsored enterprise loans.
Captive Insurer Ban Takes Toll on Some Home Loan Banks
National Mortgage News, Aug. 11, 2016–Collins, Brian
Federal Housing Finance Agency rule will force some FHLB members out.
Private Mortgage Insurance Explodes, Passes FHA
HousingWire, Aug. 12, 2016–Lane, Ben
PMI share at 37% in 2Q; FHA share falls to 34%.
Reverse Mortgages Get a Second Look in Retirement
Detroit Free Press, Aug. 14, 2016–Tompor, Susan
New rules protect borrowers from taking too much money out of house.
PwC Sued for Record $5.5bn for Negligence in Mortgage Fraud Case
The Independent (U.K.), Aug. 15, 2016–Nesmith, Susannah; Pearson, Sophia
World’s biggest financial services firm accused of negligence for failing to spot multi-billion dollar fraud over seven years.
Mortgage Servicing Compliance in the Storm’s Path
Mortgage Compliance Magazine, Aug. 15, 2016
Wave of recent compliance rules/regulations underlines importance of good compliance management system.
Favorable HOA Super Lien Ruling for Lenders
Mortgage Daily, Aug. 15, 2016
Federal appeals court ruling could impact hundreds of HOA super liens in Nevada courts.