HousingWire, Aug. 19, 2016–Swanson, Brena
JPM Paid $645 million from receivership estate.
Category: Top National News
Household Debt Back to Housing Boom Levels
HousingWire, Aug. 19, 2016–Ramirez, Kelsey
Improved credit conditions, tighter standards decrease risk.
SEC Settles Allegations Against Former Fannie Mae CEO for $100,000
Wall Street Journal, Aug. 22, 2016–Viswanatha, Aruna
Daniel Mudd had been accused of misleading investors by downplaying risk of GSE’s foray into subprime loans.
Loosen Reins on Mortgage Insurers for Good of Housing Finance
American Banker, Aug. 22, 2016–Rossi, Clifford
U. of Maryland professor says FHA’s role in market must be clarified to encourage expansion of private capital.
FHA: Take a Page from PMI Playbook to Clarify Defect Rules
National Mortgage News, Aug. 22, 2016–McCall, Phil
COO of ACES Risk Management says private mortgage insurance model works better than FHA model.
Loan Delinquency Rate Up, Potential Home Sales Improve
National Mortgage Professional, Aug. 22, 2016–Hall, Phil
Week’s first reports put housing in decent start.
FEMA Proposes Rules for Construction in Flood Areas
Wall Street Journal, Aud. 22, 2016–Maher, Kris
Federal Emergency Management Agency says construction projects must be built on higher ground.
CMBS Investors Concerned About Overly Aggressive Servicing
National Mortgage News, Aug. 22, 2016–Bisbey, Allison
As volume spikes, so has loans transferred to special servicing.
Walter Investment Sells $535 Million in Mortgage Servicing Rights
HousingWire, Aug. 9, 2016–Ramirez, Kelsey
New Residential Investment will pay $231 million for MSRs and assets of Walter Capital Opportunity, subsidiaries.
Mortgage Debt Declines in Consumer Debt Picture
MReport, Aug. 9, 2016–Honea, Brian
New York Fed says while household debt increased in 2Q, mortgage debt fell.