National Mortgage News, Aug. 23, 2016–Passy, Jacob
Bill defines a mortgage servicer’s responsibility when borrower dies and surviving homeowner was not included in loan; California Mortgage Bankers Association opposed the bill, saying it could cause “unnecessary litigation.”
The Atlantic, Aug. 23, 2016–White, Gillian B.; Lam, Bourree
Presidential candidates and politicians are touting Glass-Steagall regulation as a solution to the risks posed by big banks.
Bloomberg, Aug. 23, 2016–Clark, Patrick
Shoddy construction, ostentatious design–and low resale values, says Trulia.
Mortgage Daily, Aug. 23, 201
Angel Oak Capital Advisors announces $133 million deal.
CNBC, Aug. 24, 2016–Marino, Joe
Prolonged low rates and dwindling liquidity for loans on the secondary market could grind home sales to a halt again.
Wall Street Journal, Aug. 24, 2016–Ng, Serena
Some bonds in dispute have surprising history.
National Mortgage News, Aug. 24, 2016–Tymesen, Tana
Texas loan officer offers a different perspective.
National Mortgage News, Aug. 24, 2016–Collins, Brian
Federal Housing Finance Agency wants to make it easier for Federal Home Loan Banks to accept certain kinds of collateral.
Houston Chronicle, Aug. 24, 2016–Dickerson, Mechelle
U. of Texas professor says Texas legislators should rework state “property preservation” clause that allows lenders to lock out borrowers who are in mortgage default.
Philadelphia Business Journal, Apr. 25, 2016–Blumenthal, Jeff
HSBC said it will sell 139,000 to a buyer that does not intend to retain it as a subservicer.
