National Mortgage News, July 27, 2016–Sinnock, BonnieFHA share up to 25% at end of 1Q.
Category: Top National News
Is there Light at the End of the Tunnel for Ocwen?
HousingWire, July 27, 2016–Lane, Ben
Company takes 2nd quarter loss as it deals with “legacy” issues.
CFPB Breaks Up Debt Collection Plan, Spares Banks for Now
National Mortgage News, July 28, 2016–Berry, Kate
Banks, credit card companies exempt for now.
Dems See Little Hope for Housing Finance Reform
National Mortgage News, July 28, 2016–McKendry, Ian
Democrats at DNC Convention say reform unlikely.
SEC Filing Details Ocwen’s Efforts to Rid Itself of California Mortgage Servicing Restrictions
HousingWire, July 28, 2016–Lane, Ben
Ocwen moves to settle as monitor costs mount.
Radian Grows New Mortgage Insurance Written 60% in Q2
HousingWire, July 28, 2016–Ramirez, Kelsey
Most goes to borrowers with high FICO scores.
Arch MI Wrote $6.42B in Mortgage Insurance in the Second Quarter
HousingWire, July 28, 2016–Swanson, Brena
Net income up to $205.6 million.
Primary Mortgage Servicers Need To See Customer Satisfaction As Cost-Reduction Strategy
ValueWalk, July 28, 2016
Satisfied customers translate into increased profitability.
CFPB Will Update Know Before You Owe Rule
HousingWire, July 29, 2016–Swanson, Brena
MBA President and CEO Dave Stevens, CMB, says rule has “big impact” on borrowers and lenders.
Home-Equity Borrowing Rebounds, But Homeowners Show More Discipline
Columbus Dispatch (Ohio), July 29, 2016–Weiker, Jim
Banks are pitching specials and teaser rates to draw borrowers.