National Mortgage Professional, Aug. 25, 2016–Hall, PhilOffering more targeted than HARP.
Category: Top National News
Insurance Concerns: Half the Flooded East Baton Rouge Homes Not in ‘High-Risk’ Areas
The Advocate (Baton Rouge, La.), Aug. 25, 2016–Hardy, Steve
Officials estimate 27,500 flood-damaged homes were not required to have flood insurance.
Pre-Crisis Mortgage Bonds Still Haunting Investors
Reuters, Aug. 25, 2016–Wiltermuth, Joy
Broken promises and a mountain of debt still punishes many commercial mortgage-backed securities investors a decade later.
Ocwen Reaches Offshore Mortgage Servicing Settlement
DS News, Aug. 25, 2016–Baer, Kendall
Washington state agency settles with Ocwen over use of offshore unlicensed affiliate companies for mortgage servicing.
Unknown Number of Layoffs Ahead at Amherst Mortgage Servicer
Buffalo Business First, Aug. 26, 2016–Kline, Allissa
PHH Corp. confirms layoffs coming after company loses subservicing business.
Accounting Giant, Mortgage Company Lawyers Reach Settlement
Associated Press, Aug. 26, 2016
PriceWaterhouseCoopers settles claims stemming from Taylor, Bean and Whitaker debacle.
Underwater Homes: a New Meaning
Creators Syndicate Inc., Aug. 27, 2016–Woodard, Jim
Zillow report warns climate change could destroy two million coastal U.S. homes.
Mortgage Debt Continues to Grow
Builder, Aug. 29, 2016
Housing debt, home equity lines of credit grew to $8.8 trillion in second quarter.
Moody’s: New GSE Mortgage Application Positive for Mortgage Bonds
HousingWire, Aug. 29, 2016–Swanson, Brena
Ratings agency says Universal Residential Loan Application will lead to stronger loans.
Why Subprime Mortgages Lend Themselves to Securitization
National Mortgage News, Aug. 29, 2016–Bisbey, Allison
“Less competition” to acquire subprime loans, analysts said.