Mortgage Daily, Aug. 9, 2016
More than 199 have faced civil or criminal charges.
Category: Top National News
Clean Energy Home Loans Have Problems
Tallahassee (Fla.) Democrat, Aug. 10, 2016–Ryan, Terry
Founder of local solar electric initiative cites MBA concerns over FHA Property Assessed Clean Energy program.
Servicing Gets Cheaper and Cheaper
Market Realist, Aug. 10, 2016–Nyitray, Brent
Lower rates, increased prepayments affect servicing valuations.
Most CFPB Small Business Panelists Disagree with Agency Rules: GAO
National Mortgage News, Aug. 10, 2016–Berry, Kate
Government Accountability Office says small businesses generally disagree with Bureau’s rules.
Morgan Stanley Credited by Monitor with $10.5M in Relief
National Mortgage News, Aug. 10, 2016–Passy, Jacob
Independent monitor okays settlement with New York.
Fannie Mae, Freddie Mac Set New All-Time Low Mortgage Modification Interest Rate
HousingWire, Aug. 10, 2016–Lane, Ben
Benchmark rate now more than one full percentage point lower than it was in 2012.
Nationstar Returns with Sixth Reverse Mortgage ABS
National Mortgage News, Aug. 10, 2016–Fest, Glen
Third securitization this year.
Ocwen Rising: S&P Upgrades Nonbank’s Servicer Rankings
HousingWire, Aug. 10, 2016–Lane, Ben
Agency notes more than dozen “key changes” to company’s operations since last review.
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.