Bloomberg, July 27, 2016–Finch, Gavin
Nears agreement with Justice Department over mortgage-backed securities.
Category: Top National News
Freddie Mac Names Winner of First Structured Loan Sale
National Mortgage News, July 26, 2016–Passy, JacobReached a binding commitment with Chimera Investment Corp.
Fannie Mae: Mortgage Industry Isn’t Even Close to Done with Tech Innovation
Housing Wire, July 26, 2016–Swanson, BrenaCould require a disruptor such as Uber.
Fannie Eases Requirements for HomeReady Program
National Mortgage News, July 26, 2016–Collins, Brian
Relaxed counseling requirements to help additional borrowers qualify.
D.C. Circuit Sets October Argument in Robocall Challenge
Bloomberg BNA, July 27, 2016–Bruce, Chris
MBA among groups challenging how regulators treat “robo-calls.”
CFPB Unveils Overhaul of Debt Collection
Wall Street Journal, July 28, 2016–Hayayshi, Yuka
Targets aggressive debt-collection practices.
Choppy Waters Ahead for Maturing CMBS Loans
National Real Estate Investor, July 27, 2016–Mattson-Teig, Beth
More volatile stretch ahead as more large loans mature.
Servicing Bad Loans Gets Trickier as FHA’s Share of Them Grows
National Mortgage News, July 27, 2016–Sinnock, BonnieFHA share up to 25% at end of 1Q.
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.