National Mortgage News, July 28, 2016–McKendry, Ian
Democrats at DNC Convention say reform unlikely.
Category: Top National News
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.
New York Launches Reverse-Mortgage Probe
New York Post, July 29, 2016–Curan, Catherine
Two mortgage firms targeted by Department of Financial Services.
CFPB Punts on TRID Errors, But Offers Plenty More for Lenders
National Mortgage News, July 29, 2016–Berry, Kate
Update does not give lenders ability to correct errors after loan has closed.
Quicken Loans Tops J.D. Power Survey on Mortgage Services
Crain’s Detroit Business, July 29, 2016–Henderson, Tom
Huntington Bank ranks second.