Washington Post, June 15, 2016–Harney, Kenneth
Want to put solar panels on your roof? A new program could help make that happen, and because it uses long-term mortgage money, the interest rates are similar to those on a regular home loan–currently less than 4 percent if you’ve got good credit.
HousingWire, June 15, 2016–Swanson, Brena
As discussions around the future of the GSEs and possible reductions in mortgage insurance premiums at the Federal Housing Administration start to reach a boiling point, Patrick Sinks, president and CEO of private mortgage insurer MGIC, questioned what FHA’s role should be going forward.
Market Realist, June 15, 2016–Nyitray, Brent
Ever since various state regulators and the Consumer Financial Protection Bureau started leaning on Ocwen Financial (OCN), the servicing industry has been under tremendous regulatory pressure.
National Mortgage Professional, June 16, 2016–Hall, Phil
There is nothing distressing about the latest data regarding distressed home sales. According to CoreLogic, distressed sales accounted for 9.9 percent of total U.S. home sales in March, down 2.7 percent year-over-year drop and a 1.7 percent dip from February.
National Mortgage News, June 16, 2016–Finkelstein, Brad
Lax oversight may have played a part in rising costs to finish the space Fannie Mae will be renting for its new headquarters, a report from the Federal Housing Finance Agency Office of the Inspector claims.
National Mortgage Professional, June 17, 2016–Hall, Phil The Mortgage Bankers Association filed a petition with the Federal Communications Commission seeking to exempt mortgage servicing calls from the prior express consent requirements included in the Telephone Consumer Protection Act.
HousingWire, June 17, 2016–Swanson, Brena
Intercontinental Exchange, ICE, announced on Friday that it plans to acquire a majority equity position in MERSCORP Holdings, the owner of Mortgage Electronic Registrations Systems, collectively known MERS, sending a signal to the market that MERS is finally vindicated.
Bloomberg, June 17, 2016–Geiger, Keri; Farrell, Greg; Schoenberg, Tom
U.S. prosecutors have abandoned their case against Angelo Mozilo, a pioneer of the risky subprime mortgages that fueled the financial crisis, after a two-year quest to bring a civil suit against him.
Multi-Housing News, June 17, 2016–Fiorilla, Paul
For most of the last six months, the top concern of the CMBS market was the “risk-retention” rule mandated by the Dodd-Frank Act that was approved by a host of regulators, including the Federal Reserve and Securities and Exchange Commission. But now some of the concerns about risk-retention are taking a back seat to some of the other regulations dealing with trading and the process of building pools in terms of the impact on pricing and liquidity in the market.
Investor’s Business Daily, June 17, 2016 How large of an investment opportunity is being created by the upcoming Sept. 1 expansion of the familiar 10 major sectors with the debut of a new, 11th sector devoted to real estate, in benchmarks such as the S&P 500 and others run by S&P Dow Jones Indices and MSCI? The impact could be big.
