National Mortgage News, July 8, 2016–Passy, Jacob
Category: Top National News
Corker, Warner, Bipartisan Senate Coalition to FHFA: Leave GSE Reform to Us
HousingWire, July 11, 2016–Lane, Ben (MBA mention)
Home Equity Levels Rise, But Regional Concerns Linger
National Mortgage Professional, July 11, 2016–Hall, Phil
Many Borrowers Still Owe Too Much on their Homes
HousingWire, July 11, 2016–Ramirez, Kelsey
Who Is Eligible for Principal Reduction?…
HousingWire, July 11, 2016–Lane, Ben
Supreme Court to Consider Miami’s Predatory Lending Suit against Bank of America, Wells Fargo
HousingWire, June 28, 2016–Lane, Ben
The U.S. Supreme Court announced Tuesday that it will hear arguments during its next term on whether the city of Miami can sue Bank of America and Wells Fargo for alleged predatory lending.
Nationstar Collateralizes More Defaulted Reverse Mortgages
National Mortgage News, June 28, 2016–Fest, Glenn
Nationstar Mortgage is issuing its fifth securitization of nonperforming reverse mortgages, a unique esoteric residential mortgage-backed securities class the mortgage servicer has engaged in four previous transactions.
Two More FHLBs Sign Up for MPF Government Loan Program
National Mortgage News, June 28, 2016–Collins, Brian
The Federal Home Loan banks of Topeka and San Francisco signed up to participate in a Mortgage Partnership Finance program that pools and securitizes government-backed loans via Ginnie Mae.
Fed Rejects Morgan Stanley in Annual Stress Test
Fortune, June 29, 2016–Gandel, Stephen
On Wednesday, the Federal Reserve said that Morgan Stanley had to resubmit its stress test for “qualitative” reasons. It was the only U.S. bank not to fully pass this year’s stress test.
Fed Stress Tests Clear 31 of 33 Big U.S. Banks to Boost Returns to Investors
Wall Street Journal, June 29, 2016–Tracy, Ryan; Borak, Donna
U.S. banking units of Deutsche Bank, Santander fail, same as last year; Morgan Stanley’s approval is conditional and bank has to resubmit capital plan.