The Urban Institute, May 16, 2016–Goodman, Laurie; Zhu, Jun
The authors said two-to-four-unit buildings disproportionately provide housing and income to low-income communities and minority owners and renters and suggests that overcorrection by policymakers caused why obtaining these loans has become more difficult.
Mortgage News Daily, May 16, 2016–Swanson, Jann
Despite a mortgage lending environment that is both the most conservative and safest we have ever seen, Mortgage Bankers Association President and CEO David Stevens said on Monday that most lenders feel like the mortgage industry is under attack
Scotsman Guide, May 3, 2016–Whitman, Victor
Freddie Mac reported a loss in the first quarter driven by lower interest rates and widening spreads on mortgage securities. Mortgage Bankers Association President David Stevens said Freddie’s loss underscored the need for Congress to embark on GSE reform.
HousingWire, May 3, 2016–Gaffney, Jacob
Right now, unlike in 2009, the mortgage finance world is at its best, says Freddie Mac CEO Donald Layton, and can only get better.
HousingWire, May 3, 2016–Murin, Joseph
If Ginnie Mae were a privately held or publically traded corporation, it would likely be seeking massive capital investments today in preparation for a new level of growth, says former Ginnie Mae President Joseph Murin.
National Mortgage News, May 3, 2016–Finkelstein, Brad
United Guaranty’s pretax operating income of $163 million benefited from lower mortgage delinquency rates but a decline in refinance originations affected the amount of new insurance written.
National Mortgage News, May 3, 2016–Passy, Jacob
Walter Investment Management Corp. sank into a deeper $172.7 million net loss during the first quarter, as lower interest rates caused pressure on the company’s mortgage servicing rights valuation.
American Banker, May 3, 2016–Berry, Kate
The Consumer Financial Protection Bureau is expected to issue a proposal Thursday that would limit the use of arbitration clauses on millions of financial contracts from cell phones to credit cards to checking accounts.
National Mortgage News, May 4, 2016–Sinnock, Bonnie
Freddie Mac’s second quarterly loss in less than a year makes it clear profitability is getting tougher as it shrinks. But it’s a concern that must be weighed against more long-term efforts to reduce Freddie’s overall credit risk exposure.
National Mortgage News, May 4, 2016–Finkelstein, Brad
PHH Corp. lost $30 million in the first quarter of 2016, as the company took a $10 million pretax reduction to the fair market value of its mortgage servicing rights.
