Housing Wire, Apr. 26, 2016–Stevens, David
We are in a housing crisis. This statement is not meant to invoke a sense of shock; it’s simply an expression of fact.
Category: Top National News
Mortgage REITs are Enjoying a Renaissance
MarketWatch, Apr. 26, 2016–Riquier, Andrea
As the housing market recovers, investors are taking another look at some of the investments derived from bets on mortgage credit. Real estate investment trusts that buy mortgage-backed securities and other income-producers may be ready for their moment.
Market for Mortgage Servicing Rights Heats Up
National Mortgage News, May 2, 2016–Collins, Brian
Servicing rights are high-yielding assets, making them attractive investments for hedge funds, real estate investment trusts and banks.
BofA Says It Settled Seattle Bank Mortgage Suit for $190 Million
Bloomberg, May 2, 2016–Keller, Laura J.
Bank of America Corp. said it reached a $190 million agreement to resolve a six-year-old legal claim from Federal Home Loan Bank of Seattle over mortgage-backed securities sold before the financial crisis.
Goldman Sachs $272 Million Mortgage Pact Approved By Judge
Bloomberg, May 2, 2016–Van Voris, Bob
A federal judge approved Goldman Sachs Group Inc.’s $272 million settlement with investors who claimed the bank misled them about the safety of billions of dollars worth of residential mortgage-backed securities.
Constitutional Challenge Could Be ‘Very Messy’ for the CFPB
American Banker, Apr. 29, 2016–Berry, Kate
A federal appeals court case challenging the constitutionality of the Consumer Financial Protection Bureau is raising concerns that if the agency loses, it could open the floodgates for a flurry of other lawsuits against the CFPB.
Equity is a Sure Sign of Financial Growth
Daily Herald (Chicago), May 1, 2016–Woodard, Jim
Most homeowners are now in a positive mode with their finances. By the end of last year, a million borrowers had regained their lost equity.
How the Court Could Rule in the CFPB Constitutionality Case
National Mortgage News, Apr. 19, 2016–Berry, Kate
Despite a tough public grilling of the Consumer Financial Protection Bureau last week by two D.C. Circuit judges, several legal experts said a ruling against the agency and its director, Richard Cordray, may have a limited impact.
Is TRID Hysteria Over? Time to Close Drops to 12-Month Low
HousingWire, Apr. 20, 2016–Lane, Ben
Despite initial hiccups and headaches, lenders now have this whole TRID thing figured out, as the time to close a loan fell to a 12-month low in March.
Fannie Mae Chief Economist: Affordability is Housing Market’s Top Issue
Jacksonville News & Daily Record, Apr. 20, 2016–Hawkins, Carole
Affordability, not rising interest rates, will be the biggest drag on the housing market in 2016. That’s the news Fannie Mae Chief Economist Doug Duncan delivered Tuesday at the Mortgage Bankers Association of Jacksonville’s monthly meeting.