Category: Top National News

HousingWire, Mar. 31, 2016–Swanson, Brena
The initial shockwave from TRID is over, replacing beginning fears and worries with solid evidence of what the new rule is doing to the mortgage industry.

Wall Street Journal, Mar. 31, 2016–Zeng, Min
Bond investors are bracing for a turbulent second quarter as they struggle to reconcile surging U.S. employment with some of the lowest bond yields in years.

Wall Street Journal, Apr. 4, 2016–Carney, John
The chances of Fannie Mae and Freddie Mac being released from conservatorship are extremely low, Carney says. A far more probable outcome: that they get wound down and replaced by a new system, perhaps along the line of the National Mortgage Reinsurance Corporation recently outlined in a paper by Jim Parrott, Lew Ranieri, Gene Sperling, Mark Zandi and Barrry Zigas.

Pensions and Investments, Apr. 4, 2016–Jacobius, Arleen
Institutional investors are moving back into residential mortgage-backed securities, even as lawsuit settlements are giving them back some of the money they lost on RMBS investments made before the financial crisis.

World Property Journal, Apr. 1, 2016–Rachid, Monsef
According to the Mortgage Bankers Association’s latest Commercial/Multifamily DataBook, the fourth quarter was the fourth highest quarter for borrowing and lending on record.

Bloomberg, Apr. 1, 2016–Levine, Matt
The MetLife decision counts as a loss for the post-crisis system of trying to create systemic stability by prudentially regulating (and/or shrinking) too-big-to-fail firms. The GE application surely counts as a victory.

Buffalo News (N.Y.), Apr. 2, 2016–Glynn, Matt
The state Department of Financial Services found delays at different steps of the legal process, with each side blaming the other for repeated postponements. New York, like about half of all states, has a judicial process for foreclosures, meaning the cases wind through court, with a judge overseeing the proceedings.

Reuters, Apr. 1, 2016–Wiltermuth, Joy
Deutsche Bank and JPMorgan stripped out non-bank collateral on their latest commercial mortgage bond before it was sold to investors, winning favor with the simpler structure in a market scarred by volatility and regulatory pressures.

American Banker, Mar. 22, 2016–Aukamp, William
The author, a lawyer with Werb & Sullivan, says the mortgage regulatory burden providing a disincentive for banks to offer residential mortgage loans and for attorneys from wanting to represent lenders and borrowers in these transactions.

National Mortgage News, Mar. 22, 2016–King, Aaron
While companies continue to make three big blunders in hiring and managing third-party vendors, there are reliable ways to avoid these mistakes altogether using existing technology.