MarketWatch, Apr. 11, 2016–Riquier, Andrea
As government entities like Fannie Mae and Freddie Mac have struggled with the legacies of the housing bust, they’ve sold billions of dollars’ of delinquent notes to big institutional investors, who resell them in turn.
Bloomberg, Apr. 11, 2016–Tan, Gillian
Annaly Capital Management is buying Hatteras Financial, a smaller REIT that buys mortgage debt, in a cash-and-stock deal valued at $1.5 billion.
National Mortgage News, Apr. 11, 2016–Peters, Andy
PHH Corp. in Mount Laurel, N.J., said its loan closing dollar volume will decrease this year, after Bank of America’s Merrill Lynch announced plans to withdraw business from the firm.
National Mortgage News, Apr. 11, 2016–Berry, Kate
Congress should consider giving direct authority over nonbank mortgage servicers to the Federal Housing Finance Agency, according to a report released Monday by the Government Accountability Office.
Wall Street Journal, Mar. 29, 2016–Kusisto, Laura
Miami is facing a condo bust-again. Developers have started canceling projects, slashing prices and offering incentives such as private-jet access to spur sales, an ominous echo of the housing crash that pounded South Florida especially hard.
Wall Street Journal, Mar. 30, 2016–Tracy, Ryan
A federal judge overturned U.S. regulators’ determination that MetLife Inc. poses a threat to the financial system, granting the insurer a victory in its quest to avoid stricter rules and potentially undermining a central part of the 2010 Dodd-Frank law.
HousingWire, Mar. 30, 2016–Swanson, Brena
The mortgage portfolio of the top banks in the market has steadily dwindled over the past two years, according to the Office of the Comptroller of the Currency’s quarterly report on mortgages.
DS News, Mar. 30, 2016–Honea, Brian
Fannie Mae’s gross mortgage portfolio resumed its contraction in February following a rare month of expansion in January, according to the GSE’s Monthly Volume Summary for February 2016.
National Mortgage News, Mar. 30, 2016–Collins, Brian
Bankers are fighting back against a plan that would allow Fannie Mae and Freddie Mac to invest in low-income housing tax credits, arguing they are critical for meeting Community Reinvestment Act requirements.
Wall Street Journal, Mar. 29, 2016–Light, JoeNationstar Mortgage Holdings Inc., which made its name servicing delinquent loans, this summer plans to rename itself “Mr. Cooper.” Foreclosure sales company Auction.com in January rebranded as “Ten-X.” Mortgage-services firm Altisource Portfolio Solutions last year bought rental-data firm RentRange and real-estate-investment website Investability.
