HousingWire, Mar. 18, 2016–Swanson, Brena
Fannie Mae announced its first Credit Insurance Risk Transfer transactions of 2016, shifting the credit risk on pools of single-family loans with a combined unpaid principal balance of approximately $19.5 billion to a group of insurers and reinsurers.
DSNews, Mar. 21, 2016–West, Xhevrije
The non-qualified mortgage loan market has originators a bit wary toward borrowers and questioning if the risk is really worth it.
National Mortgage News, Mar. 21, 2016–Sinnock, Bonnie
As a handful of new issuers enter the market and the implementation of a key regulation pave the way for subprime securitization’s comeback, the volume of new loans that are actually available to the market remains a question.
Bloomberg, Mar. 21, 2016–Chiglinsky, Katherine
Genworth Financial Inc. shares gained after bondholders agreed to changes sought by Chief Executive Officer Tom McInerney as he reshapes the insurer and seeks to rebound from losses on long-term care coverage.
Wall Street Journal, Mar. 21, 2016–Light, Joe
The plan approved by the Federal Housing Finance Agency marks the first time that Fannie and Freddie will reduce mortgage balances on a large scale for struggling homeowners since the housing crisis erupted. But it doesn’t go as far as some housing advocates wanted.
Suburban Times (Wash.), Mar. 21, 2016
Monday the House of Representatives passed S. 2393, the Foreclosure Relief and Extension for Servicemembers Act of 2015, to extend foreclosure protection for military homeowners.
HousingWire, Mar. 21, 2016–Swanson, Brena
Nearly six months after the implementation of TRID and the market finally turned a corner as the time to close all loans decreased to 46 days, which is the shortest time to close since May 2015, said Ellie Mae President and CEO Jonathan Corr.
Wall Street Journal, Mar. 8, 2016–Brown, Eliot
New signs of weakness are surfacing in the commercial-property market, ending a half-decade run of improvement with steadily climbing values.
Natonal Mortgage News, Mar. 8, 2016–Peters, Andy
Genworth Mortgage Insurance Corp. plans to change its pricing structure for borrower-paid policies.
HousingWire, Mar. 8, 2016–Olson, Scott
No one should be misled by the lack of comprehensive congressional action into thinking that GSE reform is on hold. Fundamental reforms already have or are now taking place–reforms that reduce risk, protect taxpayers and build on lessons we learned from the 2008 crisis.
