DS News, May 11, 2016–Honea, Brian
Delinquent Notice BHSerious delinquencies on credit cards and auto loans rose in Q1 to levels not seen in the first quarter in the last three years, largely due to the oil slump that impacted the economy in energy-sector states such North Dakota, Oklahoma and Texas, according to TransUnion.
Fannie Mae, Washington, D.C., reported its survey of senior mortgage executives said new mortgage disclosure requirements have given larger lenders a more competitive advantage in the mortgage marketplace.
DS News, May 10, 2016–West, Xhevrije
Quicken Loans, the largest Federal Housing Administration lender in the country, is standing its ground in a government lawsuit for allegedly knowingly submitting claims for hundreds of improperly underwritten FHA-insured loans.
HousingWire, May 10, 2016–Lane, Ben
Homes in some stage of foreclosure and the number of seriously delinquent mortgages are now at levels not seen since late 2007, according to a new report from CoreLogic.
Housing Wire, May 16, 2016
Mortgage rates are forecasted to hover around the 4% level for about another year as the market awaits future Federal Reserve interest rate hikes, Mike Fratantoni, chief economist for the Mortgage Bankers Association, said in a press conference at the MBA Secondary conference in New York City.
National Mortgage News, May 16, 2016–Sinnock, Bonnie
The good news for mortgage lenders: Freddie Mac will soon roll out a suite of tools that should speed loan sales to the GSE. The catch: lenders will have to wait a little longer for a related change that will reduce their liability for buying back defective loans from Freddie.
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.
