Wall Street Journal, Mar. 27, 2016–Andriotis, Annamaria
At hardware stores along the U.S. East Coast in recent weeks, TD Bank has been trying to persuade shoppers to think bigger than paint and plumbing supplies: The bank wants them to start taking cash out of their homes again.
National Mortgage Professional, Mar. 16, 2016–Lykken, David
We need to be held to a higher standard if we want to survive and thrive in a tough economy. The better represented consumers are, the more prosperous they will be. And, as consumers become more prosperous, so can the mortgage industry.
HousingWire, Mar. 16, 2016–Gaffney, Jacob
Consumer Financial Protection Bureau Director Richard Cordray, appearing before the House Financial Services Committee, said consumer complaints against mortgage lenders and servicers are nearly at a half million.
Wall Street Journal, Mar. 15, 2016–Light, Joe
The Federal Housing Administration on Tuesday unveiled a new certification that lenders must attest to when making an FHA-backed mortgage. Mortgage Bankers Association President and CEO David Stevens, CMB, said the changes could “stop the bleeding” of lenders pulling back from the FHA program.
Scotsman Guide, Mar. 15, 2016–Whitman, Victor
CMBS loans aren’t competitive right now against other commercial loan types because of turbulence in the bond markets, analysts say. “Since the beginning of the year, an awful lot of analysts have cut their projections for 2016 by 25 percent to 30 percent or more,” said Jamie Woodwell, MBA’s vice president of research.
National Mortgage Professional, Mar. 15, 2016–Hall, Phil
A coalition of 17 financial and housing trade associations has called on House and Senate leaders to include language in the Fiscal Year 2017 Budget to prevent efforts to use guarantee fees (g-fees) collected by Fannie Mae and Freddie Mac for non-housing purposes. The Mortgage Bankers Association is among the groups.
MultifamilyBiz.com, Mar. 15, 2016
Commercial/multifamily mortgage debt outstanding increased to $2.83 trillion in the fourth quarter, an increase of $59.7 billion, or 2.2 percent, over the third quarter, according to data collected by the Mortgage Bankers Association.
Wall Street Journal, Mar. 15, 2016–Borak, Donna
The chairman of the House Financial Services Committee on Tuesday previewed a Republican plan to revamp the 2010 Dodd-Frank financial overhaul law, a proposal that would ease regulations for community banks and mandate a cost analysis of proposed policy changes.
National Mortgage News, Mar. 15, 2016–Collins, Brian
Ginnie Mae needs more and better paid staff to keep up with growing risks on nonbank seller/servicers, the watchdog agency head said.
HousingWire, Mar. 15, 2016–Gaffney, Jacob
Wall street investment bank JP Morgan is putting together a massive residential mortgage-backed securities deal for the private market.
