National Mortgage News, Mar. 14, 2016–Wack, Kevin
Prosper Marketplace on Monday announced a three-year agreement to offer financing to consumers making improvements to their homes through the website HomeAdvisor.com.
Category: Top National News
Mortgage Industry Pressing For Permanent Ban on G-Fee Raids
Scotsman Guide, Mar. 14, 2016–Whitman, Victor
Mortgage industry trade groups have renewed a push to prevent future raids on the guarantee fees (g-fees) collected by Fannie Mae and Freddie Mac.
JPMorgan Readies Mortgage-Backed Deal
Wall Street Journal, Mar. 14, 2016–Glazer, Emily
JPMorgan Chase & Co. is trying to sell new securities that would pass along most of the credit risk on $1.9 billion in mortgages, in an attempt to revive a debt market that has been largely left to the government since the financial crisis.
Mortgage Giants Headed for Crisis
The Hill, Mar. 2, 2016–Needham, Vicki
Housing industry experts are sounding the alarm over the increasingly dire financial situation of the federal mortgage giants Fannie Mae and Freddie Mac. “I actually believe it’s really incumbent on Congress to take this up as an issue, thoughtfully, while we have time,” said David Stevens, head of the Mortgage Bankers Association.
Lenders Still Struggling with TRID, Survey Finds
National Mortgage News, Mar. 1, 2016–Collins, Brian
Bankers are still grappling with vendor software problems, longer processing times and delays in mortgage closings as a result of new disclosures that went into effect four months ago, according to a new survey.
In Detroit, People are Urged to Get a Second Mortgage Just to Buy a Home
MarketWatch, Mar. 1, 2016–Goldstein, Daniel
The housing market in Detroit is so weak that a new program has been created to help home buyers take out two mortgages when buying a home – one for the purchase price and one for renovations.
Mortgage Delinquencies Experience Atypical January Spike
DS News, Mar. 7, 2016–Honea, Brian
Most of the news regarding housing fundamentals has been positive in the last two years or so. But mortgage delinquencies rose month-over-month in January for the first time since the housing recovery began.
Fannie Mae to Begin Requiring Trended Credit Data in June, With Rollout of DU 10.0
National Mortgage Professional, Mar. 7, 2016–Clemans, Terry W.
When Fannie Mae rolls out the Desktop Underwriter Version 10.0 over the weekend of June 25, the mortgage industry will begin using a powerful new tool that has been in development for more than a decade and already proven in other markets.
Mortgage Compliance in Perspective
MReport, Mar. 7, 2016–West, Xhevrije
Ocwen Chief Compliance Officer Michael Hollerich discusses compliance trends in the mortgage industry and how the nonbank servicer is creating a revitalized culture of compliance.
Are No Fee Reverse Mortgages A Reality?
Huffington Post, Mar. 7, 2016–Lazar, Michael
Some lenders are actually competing by offering no-fee reverse mortgage loans these days, and it’s not a bad idea for the banks that are involved.