Wall Street Journal, Feb. 18, 2016–Dulaney, Chelsey; Light, Joe
Mortgage-finance company Freddie Mac said it would send a $1.7 billion payment to the Treasury in March as it reported a higher profit for the fourth quarter, driven by increased interest rates.
HousingWire, Feb. 19, 2016–Wheeler, Sarah
The threat of a security breach is real and growing. Experts on a panel at the Mortgage Bankers Association Mortgage Servicing conference on Thursday outlined the threat trends facing the mortgage industry and what companies could do to make their companies safer from a cyber attack.
Scotsman Guide, Feb. 19, 2016–Whitman, Victor
Federal Housing Finance Agency Director Mel Watt warned this week that the government’s course of eliminating Fannie Mae and Freddie Mac’s capital buffers could lead to future taxpayer bailouts of the government-sponsored enterprises that could destabilize the housing market.
HousingWire, Feb. 19, 2016–Lane, Ben
The Treasury Department announced Friday it is boosting the Hardest Hit Fund by as much as $2 billion to a number of states, citing the need to continue to support the recovery from the housing crisis in the communities that were impacted the most.
National Mortgage News, Feb. 19, 2016–Sinnock, Bonnie
The Consumer Financial Protection Bureau acknowledges that gearing up for the Truth in Lending Act/Real Estate Settlement Procedures Act integrated disclosures has been tough, and it promises to consider that fact in exams.
HousingWire, Feb. 19, 2016–Lane, Ben
Ocwen Financial is about to add a big name to its board of directors, as the nonbank announced Friday that Carol Galante, the former commissioner of the Federal Housing Administration, is set to join the company’s board.
MortgageOrb, Feb. 19, 2016
The delinquency rate (30 days or more past due) for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.77% of all loans outstanding at the end of the fourth quarter, according to the Mortgage Bankers Association’s National Delinquency Survey.
Wall Street Journal, Feb. 19, 2016–Dulaney, Chelsey; Light, Joe
Fannie Mae will send $2.9 billion to the U.S. Treasury Department in March, as profit grew in its fourth quarter because of the impact of increased interest rates.
National Mortgage Professional, Feb. 17, 2016–Grant, RickMortgage Bankers Association Vice-Chairman J. David Motley, CMB., president of Colonial Savings F.A., focused on the high cost of loan servicing and its correlation to increased regulatory oversight at the MBA National Mortgage Servicing Conference and Expo 2016.
National Mortgage News, Feb. 12, 2016–Finkelstein, Brad
United Guaranty reported pretax operating income of $644 million for 2015 while its new insurance written increased by 21%.
