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.
National Mortgage News, Mar. 9, 2016–Karen, Ari
New products and technology can help assure lenders that borrowers better understand their options and participate in lending decisions in real time during the origination process, and track and record those efforts for later use.
Wall Street Journal, Mar. 9, 2016–Rexrode, Christina; Glazer, Emily
Of $109.96 billion of federal fines related to the housing crisis since 2010, roughly $50 billion ended up with the U.S. government with little disclosure of what happened next.
HousingWire, Mar. 9, 2016–Swanson, Brena
The private-label securities market stands nowhere close to where it used to over the past eight years. The Urban Institute addresses in a blog what’s going on in the PLS market, along with the areas that need still need a lot of groundwork in order to revive the market.
Retuers, Mar. 10, 2016–Mukherjee, Aurindom
California’s public pension system, Calpers, said it reached a $130 million settlement with Moody’s and Moody’s Investors’ Service to resolve a case involving inflated grades of residential mortgage deals that later faltered.
