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.
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.
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.
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.
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.
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.
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.
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.
National Mortgage News, Mar. 4, 2016–Peters, Andy
Commercial and multifamily mortgage delinquency rates dropped in the fourth quarter, according to the Mortgage Bankers Association.
Visalia Times-Delta (Calif.), Mar. 4, 2016–Engle, Jeremy
Nearly half, 46 percent, of all U.S. Homeowners with a mortgage, expect their equity will increase in 2016, even though three out of five (60 percent) report equity in their homes has already increased during the last three years of the housing recovery, according to new research conducted for LoanDepot.
