National Mortgage News, Nov. 9, 2015–Finkelstein, Brad
Amid an ongoing shift in pricing strategies in the private mortgage insurance market, Essent Group chairman and CEO Mark Casale is trying to show investors that aggressive pricing tactics aren’t the only way PMI firms compete.
Wall Street Journal, Nov. 9, 2015–Dendrinou, Victoria
Global financial regulators published new rules that aim to stop banks from becoming “too big to fail,” to prevent a repeat of the 2008 financial crisis, when taxpayers had to bail out banks whose collapse would have threatened large-scale financial panic.
National Mortgage News, Nov. 6, 2015–Collins, Brian
While the overwhelming majority of Nationstar Mortgage Holding’s $4.9 billion in home loan originations in the third quarter were conventional loans, that will be changing soon if the company’s chief executive officer has his way.
HousingWire, Nov. 6, 2015–Lane, Ben
For the first time since Fannie Mae and Freddie Mac first established a benchmark interest rate for the standard mortgage modification programs in Jan. 2012, the rate is about to be lower than 4%.
New York Times, Nov. 7, 2015–Saul, Stephanie
White-collar criminals are employing a variety of schemes to snatch properties from their owners. Often, they use the secrecy afforded to shell companies to rent out vacated properties until they are caught or sell them to third parties.
HousingWire, Nov. 5, 2015
Fees charged by Fannie Mae and Freddie Mac to guarantee loans will likely not go to pay for new roads, after the House voted overwhelmingly to remove a controversial portion of a massive transportation bill that would have used g-fees to offset the cost of the bill. The Mortgage Bankers Association praised the House action.
Wall Street Journal, Nov. 5, 2015–Dulaney, Chelsey
Fannie Mae said profit was halved in the third quarter, as declines in long-term interest rates hurt the value of the mortgage-finance company’s derivatives.
Winston-Salem Journal (N.C.), Nov. 5, 2015–Craver, Richard
Wells Fargo & Co. will have to pay $81.6 million in remediation costs for its “repeated failure” to provide homeowners with legally required notices, the Justice Department said Thursday.
HousingWire, Oct. 27, 2015–Gaffney, Jacob
Radian Group announced its net income halved from the same period last year. However, the company remains positive about its growth opportunities in the mortgage insurance business.
National Mortgage News, Oct. 27, 2015–Peters, Andy
HUD plans to sell about $1.3 billion of nonperforming residential loans next month.
