Albuquerque Journal (N. Mex.), Oct. 22, 2015–Ponder, Crissinda (Bankrate.com)
Mortgage credit availability has increased, meaning that lending standards have somewhat loosened for most of 2015, according to the Mortgage Bankers Association’s Mortgage Credit Availability Index.
Mortgage News Daily, Oct. 22, 2015–Swanson, Jann
The timing of Freddie Mac CEO Donald Layton’s column indicates it was intended as a bit of a counterpoint White House officials’ remarks at the recent MBA Annual Convention.
National Mortgage News, Oct. 22, 2015–Finkelstein, Brad
A pair of title insurers expect to suffer from TRID implementation hangover in the fourth quarter as the slowdown in mortgage applications related to implementation will affect them as well.
National Mortgage News, Oct. 22, 2015–Berry, Kate
Mortgage servicer Ocwen Financial failed four servicing tests in the second half of 2014 but is “beginning to show progress” in fixing its problems, said Joseph A. Smith Jr., the monitor of the $25 national mortgage settlement.
Mortgage Orb, Oct. 21, 2015–Barnard, Patrick
I just returned from the Mortgage Bankers Association’s 2015 Annual Convention and Expo held in San Diego and I must say this year’s conference was the best of the three I’ve attended.
Mortgage Orb, Oct. 22, 2015–Barnard, Patrick
In a speech during the Mortgage Bankers Association’s 2015 Annual Convention and Expo in San Diego, Consumer Financial Protection Bureau Director Richard Cordray said regulators should perhaps be paying more attention to the impact vendor errors can have on lender’s ability to comply with new regulations.
HousingWire, Oct. 21, 2015–Bell, Michael; Liss, Elliot
The run up to the Oct. 3 “live” date for TRID could be a case study in client-vendor relations in the mortgage industry.
National Mortgage News, Oct. 20, 2015–Berry, Kate
Housing finance reform in Congress is stalled, but Fannie Mae and Freddie Mac (often under pressure from their regulator) are forming partnerships, developing new products and finding ways to share risk with the private sector to correct flaws in the housing system.
National Mortgage News, Oct. 20, 2015–Collins, Brian
Private mortgage insurers are seeking a larger share of the credit risk on Fannie Mae and Freddie Mac-guaranteed loans.
National Mortgage News, Oct. 20, 2015–Finkelstein, Brad
Ginnie Mae’s limited resources are going to be focused on working with its existing issuers, especially those that are not creating new securities, according to its president, Ted Tozer.
