Category: Top National News

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.

Wall Street Journal, Oct. 20, 2015–Light, Joe
Collecting pay stubs for a home-mortgage application has been a time-honored tradition, barring a few ill-fated years running up to the financial crisis. But if changes announced by mortgage-finance company Fannie Mae catch on, that process could go the way of the dodo.

National Mortgage News, Oct. 19, 2015–Finkelstein, Brad
The big game changer in the mortgage industry is the “unquantifiable and increasing regulatory risk,” said Tom Sanzone, Black Knight Financial Services’ CEO at a press conference Monday at the MBA’s Annual Convention in San Diego.

HousingWire, Oct. 19, 2015–Garrison, Trey
The government-sponsored enterprises are getting back to their core mission, shaking the idea that a resolution to conservatorship is just around the corner and reshaping their business models to reduce risk to taxpayers while expanding access to credit. That was the message from Timothy Mayopoulos, president and CEO Fannie Mae and Donald Layton, CEO of Freddie Mac.

CNBC, Oct. 26, 2015–O’Brien, Sarah
Reverse mortgages, once viewed as loans of last resort, are slowly gaining some mainstream respect.

Wall Street Journal, Oct. 26, 2015–Stynes, Tess
DBRS Inc. agreed to pay nearly $6 million to settle Securities and Exchange Commission claims that the credit-ratings firm misrepresented how it monitored ratings of complex real-estate securities over a three-year period.

National Mortgage News, Oct. 26, 2015–Clozel, Lalita
Residential mortgage-backed securities servicers are improving their processes despite generally adverse market conditions, Fitch Ratings said.