National Mortgage Professional, May 3, 2023–David KrechevskyFor the second time, Ocwen Financial Corp. has beaten a mortgage servicing misconduct lawsuit brought by the Consumer Financial Protection Bureau.https://nationalmortgageprofessional.com/news/ocwen-beats-cfpb-lawsuit-again
Category: Top National News
MBA’s Bob Broeksmit on New GSE LLPA Changes
Scripps TV, May 2, 2023MBA President & CEO Robert Broeksmit, CMB, discusses changes to loan-level price adjustments for Fannie Mae and Freddie Mac that went into effect this week.https://app.frame.io/reviews/7eb8a8d0-dd11-431f-9720-4d142dc11def/7a5259df-de70-4871-ab44-e92c55850024?version=08ea1838-943d-43cd-bc6d-00f46da0ce4a
A Nice Profit Rebound for Fannie. Big Reason: Lower Credit Loss Provisions
Inside Mortgage Finance, May 2, 2023–Dennis HollierWhile most of the mortgage industry struggled mightily to post profits in 1Q, Fannie Mae hit a bit of an earnings home run. Net …
Why RCLCO Encourages SFR Developers to Ready Their Shovels
Multi-Housing News, May 1, 2023–Lew SichelmanCould it be that developers of for-rent single-family houses have only scratched the surface in satisfying demand for their products? It would seem so, according …
Debate Over New GSE Pricing Framework Rages
National Mortgage Professional, May 2, 2023–David KrechevskyThe Federal Housing Finance Agency’s changes to Fannie Mae’s and Freddie Mac’s single-family pricing framework continue to spark debate, with Republicans in Congress filing …
DeSantis Signs Sweeping Anti-ESG Legislation in Florida
Reuters, May 2, 2023–Isla Binnie, Ross KerberFlorida governor Ron DeSantis signed into law on Tuesday a bill barring state officials from investing public money to promote environmental, social and governance …
27 States Ask Biden and FHFA to Scrap Mortgage Fee Increases
WRE News.com, May 1, 2023–Phil HallA coalition of fiscal officers from 27 state governments called President Joe Biden and Federal Housing Finance Agency Director Sandra L. Thompson to jettison the …
Judge Approves Liquidation Plan For RMIT
National Mortgage Professional, May 1, 2023–David KrechevskyA Delaware district federal bankruptcy judge approved a multibillion-dollar business wind-down for Reverse Mortgage Investment Trust, one day after a delay allowed the company …
Brookfield’s Los Angeles Office Company Is Roiled by Defaults
Wall Street Journal, May 1, 2023–Konrad Putzier (subscription)The company, known as Brookfield DTLA Fund Office Trust Investor Inc., owns six Los Angeles office buildings and a retail center. Five of …
Changes are Coming to Some Mortgage Fees Next Month
CNN, Apr. 29, 2023MBA President and CEO Bob Broeksmit, CMB, appears on CNN This Morning Weekend to discuss the current mortgage and housing markets.https://video.snapstream.net/Play/88aVMS8PE8M5EskNpIgTXt?accessToken=jluqrtiu9c6v