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Top National News

FHFA Previews New High LTV Refi Offering
National Mortgage Professional, Aug. 25, 2016--Hall, PhilOffering more targeted than HARP.
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Struggling Malls Pose Outsized Risk to CMBS
National Mortgage News, Aug. 29, 2016--Fest, Glen For commercial mortgage bond investors, huge risks coming ahead.
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Colony Starwood Homes Sells Off Massive Non-Performing Loan Portfolio
HousingWire, Aug. 29, 2016--Lane, Ben Company basically closes book on its non-performing loan business.
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Florida Court Upholds City’s Rights to Place Liens on Zombie Homes
HousingWire, Aug. 29, 2016--Lane, Ben Court: cities' liens on foreclosed properties aren't extinguished when home is sold.
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New Business Holds Up at Fannie, Delinquency Down
Mortgage Daily, Aug. 29, 2016 July secondary activity off less than 1% from prior month.
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Why Subprime Mortgages Lend Themselves to Securitization
National Mortgage News, Aug. 29, 2016--Bisbey, Allison "Less competition" to acquire subprime loans, analysts said.
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Moody’s: New GSE Mortgage Application Positive for Mortgage Bonds
HousingWire, Aug. 29, 2016--Swanson, Brena Ratings agency says Universal Residential Loan Application will lead to stronger loans.
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Mortgage Debt Continues to Grow
Builder, Aug. 29, 2016 Housing debt, home equity lines of credit grew to $8.8 trillion in second quarter.
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Underwater Homes: a New Meaning
Creators Syndicate Inc., Aug. 27, 2016--Woodard, Jim Zillow report warns climate change could destroy two million coastal U.S. homes.
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Accounting Giant, Mortgage Company Lawyers Reach Settlement
Associated Press, Aug. 26, 2016 PriceWaterhouseCoopers settles claims stemming from Taylor, Bean and Whitaker debacle.
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Unknown Number of Layoffs Ahead at Amherst Mortgage Servicer
Buffalo Business First, Aug. 26, 2016--Kline, Allissa PHH Corp. confirms layoffs coming after company loses subservicing business.
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Ocwen Reaches Offshore Mortgage Servicing Settlement
DS News, Aug. 25, 2016--Baer, Kendall Washington state agency settles with Ocwen over use of offshore unlicensed affiliate companies for mortgage servicing.
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Pre-Crisis Mortgage Bonds Still Haunting Investors
Reuters, Aug. 25, 2016--Wiltermuth, Joy Broken promises and a mountain of debt still punishes many commercial mortgage-backed securities investors a decade later.
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Insurance Concerns: Half the Flooded East Baton Rouge Homes Not in ‘High-Risk’ Areas
The Advocate (Baton Rouge, La.), Aug. 25, 2016--Hardy, Steve Officials estimate 27,500 flood-damaged homes were not required to have flood insurance. 
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S. Jersey-Based PHH Loses 30% of Mortgage Subservicing Business
Philadelphia Business Journal, Apr. 25, 2016--Blumenthal, Jeff HSBC said it will sell 139,000 to a buyer that does not intend to retain it as a subservicer.
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Dickerson: Tweak Mortgage Laws to Protect Homeowners
Houston Chronicle, Aug. 24, 2016--Dickerson, Mechelle U. of Texas professor says Texas legislators should rework state "property preservation" clause that allows lenders to lock out borrowers who are in mortgage default.
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New Plan Would Let FHLBs Accept Expanded Collateral
National Mortgage News, Aug. 24, 2016--Collins, Brian Federal Housing Finance Agency wants to make it easier for Federal Home Loan Banks to accept certain kinds of collateral.
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How to Gracefully Manage TRID Compliance
National Mortgage News, Aug. 24, 2016--Tymesen, Tana Texas loan officer offers a different perspective.
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An Ironic Twist in the Fight Over Mortgage Bond Settlement Cash
Wall Street Journal, Aug. 24, 2016--Ng, Serena Some bonds in dispute have surprising history.
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How a Liquidity Crisis Could Derail the U.S. Mortgage Market
CNBC, Aug. 24, 2016--Marino, Joe Prolonged low rates and dwindling liquidity for loans on the secondary market could grind home sales to a halt again.
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Non-QM Securitization Closes
Mortgage Daily, Aug. 23, 201 Angel Oak Capital Advisors announces $133 million deal.
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McMansions Define Ugly in a New Way: They’re a Bad Investment
Bloomberg, Aug. 23, 2016--Clark, Patrick Shoddy construction, ostentatious design--and low resale values, says Trulia.
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Could Reviving a Defunct Banking Rule Prevent a Future Crisis?
The Atlantic, Aug. 23, 2016--White, Gillian B.; Lam, Bourree Presidential candidates and politicians are touting Glass-Steagall regulation as a solution to the risks posed by big banks.
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California Assembly Approves Survivor’s Rights Bill
National Mortgage News, Aug. 23, 2016--Passy, Jacob Bill defines a mortgage servicer's responsibility when borrower dies and surviving homeowner was not included in loan; California Mortgage Bankers Association opposed the bill, saying it could cause "unnecessary litigation."
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Court Denies U.S. Bid to Rehear Bank of America ‘Hustle’ Mortgage Program
Reuters, Aug. 23, 2016--Raymond, Nate Appeals court refused to reconsider overturning $1.27 billion against BofA.
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Fannie, Freddie Bring Mortgage Application into Digital Age
National Mortgage News, Aug. 23, 2016--Kilgore, Austin New specifications for Fannie Mae and Freddie Mac's common mortgage application add data points and remove obsolete questions.
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Industry Delivers Mixed Response to New Fannie, Freddie Mortgage Application
HousingWire, Aug. 23, 2016--Ramirez, Kelsey MBA President and CEO David Stevens, CMB, says each new form adds "greater complexity."
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