The Lede
News and Trends
Zillow: 2 Million Homes at Risk of Rising Sea Levels
2% of U.S. Housing Stock Could Be Wiped Off Map by 2100
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FHFA: GSEs Could Need Additional $125B under Worst-Case Scenario
Results of an annual stress test of Fannie Mae and Freddie Mac finances show good news and not-so-good news.
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Equifax: First Mortgage Defaults Hit Nine-Year Low
Puerto Rico Rate Three Times National Level
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Fitch: U.S. REITs Surge, Private Label RMBS Sputter in Low Rate Environment
Private-Label RMBS Recovery Stalls
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MBA News
MBA Education Flood Insurance: Coverage & Claim Perspectives Webinar Aug. 18
Fundamental Concepts of Flood Insurance
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Top National News
The Secret Sauce to Some Home Loan Bank Earnings
National Mortgage News, Aug. 4, 2016--Collins, Brian
Court settlements boosting bottom line at several FHLBs.
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MGIC Delinquent Inventory Decreases More than 20%
HousingWire, Aug. 8, 2016--Ramirez, Kelsey
From 66,000 last year to 52,300 in July.
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Falling Rates Create Bond Call Frenzy
Wall Street Journal, Aug. 8, 2016--Eisen, Ben
Companies, government agencies calling bonds at fastest rate in four years.
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Nearly 650,000 Borrowers to Receive More Money from Independent Foreclosure Review
HousingWire, Aug. 8, 2016--Lane, Ben
Remaining funds to be distributed to borrowers who already received money.
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Fannie, Freddie Could Need $126 Billion in Crisis, Test Shows
Bloomberg, Aug. 8, 2016--Light, Joe
Companies would still have $132 billion in funding remaining.
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MBA CEO: Next Administration has a Clean Slate for Housing
HousingWire, Aug. 5, 2016--Ramirez, Kelsey
David Stevens, CMB, calls 2016 elections 'opportunity to pivot.'
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MSR Adjustments to Pressure Earnings in 2H16: Kroll
National Mortgage News, Aug. 5, 2016--Passy, Jacob
Agency says mortgage servicing rights' impact continues to be felt.
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What Could Replace Freddie Mac and Fannie Mae?
Miami Herald, Aug. 5, 2016--Nehamas, Nicholas
"There has to be structural reform before the market can function," said MBA President and CEO David Stevens, CMB.
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Say Hello to the New Face of CMBS Deals, Courtesy of Dodd-Frank
Forbes, Aug. 4, 2016--Razin, Ely
First risk-retention CMBS deal.
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CFPB: Foreclosure Relief Shouldn’t End When HAMP Does
National Mortgage News, Aug. 2, 2016--Berry, Kate
Bureau offers 'guiding principles' for mortgage servicers, investors. MBA is working on universal loss mitigation proposal.
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Record Ginnie Mae MBS Issuance
Mortgage Daily, Aug. 4, 2016
July issuance up 5% from June.
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Fannie Mae Profit Slides Amid Lower Rates
Wall Street Journal, Aug. 4, 2016--Hufford, Austen
GSE will send $2.9 billion dividend payment to Treasury Department.
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U.S. Appeals Ruling That Throws Out Crisis-Era Bank of America Case
Wall Street Journal, Aug. 4, 2016--Viswanatha, Aruna
Justice Department aims to salvage high-profile mortgage-fraud case against Bank of America.
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Genworth Jumps Most Since 2009 as Mortgage Unit Fuels Profit
Bloomberg, Aug. 3, 2016--Chiglinsky, Katherine
Net income of $172 million beats estimates.
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Foreclosures Drop in New York and New Jersey as Courts Pick Up Pace
Wall Street Journal, Aug. 3, 2016--Barbanel, Josh
Rising home values, easing court logjams signal improvement.
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Why Washington’s Biggest Real Estate Deal Just Collapsed
Washington Post, Aug. 2, 2016--O'Connell, Jonathan
JBG Cos.' proposed $8.4 billion acquisition of New York REIT collapses amid shareholder revolt.
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Higher Fee Income Helps Freddie Recover in 2Q
National Mortgage News, Aug. 2, 2016--Collins, Brian
GSE reports $993 million profit, compared to $354 million loss in first quarter.
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Einhorn Insurer Shifts to Mortgage Bet After Florida Fraud Costs
Bloomberg, Aug. 2, 2016--Basak, Sonali; Foxman, Simone
Greenlight Capital Re looks elsewhere after being burned on fraudulent claims on Florida property policies.
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What Real Estate Investors Are Bracing For Through Year-End
National Real Estate Investor, Aug. 2, 2016--Bell, Diana
Global capital markets volatility, a continued low interest rate environment and increased financial regulation.
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New Rules Aim to Protect Widowed Homeowners from Foreclosure
Los Angeles Times, Aug. 5, 2016--Khouri, Andrew
Consumer Financial Protection Bureu rules would give protections to spouses.
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