The Lede
News and Trends
FHA to Insure Mortgages on Some Properties with PACE Assessments
The Federal Housing Administration yesterday announced guidance designed to clarify circumstances under which it will insure mortgages on properties that include Property Assessed Clean Energy (PACE) assessments. The Mortgage Bankers Association expressed concerns.
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Morningstar: With Private-Label RMBS Stymied, Nontraditional Deals Take Charge
'Seasoned' Deals See Eightfold Increase from Year Ago
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At RNC, Policymakers, Housing Experts Talk Future of Housing
CLEVELAND--With a real estate developer as its party standard-bearer, it's no surprise that the Republican Party this week has made real estate and the economy as one of its key priorities.
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Federal Agencies Issue White Paper on Future of Foreclosure Prevention
With federal homeowner assistance programs set to expire this December, federal agencies yesterday outlined principles to provide a foundation for any future loss mitigation programs.
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MBA’s Stevens to Speak at DNC Event Today & Wednesday
Panel to Discuss Future of Home Lending
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MBA News
Top National News
Republican Party Calls for Significant Changes to Housing in 2016
HousingWire, July 19. 2016--Lane, Ben
Party platform blasts Fannie Mae/Freddie Mac "corrupt business model."
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Payment Reductions Should Continue After HAMP Expires: Regulators
National Mortgage News, July 25, 2016--Collins, Brian
Federal agencies say they will continue to monitor mortgage servicers post-HAMP.
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Consumers With Complaints Flock to CFPB
Wall Street Journal, July 25, 2016--Hayashi, Yuka
Consumer finance agency's complaint portal remains controversial.
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New York Unveils $13 Million Program for Cities’ Fight Against Zombie Homes
HousingWire, July 22, 2016--Lane, Ben
Grant programs uses Morgan Stanley settlement funds.
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Regulators Propose Changes to Consumer Protection Exemptions
National Mortgage News, July 22, 2016--Heltman, John
Federal regulators outline methodologies for TILA exemptions.
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Led by Miami, Mortgage Fraud in Florida Well Above National Level
24/7 Wall Street, July 22, 2016--McIntyre, Douglas A.
Mortgage fraud twice national rate in Miami; 9 of 15 highest rates in Florida cities.
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Is the Mortgage Industry Ready for a Brexit-Driven Refinance Surge?
HousingWire, July 22, 2016--Moreland, Timothy
Another refi surge is a good news/bad news scenario.
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Obama Administration Presents a Look at Life after HAMP
HousingWire, July 25, 2016--Lane, Ben
Report looks at how government agencies want to treat loss-mitigation programs going forward.
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D.C. To Reopen Foreclosure-Prevention Program
Washington Post, July 21, 2016--Lerner, Michele
D.C. Housing Finance Agency Reopening HomeSaver Program.
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Happy 5-Year Anniversary CFPB! Will You Make it to 6?
HousingWire, July 21, 2016--Swanson, Brena
Election results could shape future of Bureau.
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Federal Court Renews Pension Fund’s Lawsuit Against Freddie Mac
National Mortgage News, July 21, 2016--Passy, Jacob
Federal appeals court reverses lower court decision.
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HUD to Investigate Down Payment Assistance Program Practices
National Mortgage News, July 21, 2016--Collins, Brian
HUD IG says department is ignoring its own guidelines.
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Republican Platform Softens Stance on Winding Down Fannie, Freddie
National Mortgage News, July 21, 2016--Sinnock, Bonnie
Platform continues to demand for reform.
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What Banks And Borrowers Can Do To Minimize The Risk Of A Commercial Real Estate Bubble
Forbes, July 21, 2016--Razin, Ely
Practice Safe Lending.
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Study Finds New Reverse Mortgage Updates Reduce Default Risk By 50%
Huffington Post, July 20, 2016--Lazar, Michael
Since 2013 regulatory changes, default rates tumbled.
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Lawyers Pass the Bar. Why Don’t We Test Risk Managers?
American Banker, July 20, 2016--Mark, Bob
Author says regulators, risk management practicioners need standardized risk management best practices.
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Private Flood Insurance Bill Has Fannie, Freddie on Edge
National Mortgage News, July 20, 2016--Collins, Brian
Bill passed in House raises Fannie Mae, Freddie Mac concerns over potential losses.
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CFPB’s Impact, Five Years On
National Mortgage News, July 20, 2016--Berry, Kate
Agency shifts from Dodd-Frank rules to other areas.
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Buy Foreclosed Home for $1,000. Sell for $70,000. Repeat
Bloomberg, July 19, 2016--Clark, Patrick
Slavic Village Recovery Project aimes to remove housing blight in Cleveland.
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When It Comes to GSE Reform, There’s No Need to Invent the Wheel
HousingWire, July 19, 2016--Murin, Joseph
Former Ginnie Mae CEO says Fannie Mae, Freddie Mac should be comined into a "super-GSE."
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MGIC Leads Mortgage Insurer Rally on Sales Gain, Housing Rebound
Bloomberg, July 19, 2016--Chiglinsky, Katherine
Radiant, Essent, Genworth Also Surge in Trading
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Obama Boosts Clean Energy Lending That Critics Say Poses Risks
Bloomberg, July 19, 2016--Light, Joe
PACE program promotes clean home energy improvements, but MBA and others say loans could get borrowers into debt they can't afford to repay.
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Pre-Purchase Counseing Proving Helpful
UExpress, July 22, 2016--Sichelman, Lew
Studies validate impact of pre-purchase education.
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