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Top National News

Will Trump Tackle Housing Finance Reform?
National Mortgage News, Nov. 9, 2016--McKendry, Ian; Sinnock, Bonnie; Finkelstein, Brad Housing was the talk of the campaign two presidential elections ago, but it stayed under the radar in the 2016 race, leaving plenty of room to speculate about President-elect Donald Trump's likely mortgage policy for the next four years.
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Trump Has No Plans to Change the MID: Economic Adviser
National Mortgage News, Nov. 11, 2016--Sinnock, Bonnie; Passy, Jacob Any plans President-elect Donald Trump may have for tax reform don't include cutting the mortgage interest deduction, according to a member of Trump's economic advisory council.
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MSRs On $1.8 Billion in Ginnie Loans for Sale
Mortgage Daily, Nov. 14, 2016 The proposed transaction includes MSRs on 7,237 GNMA II residential loans that had a collective outstanding principal balance of $1.819 billion as of Nov. 9.
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Audit of U.S. Stress Test Ready, May Aid Dodd-Frank Overhaul Fight
Reuters, Nov. 14, 2016--Rucker, Patrick An independent study of the financial costs and benefits of Wall Street 'stress tests' could be released as soon as Tuesday and may strengthen calls to reform U.S. banking rules, sources said.
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Some Mortgage REITs to Benefit from Trump Policies
Barron's, Nov. 14, 2016--Stone, Amey Analysts at FBR & Co. expect commercial mortgage real estate investment trusts to be among the beneficiaries of a Trump presidency as interest rates rise.
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CFPB’s Arbitration, Payday Plans May Be Derailed, Gutted
National Mortgage News, Nov. 14, 2016--Berry, Kate The Consumer Financial Protection Bureau's contentious rulemakings on arbitration and payday lending may be in jeopardy with the change in administrations and continued GOP control of Congress.
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Future of CFPB in Play as Warren Digs In
National Mortgage News, Nov. 14, 2016--McKendry, Ian Sen. Elizabeth Warren, D-Mass., delivered a blunt message to fellow Democrats on Monday, warning them not to support efforts to restructure the Consumer Financial Protection Bureau.
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Full Repeal of Dodd-Frank Unlikely
Philadelphia Inquirer, Nov. 14, 2016--Mondics, Chris President-elect Trump made plain his dislike for the Dodd-Frank Wall Street Reform and Consumer Protection Act financial regulatory law during the campaign and now it appears his administration will move quickly toward making changes.
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Serious Delinquency Mortgages at Lowest Levels Since 2007
World Property Journal, Nov. 14, 2016 The Mortgage Bankers Association reports delinquency rates for first mortgages fell to 4.52 percent at the end of the third quarter.
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How Trump Can Improve The FHA 203(k) Mortgage Program
OurBroker.com, Nov. 14, 2016--Miller, Peter G. One of the most-useful financial options in real estate is the FHA 203(k) loan, a handy bit of mortgage magic that deserves a lot more attention than it gets.
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Nonprime RMBS Different Than Pre-Crisis Securitizations Because of ‘Skin in the Game’
GoRion, Nov. 11, 2016--Curry, Kerry The concept of "skin in the game" for residential mortgage-backed securities took on new meaning in the wake of the nation's financial crisis and has important implications in today's secondary market as we begin to see a nascent return to private-label securitization.
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TRID Behind Buyers Remorse With Mortgage Lenders
Mortgage Daily, Nov. 10, 2016 Although customers who took out a new mortgage are more satisfied this year, a significant share have experienced buyer's remorse.
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What’s Behind a Sudden Foreclosure Spike
CNBC, Nov. 10, 2016--Olick, Diana Foreclosures had been falling steadily to the lowest levels in nine years, but a curious spike in October may be the first sign of a crack in the recovery.
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Fannie, Freddie Shares Soar Even as Fate Remains Foggy
Wall Street Journal, Nov. 13, 2016--Carney, John President-elect Donald Trump has said little of what might happen to them; MBA President and CEO David Stevens says "anyone who thinks they know what Trump thinks about Fannie and Freddie is making it up."
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PHH Settles Alleged Servicing, Origination Abuses
Mortgage Daily, Nov. 9, 2016 Allegations that PHH Mortgage Corp. has been deficient in its mortgage origination and servicing practices in New York have been been settled.
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If It’s Not Broken … Oh Wait, It Is Broken
Mortgage Orb, Nov. 9, 2016--Caley, Nora When Fannie Mae and Freddie Mac reported their earnings for the third quarter, both reported strong returns, but this was not greeted as particularly good news among mortgage industry observers.
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Life Companies Shift Focus for New Year
Colorado Real Estate Journal, Nov. 9, 2016--Salzman, Michael Life companies expected a busy 2016, but when commercial mortgage-backed securities interest rates rose, life companies seized the opportunity to invest loan dollars at relatively attractive yields.
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CFPB’s Precarious Future Under Trump
National Mortgage News, Nov. 9, 2016--Berry, Kate; McKendry, Ian President-elect Donald Trump might attempt to remove Consumer Financial Protection Bureau Director Richard Cordray from his post and boost legislative efforts to weaken its powers.
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How Mortgage Lobby Plans to Influence Trump, Republican Congress
National Mortgage News, Nov. 9, 2016--Passy, Jacob The Mortgage Bankers Association is focused on identifying and reaching out to the "key people who are going to be advising the president," said the David Stevens, the group's president and CEO.
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Mortgage Lenders Hope for Relief From Regulatory Backlash
Wall Street Journal, Nov. 9, 2016--Andriotis, Annamaria MBA President and CEO David Stevens, CMB, said it is possible that a new attorney general appointed by Donald Trump would scale back these lawsuits, lessening risk of regulatory retaliation and possibly paving the way for big banks to return to FHA lending.
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PHH Exiting Private Label Origination Business; Selling Off Ginnie Mae MSRs
HousingWire, Nov. 8, 2016--Lane, Ben According to PHH, it is set to begin the exit from the private-label business and intends that process to be substantially complete by first quarter 2018.
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Re-Performing GSE Mortgages Sold
Mortgage Daily, Nov. 8, 2016 The transaction involves 3,508 Fannie Mae loans with an aggregate principal balance of $789 million.
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Bias Suits Against Banks by Cities May Divide High Court
Bloomberg, Nov. 8, 2016--Stohr, Greg U.S. Supreme Court justices signaled they may divide over the ability of cities to use the Fair Housing Act to sue banks for discriminatory lending practices that contribute to urban blight.
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