Senate Bank Chair weighs sweeping GSE, mortgage lending overhaul

Monday Morning Cup of Coffee: Hurricane Matthew causes billions in insured property losses On-duty cops drank Corona Light and watched football during a ‘hurricane party’ during hurricane – McCready was said to have then put a plastic cup on top of the surveillance camera in an effort to hide the ‘hurricane party.’ They were then joined by the other officers. Shortly after midnight that.MERS wins again; this time in Pennsylvania MERS wins again; this time in Pennsylvania. MERS notches win in Kentucky lawsuit. Pennsylvania judge allows county fee case against MERS. Brena Swanson is formerly the Digital Reporter for.

Mortgage servicers bypass foreclosure delays with more short sales FHA to increase mortgage insurance premiums one quarter of one point KBRA rates third Invitation Homes single-family 2014-SFR2 Senate Bank Chair weighs sweeping GSE, mortgage lending overhaul Summers for Fed chair buzz.

Fannie Mae and Freddie Mac are refinancing fewer mortgages than at any point since the crisis Applying the Multiple Financed Property Policy to DU Loan Casefiles If the borrower is financing a second home or investment property that is underwritten through DU and the borrower will have one to six financed properties, Fannie Mae’s standard eligibility policies apply (for example, LTV ratios and minimum credit scores).Fifth Third Bank promotes Phillip McHugh to head of consumer bank Fifth Third Bancorp (Nasdaq: FITB) announced today that Philip R. McHugh, executive vice president and head of Fifth Third Wealth and Asset Management, has been named to lead its Consumer Bank, comprised of Retail Banking, Mortgage, Auto Lending, Business Banking, Collections and Credit Centers.

Lending Senate Bank Chair weighs sweeping GSE, mortgage lending overhaul Reform package could free smaller lenders, boost common securitization

CoreLogic: Nearly 1 million houses float back into positive equity Nearly 1 million homeowners Regain Equity. DAILY REAL ESTATE NEWS | FRIDAY, SEPTEMBER 26, 2014. Nearly 950,000 homes returned to positive equity in the second quarter, now bringing the total number of residential homes with equity nationwide to more than 44 million, according to CoreLogic’s.

President Obama created a program known as HAMP to encourage mortgage servicers to modify people’s loans and help keep homeowners in their homes. But this program, while a good start, has been plagued by mistakes. Tecora’s mortgage servicer told her [] that her file is closed because she voluntarily left HAMP, but she never did. In other words.

Senate Bank Chair weighs sweeping GSE, mortgage lending overhaul S&P/Case-Shiller: Home prices continue to strengthen Review finds FHA mortgage insurance fund short .5 billion fha reducing mortgage insurance rates this year – FHA reducing mortgage insurance rates this year. That money goes into FHA’s Mutual Mortgage Insurance Fund (MMIF.

"The FHA bailout gives a boost to GSE reform," said Mark Calabria. making fraudulent or inappropriate loans, while the House financial services committee passed its broader mortgage finance bill.

Several Northeastern states now have a higher percentage of loans in foreclosure than California and Arizona. Mortgage Servicing News: In New Jersey, 8% of all loans are in foreclosure, second only to Florida where one-in-ten loans are in foreclosure. And New York is ranked third when it comes to loans in foreclosure.

David Crow and guests discuss how banks are preparing for Brexit, including Bank of America’s costly european restructuring, Citigroup’s property investment in London, as well as the bank’s plans to replace some of its staff with AI and its long term commitment to China. With special guest Anne Finucane, vice chair of Bank of America.

Multifamily Finance 202 with James Eng (Fannie Mae Loan- Advanced Topics) BNY Mellon’s kelly: financial reforms Could Stifle Economic Recovery As Democrats and Republicans in the Senate prepare to tackle a sweeping bank overhaul. the ensuing economic crisis before the.

Ocwen’s road ahead: Well, can’t get any worse Guaranteed Rate hires new SVP of consumer direct sales Guaranteed Rate is a Chicago mortgage banker which allows prospective homeowners to apply for and get approved for a home mortgage online, in addition to providing mortgage calculators, credit.

Senate Banking Committee Approves Fannie, Freddie Overhaul. The Senate Banking Committee approved a bipartisan bill to overhaul Fannie Mae and Freddie Mac, though it was a narrow and likely hollow victory, according to a May 15 article in The Wall Street Journal.