Mortgage Round Up from OpenClose mortgage lending software

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  • The Senate is postponing work on a mortgage refinancing bill until after they return from the Thanksgiving holiday. Democrats argue the bill will help millions of homeowners and accelerate the economic recovery  The measure, which was expected to be one of the first votes when the upper chamber returned from the recess, is getting pushed off
  • U.S. District Judge Denise Cote in Manhattan rejected Deutsche Bank AG’s bid to dismiss a federal regulator’s lawsuit accusing it of misleading Fannie Mae and Freddie Mac into buying billions of dollars of risky mortgage debt.
  • AIG Chief Executive Officer Bob Benmosches told Reuters that his company is now looking more aggressively at making and purchasing mortgages as investment vehicles.

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