A huge portion of the nation’s budget is impacted by housing, which includes what goes on with Fannie Mae and Freddie Mac. Housing experts discussed what the federal government’s conservatorship of the government-sponsored enterprises could mean for the budget. …read more
Monthly Archives:: March 2014
CoreLogic launches loan fraud analysis software
CoreLogic’s new LoanSafe Decision Manager will help lenders identify mortgage fraud risks by utilizing various data sources. …read more
AEI labels Johnson-Crapo the ‘ObamaCare of GSE reform’
The American Enterprise Institute fired the first serious salvo against the proposed GSE reform bill coming out of the Senate Banking Committee, calling it rather damningly the “ObamaCare of GSE reform.” …read more
Mortgage apps decline 1.2% week after big spike
A week after a big spike of almost 10%, mortgage applications fell 1.2%, according to data from the Mortgage Bankers Association’s weekly mortgage applications survey for the week ending March 14, 2014. …read more
Will we ever see a return to normal inventory in Southern California? Current February sales weakest since 2008 and the lack of baby boomers listing properties.
By drhousingbubble The latest sales figures for Southern California show a market with very little action contrary to all the positive news regarding real estate prices. The latest data for February sales shows the weakest February on record only second to February 2008 when the market was fully imploding. To put this into context, we […]
Fitch finalizes ratings guidance on QM securitizations
The criteria help lay the groundwork for the eventual issuance of these residential-mortgage backed securities. …read more
Stewart Title makes first e-closing of FHA loan
Stewart Title performed what is believed to be the first electronically closed FHA loan in partnership with Mountain America Credit Union. …read more
Opposition growing among banks, lawmakers to Camp tax reform proposal
Banking associations, leading financial institutions and now a number of House Republicans are coming out with grave concerns and – in the case of some big banks – outright if still quiet opposition to a comprehensive tax overhaul being proposed by the head of the House Ways and Means Committee. …read more
Houston home sales increase in February
February proved to be a strong month for home sales in the Houston market, according to the Houston Association of Realtors’ monthly report. …read more
Century 21, Google and Videolicious pair up for marketing suite
Century 21 Real Estate launched C21 Social Xchange, in conjunction with agreements with Google and Videolicious, to create a comprehensive social media marketing suite. …read more
Redwood breaks RMBS drought ahead of schedule
The once regular private issuer of jumbo mortgage bonds said it was looking to place a new RMBS in the second half of the year. The latest deal, then, is a little ahead of that schedule. …read more
Do you have what it takes to investigate mortgage fraud for Fannie Mae?
After the U.S. Department of Justice was busted for over inflating just how much focus it was putting on mortgage fraud, Fannie Mae also stepped up with a solution of its own. …read more
Sales down, prices up in RE/MAX February housing report
February home sales slowed in February, while prices increased by double digits over last year, according to the latest from RE/MAX. …read more
Quicken Loans bets a billion dollars on March Madness
Quicken Loans wants to give you a billion dollars. All you have to do is beat odds that are so mathematically impossible that they defy understanding. But, there’s always a chance. …read more
4 ways the Johnson-Crapo bill benefits affordable housing
The Johnson-Crapo bill to reform Fannie Mae and Freddie Mac outpaced past reform options, factoring in special factors to cater to affordability. …read more
Fifth financial executive with ties to JPMorgan found dead
Just over 11 weeks into 2014 there is tragic news that an 11th financial executive has apparently committed suicide. …read more
Where are real estate insiders putting their money on construction?
With mortgage applications at multiyear lows and hitting a two-decade low in late February, it looks like both construction companies and investors are shifting away from single-family housing and towards multifamily housing construction. …read more
Lone Wolf names new chief technology officer
Lone Wolf Real Estate Technologies, a supplier of real estate brokerage management software, hired Rob Overman, who brings 15 years of real estate technology experience to his new role as chief technology officer. …read more
S&P Dow Jones Indices: Default rates drop across the board
Consumer default rates are now stabilizing at levels similar to those seen before the financial crisis, as all five national indices witnessed a drop-off for the month of February. …read more
Real Estate Still Searching for Stability
By Steve As our economy struggles its way through a recovery, real estate is bouncing around in search of stability. Meanwhile, we have been busier than ever and growing to meet increasing demand for our legal services. Today’s Blog will cover where we are at nearly one quarter through 2014. Anyone watching the real estate […]
Servicers officially complete National Mortgage Settlement
Mortgage servicers officially completed the consumer relief obligation of the National Mortgage Settlement and even went over the required terms, providing more than $20 billion in credited relief. …read more
Realtor.com® February 2014 Housing Report: Solid February Gains Point to … – SYS-CON Media (press release)
Realtor.com® February 2014 Housing Report: Solid February Gains Point to …SYS-CON Media (press release)SAN JOSE, Calif., March 18, 2014 /PRNewswire/ — Realtor.com®, a leader in online real estate operated by Move, Inc. (NASDAQ: MOVE), today released its National Housing Trend Report for February 2014. As prices continue to rise, more sellers are … and more […]
Realtor.com® February 2014 Housing Report: Solid February Gains Point to … – PR Newswire (press release)
Realtor.com® February 2014 Housing Report: Solid February Gains Point to …PR Newswire (press release)SAN JOSE, Calif., March 18, 2014 /PRNewswire/ — Realtor.com®, a leader in online real estate operated by Move, Inc. (NASDAQ: MOVE), today released its National Housing Trend Report for February 2014. As prices continue to rise, more sellers are … …read more
How to avoid getting sucked into a force-placed insurance fight
Force-placed insurance is a controversial subject. It pulls big players such as Bank of America into big fights. While it is a necessary function in many instances, the charge for the service often draws ire. Follow these rules to avoid getting sucked into a fight. …read more
Realtors sue Zillow for breach of contract
Move and the National Association of Realtors have filed a lawsuit against Zillow alleging breach of contract, breach of fiduciary duty and misappropriation of trade secrets. …read more