Fannie Mae offers new suite of HomePath financing

Fannie Mae offers new suite of HomePath financing

Goodbye HomePath Mortgage and HomePath Renovation

CNBC video: Home shortage could be due to real estate agents

Pocket listings drag down inventory?

Happy 4th birthday Dodd-Frank! Everyone hates you

How effective has Dodd-Frank really been?
W S

Lending

Fitch: Housing market getting ready to grow

Expects second half upturn, leading to strong 2015
July 22, 2014
In 2015, new home sales should increase by 20.4% over 2014, according to projections from analysts from Fitch Ratings. Existing home sales are also projected to regain the 5% loss expected in 2014.
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Altisource acquires Mortgage Builder, expands technology reach

Follows recent Equator acquisition
July 22, 2014
"The addition of Mortgage Builder's loan origination, servicing and electronic document management software enhances Altisource's current portfolio which provides customers with one of the most comprehensive real estate and mortgage lifecycle management platforms and services marketplaces available," William Shepro, CEO of Altisource, said.
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HUD audits BB&T over government-backed loans

Bank sets aside reserves of $53 million
July 22, 2014
BB&T is under the scrutiny of the U.S. Department of Housing and Urban Development while the housing authority looks into the bank's sales of government-backed loans.
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Kofax launches Mortgage Agility to streamline application process

New solution lets borrowers upload application data from mobile devices
July 22, 2014

Mortgage Agility allows borrowers to upload mortgage application data though mobile devices, then extracts that information and assembles it into a complete mortgage application package that integrates directly into loan origination systems.


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CIT Group, OneWest Bank merge, boost capital position

Grows assets to $67 billion
July 22, 2014
"This transformational transaction will combine CIT's national middle market lending platform with OneWest's wholesale lending and branch banking franchise to create a unique provider of retail and institutional financial services," said John Thain, chairman and CEO of OneWest.
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CNBC video: Home shortage could be due to real estate agents

Pocket listings drag down inventory?
July 22, 2014
Unsold inventory is 6.5% higher than a year ago, when there were 2.16 million existing homes available for sale. Could the hidden 'pocket listing' real estate market be to blame?
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Existing home sales in June down 2.3% YOY

Slight uptick from May brings pace to highest since October 2013
July 22, 2014
Existing home sales declined 2.3% in June 2014 from June 2013, reaching an annual pace of 5 million sales for the first time since October 2013, while rising inventory continues to push overall supply towards a more balanced market, according to the National Association of Realtors.
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Freedom Mortgage originations grow despite industry pullback

Smaller lenders steal more market share
July 22, 2014
As bigger players see a contraction in originations, Freedom Mortgage is recording strong growth.
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Understand when TILA-RESPA tolerances can change

If consumers choose service provider, all bets are off
July 22, 2014
There are circumstances where charges on the Loan Estimate form may change without any violations to the “tolerance” thresholds.
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Real Estate Strategies launches low-balance mortgage solution

Closes sale of more than 1,300 mortgage notes
July 21, 2014
Real Estate Strategies, a brokerage firm, closed the sale of more than 1,300 mortgage notes with an average unpaid balance of $75,000, with a new solution that is designed to address lower balance mortgages.
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