Trending Thursday: Banks make more on mortgages while government steals GSE profits?

Trending Thursday: Banks make more on mortgages while government steals GSE profits?

Yale legal scholars on #FannieGate; homeownership's 50-year low, bank highs and more

Here's how to handle electronic delivery of mortgage disclosures

So many aren't even ready for TRID

Fannie Mae picks non-profit for first small sale of non-performing loans

Completes first “Community Impact Pool” sale
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Lending

Blackstone acquires ‘significant equity stake’ in mortgage insurer PMI Group

Provides PMI Group with loan for right to take part in future equity offerings
Blackstone is increasing its already substantial position in housing again, as funds affiliated with Blackstone Tactical Opportunities are set to acquire a “significant equity stake” in The PMI Group, a provider of mortgage insurance. PMI said that in connection with the purchase of a significant equity stake in PMI, Blackstone will provide PMI with a loan to be used for working capital.
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Sources: loanDepot readies IPO filing

Latest game-changing move gets mortgage market buzzing
Industry sources close to the company said loanDepot is getting ready to file an initial public offering after making significant strides in the industry this year in an attempt and become the No. 1 nonbank consumer lender. Click the above headline to learn about their latest move.
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Trending Thursday: Banks make more on mortgages while government steals GSE profits?

Yale legal scholars on #FannieGate; homeownership's 50-year low, bank highs and more
In a scathing essay in National Review, two Yale legal/business scholars issue a pretty damning indictment of the patina of legality smeared atop the taking of shareholder profits from Fannie and Freddie. Plus, homeownership hits a half-century low while apps grow. What's happening?
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MBA: Mortgage credit ticks up in August

Jumbos the biggest gainers, but coventionals see small boost
Mortgage credit availability increased in August and has increased in eight of the last nine months, mainly on jumbo loan products but also on conforming conventional mortgage loans. Here's the scorecard.
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Friday’s job report doesn’t look promising

Employment still bedevils housing, could delay rate hikes
All the early indicators point to a weak August jobs report. Given the state of concerns over employment and the broader economy, including home sales, talk is going to move to a December rather than September rate hike by the Federal Open Market Committee. Read on.
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RealtyTrac: Nearly 40m homes at high risk of natural disater

Home prices in highest risk areas down 6% in last decade
With California wildfires still burning and the reminder of the 10th anniversary of Hurricane Katrina here, the risk of natural disaster is on the minds of the folks at RealtyTrac. Here's what they found look at the cost and risk for housing markets. Read on.
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ARMCO announces TRID mortgage data comparison tool

Will enable lenders to compare TRID forms to loan origination system data
ACES Risk Management, a web-based financial services quality control software provider, announced the release of TRIDCompare, a data comparison tool specifically designed for the new TILA-RESPA Integrated Disclosure forms.
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Green Tree gone; Ditech merger complete

Walter Investment combines origination and servicing businesses
Green Tree Servicing is gone. Last month, HousingWire reported that Green Tree’s days were numbered, after Green Tree’s parent company, Walter Investment, announced quietly that it planned to merge Green Tree with another of Walter Investment’s well-known subsidiaries, Ditech Mortgage Corp, to form a new company, ditech, a Walter company. Now the merger is complete.
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