Judge tosses whistleblower letter, limits discovery in Zillow-Move suit

Judge tosses whistleblower letter, limits discovery in Zillow-Move suit

Motions to limit subpoenas, strike letter benefit Zillow in legal row

San Francisco leads the nation in property bidding wars

Well above national average

FHFA opens door for potential Fannie, Freddie CEO raises

Industry and politicians criticize proposal
W S

Lending

Claren Financial: The mortgage market faces 3 more years of recovery

Regulation’s role in lending conditions
Brena Swanson
It will be about three years until the mortgage lending environment returns to a healthy level and reaches a strong equilibrium. Until then, here’s what's impacting current lending conditions.
Read More

Solutionstar re-launches as one-stop shop for homes and mortgages

Nationstar CEO: We expect to revolutionize real estate
Ben Lane
The Zillow Group, Realtor.com, Redfin and every other site battling for the online real estate title are about to have a new competitor to worry about, and the new kid on the block is expecting to “revolutionize the way real estate transacts.” But this new kid isn’t a start-up, it is backed by one of the industry’s largest players – Nationstar Mortgage Holdings.
Read More

Accurate Group launches new appraisal technology

Fewer humans save time and money
Brena Swanson
Accurate Group launched its latest technology solution iValueNet, hoping to give mortgage lenders a choice on interior property inspections to help save time and money.
Read More

Planet Home Lending acquires HomeBridge Funding

Plans on expanding correspondent division product offerings
Brena Swanson
Planet Home Lending announced it is acquiring the employees and assets related to HomeBridge Funding, the correspondent division of HomeBridge Financial Services, helping establish the lender as a fully-integrated mortgage banker.
Read More

Walker & Dunlop earnings skyrocket on record origination volume

Lender prepares for commercial mortgage refinancing wave
Brena Swanson
Walker & Dunlop posted a 198% increase in net income from first quarter 2014, and the lender sees even more opportunity in the future as it prepares for a commercial mortgage refinancing boom.
Read More

Mortgage applications drop 4.6%

Drop in refinancings powers big decline
Trey Garrison
A precipitous drop in refinancing activity led the drag on mortgage applications last week, and despite purchase activity rising, it wasn't nearly enough. Here's what happened.
Read More

FHFA opens door for potential Fannie, Freddie CEO raises

Industry and politicians criticize proposal
Brena Swanson
The CEOs of Fannie Mae and Freddie Mac are in line for a potential pay raise, but the new opportunity has been met with sharp opposition from both the industry and those with political influence.
Read More

Redfin: Here’s how buyers are winning bidding wars

Top competitive markets in the nation
Brena Swanson
Over half of potential buyers will end up in a bidding war to land their future home. To help secure a house, Redfin pinpointed four features of winning offers that help them stand out.
Read More

CFPB: 26 million consumers are ‘credit invisible’

Blacks, Hispanics more likely to have limited credit record
Trey Garrison
The Consumer Financial Protection Bureau found that 26 million Americans are “credit invisible,” meaning they do not have any credit history with a nationwide consumer reporting agency. Here's why they say this is a problem.
Read More

San Francisco leads the nation in property bidding wars

Well above national average
Brena Swanson
One city in California remains an anomaly in the housing market. As the majority of buyer and seller markets in the nation appear to be returning to healthier competition levels, San Francisco is nowhere near normalized.
Read More