The New York Times rambles, and mangles mortgages along the way

The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits

WATCH: Trulia stages haunted house for unsuspecting homebuyers

'Tis the season. For screaming.

10 reasons why people don’t get a mortgage

It’s not just because of finances
W S

Lending

Hilco Real Estate Finance sold, rebrands as Jordan Capital Finance

Will focus on “fix and flip” investors; offer lines of credit up to $5 million
Ben Lane
“Following such a successful first year and a half of lending, originating loans in approximately 20 states and rapid expansion of the operations, we decided that the time was right to carefully transition the company to a new capital partner that wanted to aggressively scale the business,” Hilco Real Estate CEO Neil Aaronson said.
Read More

Greenspan: End of tapering will cause market turmoil

Will the Fed end QE?
Brena Swanson
The Federal Open Market Committee meeting minutes are just minutes away from being revealed, potentially announcing the end to Quantitative Easing. Former Federal Reserve Chairman Alan Greenspan said he doesn’t think the Fed can unwind years of extraordinary stimulus without causing turmoil in financial markets.
Read More

This chart shows exactly how student debt blocks housing

The true price of the America dream
Brena Swanson
Not only is the student debt crisis a threat to housing, but it also shows no sign of easing. In fact, it will probably get worse before it gets better, according to one data field.
Read More

MBA Annual has come and gone, but TILA-RESPA is here to stay

What progress have you made one week after the conference?
Matt Corcoran

As you head to complete this phase by Week 28, you not only need to look at how your organization operates internally, but how it operates externally as well with business partners and consumers to ensure regulations around the three-day delivery rule for the Loan Estimate are met.  


Read More

Mortgage revenue decline dents BOK Financial earnings

Mortgage banking revenue totals $27M
Brena Swanson
Although BOK Financial posted a second-quarter net income of $75.6 million, or $1.09 per diluted share for the third-quarter of 2014, its mortgage banking division didn’t do as well.
Read More

Mortgage applications drop 6.6% on jumbo refi decline

Refinancings still account for 65% of activity
Trey Garrison
Mortgage applications decreased 6.6% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending October 24, 2014.
Read More

Stop blaming millennials for housing troubles

They aren’t the only problematic generation
Brena Swanson
While a lot of reports point to millennials as being the problem behind the lag in the housing recovery, there is another cohort turning away from homes even faster: generation X.
Read More

10 reasons why people don’t get a mortgage

It’s not just because of finances
Brena Swanson
While there is still a widespread preference for homeownership in America, 35% of households still rent, and of them, 20% report no intentions to buy. Here’s why.
Read More

MGIC strengthens senior management with three promotions

Also hires chief technology officer
Ben Lane
MGIC Investment Corporation is bolstering its senior management with the promotion of three of its own, Jay Hughes, Sal Miosi and Margaret Crowley.
Read More

WATCH: Trulia stages haunted house for unsuspecting homebuyers

'Tis the season. For screaming.
Jacob Gaffney
Trulia proves that when it comes to real estate, it's what's inside that counts. Here's the video of Trulia scaring a bunch of poor, innocent people who just want a better place to live.
Read More