Costs up, profits down: Closing a mortgage gets more expensive

Costs up, profits down: Closing a mortgage gets more expensive

In just one quarter the profit dropped $153 per loan

Blogatative Easing: Ben Bernanke, Brookings blogger

Return to the scene of the crime?

Mortgage brokers: Update your stump speech on mortgage lending, Mr. President

NAMB says mortgage brokers have been at forefront of reform
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Lending

CFPB releases 'Know Before You Owe' shopping toolkit

Designed to help buy a home
With the Consumer Financial Protection Bureau’s “Know Before You Owe” mortgage rule soon coming into implementation, the CFPB released a new toolkit to guide consumers through the process of shopping for a mortgage and buying a home.
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Lone Wolf Real Estate secures massive private equity investment

Vista financing to help drive growth
Brena Swanson
Vista Equity Partners announced it is investing in Lone Wolf Real Estate Technologies to help the company as it pursues new market opportunities and expands product development efforts. Right now, Lone Wolf serves nearly 10,000 real estate offices and 250,000 real estate professionals across the U.S. and Canada.
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HUD returns control of Detroit Housing Commission

DHC was in federal receivership for nearly 10 years
Ben Lane
Citing "consistent accountability and progress," the U.S. Department of Housing and Urban Development is finally handing control of the Detroit Housing Commission back to local authorities, after nearly 10 years of federal control.
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Costs up, profits down: Closing a mortgage gets more expensive

In just one quarter the profit dropped $153 per loan
Trey Garrison
The net cost to originate a mortgage is growing and the profit from closing an origination is shrinking, despite growing loan balances and steady loan production. Can you spot the drag?
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Home prices dropped in January from December

Case-Shiller: Troubling that price growth still outpacing wages
Trey Garrison
Home prices are slowing — they grew on an annualized basis but month-to-month they dropped. But the big problem is what's happening with home prices versus wages. Find out why this means trouble.
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More than one-third of America holds no emergency savings

Improving economy still leaves millions on brink of foreclosure
Ben Lane
Despite marked improvement in the economy since the end of the housing crisis, millions of Americans are still on the brink of foreclosure due to a lack of savings. How bad is it?
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Parkside Lending continues growth

Adds three to management team
Ben Lane
In addition to recently adding Robin Gilmore as executive vice president of operational strategy and Joann Berger as underwriting manager, Parkside also announced the additions of Gail Dolton as general counsel, Laurie Spira as chief compliance officer and Jo-Ann Krueger as closing manager.
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Zillow: When ListHub agreement ends, we’ll have most listings ever

New direct listing agreements take Zillow Group to new heights
Ben Lane
Zillow once feared losing a “few hundred thousand” out of the 3.6 million listings on Zillow when the Listhub agreement ends on April 7, but thanks to a set of newly signed direct listing agreements, Zillow and Trulia are now saying that they’re about to host more listings than ever before.
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Clayton Holdings acquires AVM provider Red Bell

Beginning of broader expansion into real estate
Brena Swanson
Clayton Holdings announced it acquired Red Bell Real Estate, and its sister company, Main Street Valuation. According to the president of Clayton, this will serve as the platform and the foundation for new initiatives within the broader real estate market.
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Mortgage brokers: Update your stump speech on mortgage lending, Mr. President

NAMB says mortgage brokers have been at forefront of reform
Trey Garrison
Before there was the Consumer Financial Protection Bureau, mortgage brokers were already getting their house in order, NAMB says. It’s time to stop talking like it’s 2007, they charge.
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