Google prepares to launch mortgage comparison tool

Google prepares to launch mortgage comparison tool

“Compare” service for mortgages already in use in the U.K.

Definitely the best Beige Book coverage on housing and mortgage finance

Thank you, Vince Vaughn

Goldman Sachs just nailed millennial homebuying

Publishes animated graph day before housing conference
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Lending

Google prepares to launch mortgage comparison tool

“Compare” service for mortgages already in use in the U.K.
Ben Lane
It’s beginning to look like Google launching a mortgage payment calculator was the first step in a much larger plan to expand the online giant’s footprint in the mortgage market. According to a report from Gigaom, Google is preparing to launch a mortgage comparison tool via its Compare service.
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More MLSs give Zillow direct home listings

Continues efforts to counter pending loss of ListHub data
Ben Lane
With ListHub-provided listings set to disappear from Zillow in just over a month, the Zillow Group is continuing in its efforts to secure listing agreements with multiple listing services to provide listing data directly to Zillow. Here are the latest members of Zillow’s Partnership Platform.
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Definitely the best Beige Book coverage on housing and mortgage finance

Thank you, Vince Vaughn
Trey Garrison
Lending was up and home sales increased in most of the 12 Federal Reserve districts, according to the latest Beige Book released Wednesday. Here’s how it broke down, with thanks to a few Hollywood stars.
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Goldman Sachs just nailed millennial homebuying

Publishes animated graph day before housing conference
Jacob Gaffney
Anyone need to know everything about millennials, homebuying, and their spending profiles? Oh, but you only have less than 60 seconds? Head to this hugely educational, animated graph on the Goldman Sachs website.
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Capital Economics on mortgage apps: Nowhere to go but up

Fundamentals point to upswing over the long haul
Trey Garrison
Mortgage rates finished February flat after a very down run through the bulk of the month. While some are concerned, here are a few reasons other analysts are much more optimistic.
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Mortgage applications hold the line

Last week of February sees a stop to declines
Trey Garrison
After three weeks of steady declines, mortgage applications held steady in final week of the month. Here’s what happened.
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JPMorgan Chase: Hold the phone on those DOJ robo-signing charges

Claims DOJ misrepresented settlement agreement
Ben Lane
JPMorgan Chase is pushing back at the Department of Justice’s claims that it admitted to misfiling more than 50,000 payment change notices in bankruptcy courts that were “improperly signed, under penalty of perjury, by persons who had not reviewed the accuracy of the notices.” According to Chase Vice President and Head of External Communications Jason Lobo, Chase made no such admissions, despite agreeing to the settlement.
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Accenture LOS update brings lenders closer to online mortgages

New release includes e-signature technology
Brena Swanson
Accenture introduced the latest update to its loan origination system, Loan Fulfillment Center, by Accenture Mortgage Cadence, helping lenders in the industry get closer to an entirely web-based mortgage process.
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Fidelity increases stake in LandCastle Title

Total cost of bailout rises to $22 million
Ben Lane
It turns out that $19 million wasn’t enough to cover the shortages in the escrow accounts of LandCastle Title. Fidelity National Financial disclosed that it funneled an additional $3 million to LandCastle in the fourth quarter, and acquired an additional 5% stake in LandCastle, bringing its total bailout to $22 million.
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House Committee grills Cordray on QM, mortgage regulations

Republicans still want more accountability, Democrats push back
Trey Garrison
CFPB Director Richard Cordray made his semi-annual appearance before Congress, and it was everything you think it would be. Here's the story.
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