Jeb Bush: Current housing and debt situation unsustainable

Jeb Bush: Current housing and debt situation unsustainable

Is the clock ticking on the 30-year mortgage?

Senate banking committee passes massive regulatory relief bill

Big implications in legislation for housing and mortgage finance

Existing home sales crater in April, falling 3.3%

Spring buying stalls out after strong March performance
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Lending

Title agent gets 5 years in multimillion-dollar mortgage fraud scheme

Complex mortgage fraud, sham sale and wire fraud web collapses
Trey Garrison
A former real estate title agent was sentenced to 66 months in prison for carrying out a mortgage fraud scheme in which she obtained seven loans, totaling more than $3.7 million.
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Yellen: If nothing changes, expect higher interest rates this year

Contingent on “continued improvement” in labor market conditions
Ben Lane
As predicted by many economists, the Federal Reserve is indeed considering raising the Federal Funds Rate later this year, Fed Chair Janet Yellen said Friday. And if the economy improves as expected, she believes it will be “appropriate” for the Fed to raise the Federal Funds Rate this year, which in turn, would affect mortgage interest rates.
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To Go: Title company closes mortgages on wheels

Mobile closings come to you
A Detroit-area title company is offering what its president says is the area’s first mobile closing vehicle, which brings the closing process to the client instead of the other way around. While mobile mortgage closings are nothing new, this is pretty inventive.
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MBA analysts: April housing starts gain not an outlier

12-month running average shows long-term trend
Trey Garrison
Was April’s housing starts report a one-time high watermark, or part of a longer-term trend for spring? MBA thinks it knows.
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Credit unions applaud bipartisan reform bill on FHLB membership

Would create parity between banks and credit unions, restrict FHFA limits
Trey Garrison
The National Association of Federal Credit Unions is lauding a bipartisan bill that would grant credit unions parity with banks under Federal Home Loan Bank membership criteria. Here’s what’s cooking.
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Jeb Bush: Current housing and debt situation unsustainable

Is the clock ticking on the 30-year mortgage?
Trey Garrison
Presidential candidates are stepping into the national limelight as the race for the White House in 2016 edges closer, and now, finally, the topic of housing is creeping into the conversation.
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Black Knight: Total loans in foreclosure fall to lowest level since 2008

Foreclosure starts drop 22%; prepayments down 15%
Ben Lane
Housing in America is getting healthier, according to a new report from Black Knight Financial Services. Black Knight released its “first look” at the housing data from April, and the report shows that many indicators are trending in a positive direction for housing.
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USPS now one step closer to providing financial services

New white paper proposes 5 ways for post office to enter banking
Ben Lane
The post office is now one big step closer to becoming a financial institution. A new white paper from the United State Postal Service's Office of the Inspector General lays out a series of paths for the post office to enter the banking and financial services sector.
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Ellie Mae report shows continued transition into purchase-driven market

Purchases outpacing refinances again
Ben Lane
As interest rates slowly tick up, purchase originations are now again outpacing refinance originations, according to a new report from Ellie Mae. Here's a look at Ellie Mae's data.
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Senate banking committee passes massive regulatory relief bill

Big implications in legislation for housing and mortgage finance
Trey Garrison
The Senate Committee on Banking, Housing and Urban Affairs passed “The Financial Regulatory Improvement Act of 2015” on Thursday, which will, if it makes it through the bill-making grinder and gets passed into law, bring big changes to the red tape the mortgage finance industry is tied up in.
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