San Francisco leads the nation in property bidding wars

FHFA opens door for potential Fannie, Freddie CEO raises

Industry and politicians criticize proposal

Freddie Mac CEO: Ready for legislative solution

Looking at new risk-sharing deals, FICO alternatives
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Lending

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.
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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.
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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.
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CFPB: 26 million consumer 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.
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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.
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In the world of real estate, Pacquiao beats Mayweather

Pac-Man even takes the furniture
Brena Swanson
Both Floyd Mayweather Jr. and Manny Pacquiao might be legends in the boxing ring, but their fight in the housing market doesn’t tell the same story.
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Interthinx: Mortgage fraud risk rose in 4Q14

Florida leads nation in mortgage scams
Trey Garrison
Like politics, mortgage fraud is local, and the risk varies from location to location because ultimately, mortgage fraud is a crime of opportunity. Here's where the real risk is.
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Freddie Mac reports profit of $524M in first quarter

Marks fourteenth consecutive quarter of positive earnings
Trey Garrison
Freddie Mac reported net income of $524 million for the first quarter of 2015, compared to $227 million for the fourth quarter of 2014. The solid quarter is the 14th in the black for the government sponsored enterprise. Here's how it broke down.
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PRMG adds Phil Gouskos as regional manager

Will oversee Central and Midwest regions
Ben Lane
In this new role, Gouskos will be responsible for originations in the company’s three business channels: residential lending, retail lending and wholesale lending.
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Redwood Trust turns in “disappointing” first quarter

Net income falls from $27 million to $15 million
Ben Lane
Low interest rates sent Redwood Trust's net income down again in the first quarter of 2015, falling from $27 million in the fourth quarter of 2014 to $15 million in the first quarter. In a letter to shareholders, Redwood’s CEO, Marty Hughes, and president, Brett Nichols, said they were “disappointed” by the results of the first quarter.
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