Lending

Mortgage servicing drags down Nationstar Mortgage 1Q earnings

Some loss offset by Xome improvements
Nationstar Mortgage Holdings' earnings followed in the steps of Freddie Mac and Walter Investment Management Corporation as its took a hit from the first quarter’s historically low interest rates. However, this didn't ruin the everything, thanks to these key areas of strength.
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Zillow reports record traffic, but bottom line dented by Move/News Corp legal battle

Legal costs drag down Zillow earnings again
Things have never been better for the Zillow Group websites, which includes consumer brands Zillow, Trulia, StreetEasy, HotPads and Naked Apartments, in terms of website traffic, but the company's bottom line was again negatively affected by Zillow’s legal battle against Move, Realtor.com, the National Association of Realtors and News Corp.
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Freddie Mac's rough first quarter will likely embolden calls for GSE reform

Vocal critics of GSE capital structure hold new card to play
If you listen closely, you can hear the noise surrounding the recapitalization and release of the government-sponsored enterprises from conservatorship getting louder thanks to Freddie Mac reporting a loss of $354 million in the first quarter. Now all those who want to see an end to the GSE conservatorship for whatever their particular motivation is have a new card to play. And they will play it.
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New solution provides flood-zone alerts

Pings when property flood-zone status changes
FloodAnalyzer identifies a property’s flood-zone status and performs an analysis. Throughout this process, it uses the most current Federal Emergency Management Agency’s Flood Insurance Rate Maps and Flood Hazard Boundary Maps.
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Former president of Ginnie Mae: Agency should split from HUD

It's time to reconsider Ginnie Mae's role within HUD
Ginnie Mae would be considered a blue-chip institution in the private sector but is unable to plot its own budgetary course, which is a major impediment to growth and stability. Today, Ginnie is a success story. It has outgrown its role as a specialist supporting HUD and, instead, has ballooned to become a core industry driver. Something needs to change.
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Appraisal volume dented by low inventory, tight credit

Four-week moving average increases
Appraisal volume continued to inch higher for the week of April 24, but at a slower pace from the previous week, the latest appraisal volume numbers from a la mode reported. As it stands, appraisal volume continues to be impacted by a tight spring housing market.
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Walter Investment tanks thanks to low interest rates

Posts GAAP net loss of $172.7 million in first quarter, stock plummets
The first quarter's historically low interest rates did more than just negatively impact the earnings of Freddie Mac, which reported a $354 million net loss in the first quarter. The quarter's low rates also obliterated the bottom line of Walter Investment Management Corporation.
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