CFPB analyst cites 'profound' mortgage servicer community impact

FHFA reaches $280 million RMBS settlement with Barclays

RMBS settlement total now exceeds $16 billion

Whalen: Nonbanks are taking over mortgage originations

Regulators "get in the way"
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Lending

SEC charges jailed broker with fraud in real estate scam

April 24, 2014

Vitale allegedly told his investors that their funds were “100% protected” when they were not, and he claimed to be a financial expert with a business degree from Notre Dame. In fact, he never attended college after graduating from Notre Dame High School in West Haven, Conn.


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Where are homebuilders breaking ground?

A regional picture of home construction
April 24, 2014
While it is difficult to gauge the economy across the nation and in regional markets, these two charts from PulteGroup and D.R. Horton help paint a decent picture.
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Malcolm Cisneros adds Dale Martin as senior counsel

April 24, 2014
Martin will join the firm’s real estate transactions and compliance practice group.
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HAMP loans about to reset at higher interest rates

...and will keep climbing
April 24, 2014
Freddie Mac is reminding mortgage servicers that interest rates on some HAMP rescues are about to start to tick higher.
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Housing will not save the U.S. economy

Home price increases aren’t having much impact anyway
April 24, 2014
Princeton economist Atif Mian and the University of Chicago’s Amir Sufi assert the housing industry doesn’t have the depth or capacity to save the U.S. economy. They may be onto something.
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Unemployment down almost half from this week last year

At lowest level since December 2007
April 24, 2014
The total number of people claiming benefits in all programs for the week ending April 5 was 2,922,187. There were 5,065,908 people claiming benefits in all programs in the comparable week in 2013. That’s a drop of 2,143,721, or 42.3% from the same time last year.
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Freddie Mac: Mortgage rates reverse course, rise

Increases amid soft housing data
April 24, 2014
Mortgage rates inched higher after falling two weeks straight following an uptick in the 10-year treasury note and amid a week of soft housing data.
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Old Republic posts quarterly earnings

April 24, 2014
Old Republic's earnings for the first quarter 2014 were boosted by moderately improved performance in general insurance and by the continuation of a strong turnaround in the run-off mortgage guaranty line.
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Whalen: Nonbanks are taking over mortgage originations

Regulators "get in the way"
April 24, 2014
New regulations promulgated by the Consumer Financial Protection Bureau discourage lending by banks and nonbanks alike and are causing loan portfolios and loan securitization volumes to fall steadily, he added.
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Rick Sharga: Is this the end of the housing recovery?

Maybe it wasn’t the snow after all
April 24, 2014
The double whammy over the past few days of flat existing home sales and a disastrous drop in new home sales appears to have dimmed many analysts’ views of the housing market recovery. So is the housing recovery over?
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