Monday Morning Cup of Coffee: Home price and wage divergence raise alarms

Monday Morning Cup of Coffee: Home price and wage divergence raise alarms

Plus the endgame for two billion-dollar R&W settlements?

The 15 hottest markets for homebuyers and sellers this spring

California dominates list

Changes in FHA multifamily lending requirements squeeze lenders, owners

Pressure trickles down into rent increases in affordable units
W S

Lending

Commercial, multifamily mortgage originations jump 49% in 1Q

Yearly increase driven by GSE, CMBS loans
Trey Garrison
Commercial and multifamily mortgage originations saw a huge annual gain in the first quarter, despite the expected quarter-to-quarter dip. Here's what was behind the push.
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Solidifi acquires Southwest Financial Services

Strengthens Solidifi’s home equity market solutions
Brena Swanson
Solidifi, a provider of residential real estate appraisals, acquired Southwest Financial Services, strengthening Solidifi’s solutions for the home equity market.
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Realogy Holdings reports $1.1B revenue in 1Q

Earnings per share loss better than expected
Trey Garrison
Realogy Holdings Corp. reported a first quarter loss of $0.22 per share, still $0.02 better than analyst expectations of a $0.24 loss as revenues rose 5.5% year over year to $1.1 billion.
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Black Knight: 8% of borrowers underwater

Nearly 30% fewer than last year
Brena Swanson
While the nation’s negative equity situation remains one of overall improvement, negative equity distribution varies considerably depending upon geographical location.
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ditech promotes Doug Wilken to divisional manager

Will oversee central region
Ben Lane
In this new role, Wilken will oversee sales in Texas, Oklahoma, Kansas, Missouri, Illinois, Indiana, Ohio, Michigan, Wisconsin and Minnesota.
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Ellie Mae explodes; stock closes at record high

It’s a good time to be an Ellie Mae shareholder
Ben Lane
After turning in another stellar quarter that saw the company’s first-quarter revenue rise 68% over 2014, Ellie Mae rode a wave of positivity to new heights on Friday, closing at a record high. So why is everyone crazy about Ellie Mae?
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What’s the future of Ocwen?

Analysts weigh in on what’s next for the nonbank
Ben Lane
Now that the dust is beginning to settle after Ocwen Financial reported its first-quarter results, industry observers are beginning to question what’s next for the nonbank. Despite the company being back in the black, analysts hold diametrically opposed views of Ocwen’s future.
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'Drug-induced orgy' destroys family's Airbnb rental home

Disturbing video of damage
Brena Swanson
One couple faces one of the worst scenarios after renting their home to strangers on Airbnb. What was meant to be four people soon multiplied as the house descended into a massively destructive orgy. The damage is extensive.
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MGIC names Stephen Mackey chief risk officer

Replaces retiring Lawrence Pierzchalski
Ben Lane
Mackey bring more than 30 years of experience to MGIC. He joins MGIC from JPMorgan Chase, where he most recently served as managing director, firm-wide market risk.
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4 things you need to know about new federal AMC regulations

The future of the appraisal industry
Brian Coester
The final rule is out for appraisal management companies, and Brian Coester, CEO of Coester Valuation Management Services, explains what it means to the industry.
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