Fannie Mae: Collateral Underwriter not disrupting appraisals

FHFA hearing: GOP fear housing policy headed for Crash 2.0

Democrats say affordable housing, more lower-down policies needed

Ocwen: Mortgage bond investors mislead public, push foreclosures

Fires back at “baseless, groundless” charges of mortgage payment negligence
W S

Lending

CFPB issues confidential supervisory information bulletin

Non-disclosure agreements can't hinder CFPB oversight
Brena Swanson
The Consumer Financial Protection Bureau reminded the industry just how much power it has on Tuesday, when it issued a bulletin to supervised financial institutions, including nonbank companies, reviewing regulations about the treatment of confidential supervisory information.
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WATCH: HUD Secretary Castro tells Daily Show FHA’s “trajectory” is strong

FHA’s reserve capital questioned by host Jon Stewart
Ben Lane
HUD Secretary Julián Castro continued his media tour Monday night, joining The Daily Show with Jon Stewart for a wide-ranging discussion touching on the recent announcement that FHA will cut its annual mortgage insurance premiums, whether the government has learned anything from the housing crisis and whether the FHA will need another bailout any time soon.
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Pavaso tech solution delivers closing in under 15 minutes

Digital Close brings parties together to speed up process

“We had to verify the times with the escrow officers because we didn’t believe it at first," said Amy Moser, vice president of mortgage services at Mountain America Credit Union. "Digital closings are proving that secure delivery of documents prior to closing is not only convenient to our members, but extremely effective.”


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Freddie Mac’s Frank Nothaft joins Corelogic as chief economist

Spent last 13 years as Freddie Mac’s chief economist
Ben Lane
After spending nearly 30 years with Freddie Mac, including the last 13 years as Freddie Mac’s chief economist, Frank Nothaft is leaving the government-sponsored enterprise to join Corelogic as the company’s senior vice president and chief economist.
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Fannie Mae: Collateral Underwriter not disrupting appraisals

Appraisers need to see it in action
Brena Swanson
Before appraisers decide to shoot down any positive side to Fannie Mae’s Collateral Underwriter, Fannie said that they need to see it in action. In an exclusive interview with HousingWire, the enterprise explains its true goals behind the launch and how they will benefit the industry.
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Mercury Network: There's no need to freak out about Collateral Underwriter

CU will streamline appraisal review
Jennifer Miller

There are 95 Collateral Underwriter messages that affect appraisers, and the majority are the same issues they’ve dealt with for years. So yes, there will be an adjustment period as with any change, but end times are not near.


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S&P Case-Shiller: Is housing ready for spring home-buying season?

“Housing recovery barely on first base”
Brena Swanson
The spring home-buying season is just a couple months away. Due to the latest report on the continued slow down in home-price growth, S&P Case-Shiller believes the market isn’t ready. However, not all economists agree, with at least one giving 2015 a strong forecast.
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New home sales in December rise an unbelievable 11.6%

But margin of error in the mid-teens
Trey Garrison
New home sales just hit a seven-year high, but skepticism grows about the accuracy of reports with a margin of error in the mid-teens. Here are the details.
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First wave of ‘boomerang buyers’ become eligible for mortgages

RealtyTrac: Here’s where the action may heat up
Trey Garrison
The first wave of 7.3 million homeowners who lost their home to foreclosure or short sale during the foreclosure crisis are now past the seven-year window they conservatively need to repair their credit and qualify to buy a home.
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MRIS to provide direct listings to Zillow

Mid-Atlantic MLS joins Zillow Partnership Platform
Ben Lane
Members of one of the nation’s largest multiple listing services, Metropolitan Regional Information Systems, will no longer need to worry that they won’t be able to send their listings directly to Zillow once Zillow’s listing agreement with Listhub ends on April 7.
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