Only “Number Jesters” report 2Q economic growth at 4% pace

4 factors weighing down housing in the second half of 2014

Will housing collapse?

Altos: Critics wrong about housing, it’s going to soar

2015 will see notable price appreciation
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Lending

Black Knight boosts Fidelity 2Q14 earnings

Total revenue hits $1.7 billion
July 30, 2014
"We remain excited about the recurring nature of the revenue, the market positioning of our product offerings, the significant organic revenue growth opportunities and the strong EBITDA margins that Black Knight brings to FNF," said Chairman William Foley.
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BOK Financial posts $76M 2Q net income

Mortgage banking revenue reaches $29M
July 30, 2014
"The quarter’s results reflect the earnings power inherent in our diversified business model, as several lines of business grew this quarter, including energy lending, brokerage and trading, and mortgage banking," Steven Bradshaw, president and CEO of BOK Financial, said.
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Judge orders BofA Countrywide to pay $1.3B for toxic mortgages

Settlement is just over half what feds wanted
July 30, 2014
A federal judge has ordered Bank of America’s Countrywide unit to pay $1.3 billion in penalties for junk mortgages sold to the government sponsored enterprises in the years prior to the 2008 financial crisis.
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3 Fannie policy changes help open credit box

Waiting periods adjusted
July 30, 2014
Fannie Mae updated a handful of its policies regarding significant derogatory credit events, allowing more borrowers to jump back into the housing market.
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Only “Number Jesters” report 2Q economic growth at 4% pace

Economic revisions infuriate
July 30, 2014
If an economist or economists continue to miss the mark by under-forecasting economic growth and then back-pedal by saying the revised numbers were “unexpected,” they should disqualify themselves from being called economists.
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FTC: Bill collectors posed as cops to threaten arrest

Tried to collect debts discharged in bankruptcy
July 30, 2014
The latest Consumer Financial Services Alert, from law firm Ballard Spahr, highlights alleged nefarious tactics from bill collectors in New York, including threatening to arrest borrowers.
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It’s time to set aside agendas, and talk housing’s future

There’s a new industry event out there – and the best part is it’s not an industry event
July 30, 2014
In case you missed it earlier, HousingWire is offering our support to the Bipartisan Policy Center’s 2014 Housing Summit this September 15-16 in Washington, DC. We’re honored to play a role. But it’s why we’re supporting the event – and why you should, too – that maybe needs a little more explaining.
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Industry competition, DDoS attacks can't stop Move

2Q earnings increase 9 quarters straight
July 30, 2014
Despite a DDoS attack that put the company out of service for a couple of days and increased competition, Move managed to still record an increase in revenue.
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4 factors weighing down housing in the second half of 2014

Will housing collapse?
July 30, 2014
There is some division in the industry on whether housing will continue to recover going into the second half of 2014. There are some bright spots, but three market segments in particular are a concern.
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Mortgage applications continue fall with 2.2% drop

Refinancings drop 4% with purchases up 0.2%
July 30, 2014
Continuing the long-term trend this year, mortgage applications decreased 2.2% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 25, 2014.
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