5 tips for new renters this summer

S&P Case-Shiller: Home price gains slowed in April

Nationally home prices gained 4.2%

Realtor.com: Here are the 20 hottest markets this summer

Expanding inventory boosts sales
W S

Lending

Optimal Blue launches mortgage pricing application

QuickSearch now available to loan officers
Brena Swanson
Optimal Blue introduced QuickSearch, a privately branded mortgage pricing app for mobile devices, during its 2015 Client Conference to allow loan officers to perform real-time pricing searches for their borrower.
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BOK Financial hires new mortgage president

Enter Glenn Brunker, industry veteran
Brena Swanson
BOK Financial named Glenn Brunker to lead BOK Financial Mortgage, bringing nearly 30 years of financial industry experience to his new role. In this position, Brunker is charged with managing all mortgage origination channels.
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Construction spending rises in May but residential component weak

Nonresidential spending surges
Trey Garrison
Construction spending during May 2015 was estimated at a seasonally adjusted annual rate of $1,035.8 billion, 0.8% above the revised April estimate of $1,027.0 billion, the U.S. Census Bureau of the Department of Commerce announced today.
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Mortgage applications drop as interest rates rise to 9-month high

Refinancings and purchase apps down
Trey Garrison
Mortgage applications decreased 4.7% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 26, 2015. Want to know why?
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From HW Magazine

CFPB Watch: Congress fights for control

The Senate joins the House in trying to exercise oversight
“The CFPB undoubtedly remains the single most powerful and least accountable Federal agency in all of Washington,” Jeb Hensarling said. “When it comes to the credit cards, auto loans and mortgages of hardworking taxpayers, the CFPB has unbridled, discretionary power not only to make those less available and more expensive, but to absolutely take them away.”
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From HW Magazine

Company spotlight: Walz and LenderLive

Now together, the companies offer end-to-end solutions
”Together, we provide enhanced mortgage technology, compliance capabilities, critical borrower communication and fulfillment solutions and data-enriched analytics that greatly reduce companies’ compliance and operational burdens. It is exceptional how well the companies complement each other,” said Jonathan Kunkle, president of LenderLive’s GuardianDocs division.
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From HW Magazine

The awful truth about TRID

Even with a grace period, the remedy is worse than the disease
Sarah Wheeler
The CFPB left the grace period open-ended and most in the industry interpreted that to mean that it will last throughout the rest of 2015, at least. Unfortunately, as welcome as that grace period is, TRID remains a costly and complicated fix that has enormous implications for the whole industry.
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From HW Magazine

Why SOC 2 audits matter, now more than ever

Auditing third-party vendors makes sense for risk management
Lora West
With the huge adoption of managed IT services (better known as SaaS or cloud services), an SOC 2 audit provides a definitive statement of security assurance. This warrant is exactly the kind of information that financial institutions need when evaluating managed service providers.
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From HW Magazine

August and everything after

How the default industry will have to adapt
Adam Hansen
Significant regulatory changes such as the upcoming TRID rollout serve as compelling reminders that today’s mortgage default servicing industry requires quality technology that is both well-managed and well-maintained. To optimize efficacy, every link in the servicing chain needs to have a strong technological foundation: As a community, we have to work together to commit to a coordinated and consistent approach.
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From HW Magazine

Balancing risk mitigation with profit

Using better data in the closing process can help to strike the right balance
Alok Datta