3 quick takeaways from the mortgage conference happening right now

3 quick takeaways from the mortgage conference happening right now

Tidbits from SourceMedia Mortgage Servicing conference

New home sales plummet 14.5% in March

Spring buying season off with a whimper

4 metrics reveal California's true housing market

Foreclosures dwindle as home prices skyrocket
W S

Lending

Christopher Whalen joins Kroll Bond Ratings Agency

April 23, 2014
Christopher Whalen, an investment banker, author and frequent HousingWire contributor, brings more than 30 years of experience as an investment banker and analyst to Kroll.
Read More

CFPB pushes for eClosings

Fully electronic mortgages will help consumers, regulators say
April 23, 2014
Housing leaders and regulators met in Washington, D.C. on Wednesday to further open the door to the greater use of technology in the mortgage process.
Read More

Yes, new home sales are down but it isn’t quite as catastrophic as it seems

A deeper dive reveals that 2014 isn’t that far off 2013
April 23, 2014
If you look at the year-to-date totals, 2014 is only 2,000 home sales behind 2013. At the end of the first quarter in 2013, there were 109,000 total new home sales. The first quarter of 2014 had 107,000 new home sales. That’s only a 1.8% decline.
Read More

Watch the CFPB hearing on mortgage closings LIVE

CFPB open hearing now
April 23, 2014
Below you can view the live event as it happens. HousingWire will be hosting the archived event after.
Read More

CFPB: 3 biggest pains in mortgage closings

Bureau pushing solutions like eClosing
April 23, 2014
The Consumer Financial Protection Bureau has found that many consumers are frustrated by the short amount of time they have to review a large stack of complex closing documents when finalizing a mortgage. And they are pushing their eClosing pilot as a way to alleviate that.
Read More

4 metrics reveal California's true housing market

Foreclosures dwindle as home prices skyrocket
April 23, 2014
A handful of new reports on California reveal the real story of what's going on in the Golden State, and while there is good news, the state will still have to overcome several obstacles.
Read More

Scores are in: Top improving states and metros

Freddie Mac: Over half of metros continue to improve
April 23, 2014
Freddie Mac released the February numbers for its latest Multi-Indicator Market Index, which shows that still more than half of the top 50 metro areas continue to record improving trends.
Read More

Mortgage activity drops 3.3%

MBA survey finds refis, originations down
April 23, 2014
After rising last week slightly to break a streak of four weeks of straight declines, mortgage applications dropped 3.3%, according to the Mortgage Bankers Association’s weekly mortgage applications survey for the week ending April 18.
Read More

Flagstar posts big loss in shrinking mortgage market

CEO hopes 'to achieve profitability in any mortgage environment'
April 22, 2014
"During the quarter, we made the determination to significantly bolster our loan loss reserve estimates which results in an increase to the loss coverage period from approximately 12 months to 18 months," Flagstar CEO Sandro DiNello said.
Read More

Fracking decreases property values as much as 15%

And 8 other gas-drilling observations from Ballard Spahr
April 22, 2014
“This is not a short-term boom,” said Harry Weiss, of Ballard Spahr’s Environment and Natural Resources Group. "This is a many, many, many year process. Someday, somewhere, somehow you’re going to see it everywhere.”
Read More