4 factors weighing housing in the second half of 2014

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

2015 will see notable price appreciation

The real reason Fannie and Freddie don't do principal modifications

Looking out for your retirement
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Lending

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 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 in to 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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Control implementation costs with smart tech assessments

Technology is an investment that pays off for TILA-RESPA compliance
July 30, 2014

Third-party updates may be necessary to update transaction coverage and calculations, obtain required information for verifications, incorporate new disclosures, and to make sure your software, compliance, quality-control, and recordkeeping protocols comply with the new rule. 


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

2015 will see notable price appreciation
July 29, 2014
Clients will begin receiving a report Wednesday afternoon, but HousingWire was able to get a sneak peek, and the results say that critics are wrong about housing. According to Altos, it’s going to soar in 2015.
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Borrowers save $1B in interest refinancing for rest of 2014

Freddie: Cash out refinances decline
July 29, 2014
Borrowers will save in aggregate more than $1 billion in interest payments over the coming year, as borrowers continued to shorten their payment terms and build equity in their homes.
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CFPB obtains $92M for predatory lending scheme

Service members given false promises
July 29, 2014
The Consumer Financial Protection Bureau and 13 state attorneys general obtained approximately $92 million in debt relief for about 17,000 U.S. service members and other consumers harmed by Colfax Capital Corporation and Culver Capital.
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FHFA extends G-fee input deadline

Seeks industry opinion on G-fee policy
July 29, 2014

The Federal Housing Finance Agency extended its deadline for accepting industry input on Fannie Mae and Freddie Mac guarantee fees to Sept. 8, allowing more time for public comment on G-fee policy and implementation regarding the optimum level of G-fees required to protect taxpayers.


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Could the post office get into the mortgage business?

It’s not as crazy as you might think
July 29, 2014

For consumers, having a little more choice in banking wouldn’t be the worst thing in the world. We’ve certainly seen what banks can do when left to their own devices. But on the other hand, it’s not like the post office is a bastion of economic excellence either.


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New legislative proposal would turn the post office into a bank

USPS could offer small loans, other banking services
July 29, 2014

Representative Cedric Richmond, D-La., has introduced a bill, called The Providing Opportunities for Savings, Transactions and Lending Act (or POSTAL Act, because it just had to have the catchy acronym), which would allow the USPS to offer "basic financial services."


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