Truth is, those recent housing numbers aren't so shiny

Truth is, those recent housing numbers aren't so shiny

Housing starts? More like housing stops, amirite?

This man pretends to be a Realtor and no one can stop him

Canadian fines don’t seem to slow down Derek Johnson

The top 10 critical issues facing GSE reform

Urban Institute: Reform in limbo
W S

Lending

Millennials better at paying their mortgages

Mortgage delinquency rate falls nearly 20%
Brena Swanson
The youngest group of mortgage borrowers posted the lowest mortgage delinquency rate, falling to 2.34%, overcoming the impact of the Great Recession.
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The TILA-RESPA Combined Disclosure connection

Tim Anderson of DocMagic weighs in with Closing Call guest post
Tim Anderson

The primary issue is not only delivering the closing documents to the consumer three days ahead of closing (consummation), but now, with the delivery deadlines and tolerance requirements, the lender is on the hook to ensure even greater accuracy of the GFE/TIL at time of application.  


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Good news for the housing market?

Home Depot raises full-year forecast
Brena Swanson
Home Depot recorded strong second-quarter earnings on the same day the U.S. Census Bureau and the Department of Housing and Urban Development reported multifamily housing starts soaring.
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SEC subpoenas Ocwen over Altisource, HLSS associations

Joins NYDFS in questioning company’s relationship with its affiliates
Ben Lane
Ocwen’s close relationship with Altisource Residential, Altisource Asset Management Corp., Altisource Portfolio, and Home Loan Servicing Solutions has been under scrutiny since New York's Department of Financial Services first sent a letter to Ocwen’s general counsel about the dealings between the affiliated companies in February.
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3 reasons mortgage apps don't reflect housing strength

The growing disconnect between apps and sales
Brena Swanson
Mortgage applications continue to hover around the same level, while home sales keep rising. A new reports digs into why, citing three factors for the disconnect.
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Alan Levith joins Edcomm Banker’s Academy as chief compliance counsel

Former FDIC counsel will oversee regulatory compliance matters
Ben Lane
In this new role, Levith will have a myriad of responsibilities, with a specific focus on “cradle to grave” regulatory compliance matters related to the financial services industry, including mortgage servicing, originations, and loss mitigation issues for banking and non-banking financial organizations.
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How hard is it to get a mortgage?

Income, credit and – yes – character all count
Trey Garrison
Is it really that hard? Yes. And no. And mostly yes again. And maybe it should be. And since January 10 when the CFPB’s Qualified Mortgage rule took effect, it is definitely harder. So yes.
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This man pretends to be a Realtor and no one can stop him

Canadian fines don’t seem to slow down Derek Johnson
Jacob Gaffney
The Real Estate Council in Alberta, Canada, seems to have a real problem on its hands with real estate agent Derek Johnson, who doesn’t seem licensed to conduct business as an agent and broker. But that’s not stopping Johnson.
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Affiliated Mortgage sues Envoy Mortgage for $20M

Firm accused of stealing trade secrets
Brena Swanson
Affiliated Mortgage is suing Envoy Mortgage, alleging Envoy Mortgage stole some if its key executives in an effort to put Affiliated’s correspondent lending division out of business.
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Mortgage default rate drives down household debt

Drops nine months straight
Brena Swanson
“At just above one percent, default rates remain at historical lows. Mortgage default rates have been trending down while Auto and Bank Card are a bit higher than their historical lows set in April and March,” said David Blitzer, managing director and chairman of the Index Committee for S&P Dow Jones Indices.
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