Here’s why the FHFA is not a fan of principal reduction

Before you judge Dodd-Frank...

Urban Institute: "Can we really calculate the cost?"

Goldman Sachs: When will our kids move out?

Nearly half of California millennials still with parents
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Lending

Fed releases SunTrust order over $160M mortgage penalty

Settlements continue to dent lender's profits
July 25, 2014
SunTrust's earnings continue to be dragged down by various mortgage settlements, resolving past foreclosure and mortgage issues. Most recently, the Federal Reserve finalized the $160 million penalty related to faulty mortgages announced back in October.
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Before you judge Dodd-Frank...

Urban Institute: "Can we really calculate the cost?"
July 25, 2014
Now four years old, Dodd-Frank is struggling to measure up to its original design. But according to the Urban Institute, before disregarding Ddd-Frank as a fail, understand that it is complex and difficult law.
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Flagstar approves ULSA as an AMC

Provides appraisal services to retail, correspondent channels
July 25, 2014
Flagstar Bank approved Urban Lending Solutions Appraisals as an Appraisal Management Company, providing appraisal services to both Flagstar’s retail and correspondent channels.
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Goldman Sachs: When will our kids move out?

Nearly half of California millennials still with parents
July 25, 2014
After crunching some numbers, Shan concludes that ultimately millennials will need to get jobs to get them to finally move out. This process, parents will be sad to learn, may take many, many more years.
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Taking the first steps to implement TILA-RESPA

The who, what and when of compliance
July 25, 2014
As we rapidly approach the start of the 1-year countdown to TILA-RESPA go-live, it’s time that we transition from our theories and tire-kicking into planning mode.
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How hard is it to get a mortgage?

Depending on your circumstances, it’s not as hard as you may think
July 24, 2014
The Wall Street Journal identifies two distinct segments of potential borrowers — one can get credit fairly easily while the second group has a significantly more difficult time.
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Small mortgage lenders and large banks face off

Fannie Mae: Smaller lenders to contract credit standards
July 24, 2014
Lending standards are likely to tighten at smaller and midsize lenders over the next three months, but at the same time, the smaller guys are stealing larger banks' mortgage market share.
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CFPB proposes HMDA rule changes

Works to keep pace with market
July 24, 2014
The Consumer Financial Protection Bureau is proposing a new rule in order to improve information reported about the residential mortgage market and communication with consumers.
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MGIC CEO retires, Patrick Sinks fills role

Curt Culver becomes non-executive chairman
July 24, 2014
MGIC Investment Corporation announced Curt Culver, 62, will retire as CEO and become non-executive chairman. Patrick Sinks, 57, will step in to become CEO, in addition to joining the board of directors.
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Hey CNBC, shut up about millennials already

Your advice is patronizing, contradictory and just plain wrong
July 24, 2014
CNBC’s analysts seem to view millennials as a giant homogenous mound of humans who all think the same way, look the same way, do the same things and look at the world in the exact same way. And every day, CNBC’s analysts opine on why millennials aren’t buying homes, or buying stocks or buying whatever else it is that CNBC thinks is important that day.
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