Fannie, Freddie CEOs get a well-deserved huge boost in pay

5 tips for new renters this summer

Can you afford it?

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

Nationally home prices gained 4.2%
W S

Lending

Family flees dream home because it used to be a meth house

Sells home at “significant” loss
Ben Lane
An Indiana family was driven from its “dream home” after discovering the home's history made the property a health hazard. Shortly after moving in, children started getting sick and it got worse from there.
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Fannie, Freddie CEOs awarded $3 million raises

Granted compensation of $4 million each
Brena Swanson
Both Fannie Mae and Freddie Mac CEOs were granted multimillion-dollar paydays by the Federal Housing Finance Agency. A move that comes with great objection from lawmakers and the White House.
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Millennials demand single-family homes

Fannie Mae: Will young homeowners protect the housing recovery?
Brena Swanson
Young adults prefer single-family homes, and in fact, they are found to be more likely to reside in a single-family home today than their predecessors. And according to this research, the desire is only going to continue to grow.
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Stonegate Mortgage expanding direct-to-consumer lending operation

Looking to attract Millennial buyers
Ben Lane
Citing a goal of attracting more Millennial buyers, Stonegate Mortgage Corporation is growing its direct-to-consumer lending operation to meet the changing market.
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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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