Mortgage scammer commits fraud from inside jail cell

Mortgage scammer commits fraud from inside jail cell

Alan Tikal stole $5.8 million from homeowners

Which banks are positioned to capitalize on stress test results?

Deeper dive into Dodd-Frank stress test

More troubling signs point to potential increase in defaults

And yet we introduce a 100% LTV mortgage
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Lending

Mortgage scammer commits fraud from inside jail cell

Alan Tikal stole $5.8 million from homeowners
Ben Lane
A California man will spend the next 24 years in prison for leading a mortgage fraud scheme through which he stole $5.8 million in fees and monthly payments from struggling homeowners.
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Which banks are positioned to capitalize on stress test results?

Deeper dive into Dodd-Frank stress test
Ben Lane
The country’s biggest banks are all well-positioned to survive a severe recession, the Federal Reserve announced Thursday. But which bank was the big winner?
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FHFA director Watt answers “What’s going on with HARP?”

Sets industry talks straight
Brena Swanson
After a town hall meeting on the Home Affordable Refinance Program on Wednesday, the housing market was left questioning if the program would be extended or possibly even expanded. And the industry was quick to ask FHFA Director Mel Watt to clarify at the Goldman Sachs Housing Finance Conference in New York City the next day.
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Redwood Trust: 4 optimistic opportunities ahead for mortgage REITs

Experts weigh in on mREITS at Goldman Sachs Housing Finance Conference
Brena Swanson
While the overall consensus leaned toward a less-than-thriller year for mortgage real estate investment trusts, one expert at the Goldman Sachs Housing Finance Conference was optimistic about the future of mREITs.
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Massachusetts Court of Appeals upholds MERS rights

Rules mortgage assignment was valid
Ben Lane
MERSCORP’s rights as mortgagee have come under fire in many courtrooms throughout the U.S., but a decision from the Massachusetts Court of Appeals reinforces the company’s right to assign a mortgage.
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Realtor.com boosts Big Apple listings big time

Announces listing agreements with “prominent” New York brokerages
Ben Lane
Realtor.com, which has long boasted that it has the “most accurate” data of any online real estate site, took another step toward improving its data accuracy with the announcement of new listing agreements that will provide the site with direct feeds from several of New York’s “prominent” brokerages, and a listing service, as well.
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More troubling signs point to potential increase in defaults

And yet we introduce a 100% LTV mortgage
Lynn Effinger
These new reports indicate that we are most likely entering a period of higher risk over the next four years as it relates to resetting these “bubble-era” HELOCs. This is especially troubling given noticeably slowing home price appreciation in many markets across America.
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Realtor.com: Housing inventory increased in February

Price appreciation encouraging owners to sell
Trey Garrison
Housing inventories are growing, with homeowners on the fence feeling the go-ahead from rising home prices. Here's what's happening.
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Housing’s critical problems are “intrinsic to the GSE charters”

Private capital at the center of reform
Brena Swanson
Michael Stegman, counselor to the secretary for housing finance policy with the Treasury, said at the Goldman Sachs Housing Finance Conference Thursday morning, that the current status quo is unsustainable and taxpayers are still on the hook.
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Freddie Mac: Mortgage rates at 21-month low

Economic factors push rates down
Trey Garrison
Mortgage rates slid again this past week, but with little impact on mortgage applications. Here's what happened.
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