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
W S

Lending

Goldman hired for Radian Asset selloff

Pending private mortgage insurance rules speed up process
July 25, 2014
Radian hired Goldman Sachs to evaluate interest in its financial guaranty business Radian Asset, according to Radian. The company has been in the runoff since 2008.
Read More

Bank of America Merrill Lynch concludes Dodd-Frank killed housing

Not coming back to life soon, either
July 25, 2014
“In testimony to Congress on QRM, Mr. Frank noted changing the US residential mortgage market was foremost among the very purpose of the statute,” said analysts Flanagan and Katz. And change that market it did — by sucking the life out of it.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More