Mr. Frank goes back to Washington

Mr. Frank goes back to Washington

Former Congressman to testify before Congress on Dodd-Frank impact

Happy 4th birthday Dodd-Frank! Everyone hates you

How effective has Dodd-Frank really been?

Monday Morning Cup of Coffee: Former CFPB head eyes White House?

The bubble’s last days; New HUD rule the “Common Core” of housing
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Investments

People who live in unhappy cities get better housing

Build a better castle to keep the unhappy out?
July 21, 2014
People stuck in unhappy cities get compensated in the form of better housing, or so says a new study. Considering that a large portion of New York housing is smaller than a typical Texas family room, it’s not clear what the compensation is for The Big, Unhappy Apple.
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Judge shoots down FHFA bid to limit discovery, keep docs secret

Judge Sweeney: FHFA cannot evade judicial review
July 21, 2014
A federal court handed Fairholme Funds a huge victory late last week, granting broad access in discovery to FHFA records going back years and reminding the FHFA that it is not above the law.
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Is this why 3.6 million ready homeowners aren’t selling in 2014?

One in three current mortgage holders have a rate below 4%
July 21, 2014
The problem for one in three homeowners is that selling and then buying means surrendering a dynamite mortgage interest rate, which means even if the home they want to buy is about the same price, they end up paying much more per month.
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Happy 4th birthday Dodd-Frank! Everyone hates you

How effective has Dodd-Frank really been?
July 21, 2014
"As a Davis Polk & Wardwell LLP progress report on the legislation indicates, the deadlines for 280 rulemaking requirements have passed, as of July 18," analysts from SNL Financial write in a new report. “Of those, 127 deadlines were missed. Of the 398 total required rulemakings contained in the bill, 96 have yet to be proposed."
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This chart shows how Zillow, Trulia dominate online listings

Two have bigger share than next three combined
July 21, 2014
In the battle for dominance in the ever-evolving real estate information and online listings space, Zillow and Trulia have emerged as the big dogs on the block.
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Legacy mortgage matters dent SunTrust 2Q14 earnings

Net income hits $387M
July 21, 2014
SunTrust earnings were dented by the sale of RidgeWorth and resolution of certain legacy mortgage matters, which negatively impacted net income in the current quarter by $49 million, or $0.09 per share.
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Monday Morning Cup of Coffee: Former CFPB head eyes White House?

The bubble’s last days; New HUD rule the “Common Core” of housing
July 20, 2014
Four housing charts to ruin your Monday (take the red pill), the housing recovery is coming to an end, and a little-known proposed HUD rule that could lead to the federalization of local housing and zoning decisions are all mixed into your spicy, bold morning brew.
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Housing troubles continue drag on economy

Economic index, consumer confidence below expectations
July 18, 2014
The trouble in the housing sector, specifically Thursday's data on building permits, is holding down the economic outlook, expressed in the index of leading economic indicators which missed analyst expectations as it rose a lower-than-expected 0.3% in June.
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Fannie Mae fourth risk-sharing bond prices wide

Plans next deal in November
July 17, 2014
This deal is consistent with prior transactions, and includes reference loans with original loan-to-value ratios of up to 97%, the government-sponsored enterprise said in a statement.
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Bank-held REO inventory drops 44% since 2011

Non-performing loans have also dropped nearly 50%
July 17, 2014
According to a report from BankDATAWORKS, the total REO inventory held by banks has dropped from $52.55 billion in March 2011 to $29.37 billion in March 2014. That’s a drop of 44%.
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