Mortgage brokers: Update your stump speech on mortgage lending, Mr. President

Mortgage brokers: Update your stump speech on mortgage lending, Mr. President

NAMB says mortgage brokers have been at forefront of reform

Monday Morning Cup of Coffee: Spring turnaround, or spring-loaded trap?

The direction of housing and mortgage finance could turn this week

Move lawsuit against Zillow clears contempt hurdle with settlement

Move declares "full steam ahead" in prosecution
W S

Investments

Blogatative Easing: Ben Bernanke, Brookings blogger

Better than Bob Loblaw’s law blog?
Trey Garrison
Ben Bernanke has gone from being the most powerful conjurer at that Hogwarts known as the Federal Reserve to being a lowly blogger for Brookings Institute.
Read More

Supreme Court revives ING mortgage bond lawsuit

Investor class action claims hidden risks in 2007 MBS offering
Trey Garrison
As it turns out, ING's risk exposure in the United States isn't yet finished. The Supreme Court of the United States revived a class action case accusing ING Groep NV of illegally hiding the risks of mortgage-backed securities.
Read More

Monday Morning Cup of Coffee: Spring turnaround, or spring-loaded trap?

The direction of housing and mortgage finance could turn this week
Trey Garrison
Housing and mortgage finance has had a rough time so far this year. This week could be the week it turns, or the week that turns on the industry. Either way, we’ll still have baseball.
Read More

B2R Finance launches first multi-borrower single-family rental securitization

Consists of $230 million aggregate balance
Brena Swanson
Moving into a new territory for the industry, B2R Finance announced its first multi-borrower SFR securitization transaction.
Read More

Congresswoman wants to put Fannie, Freddie profits in escrow

Introduces bill to force action on GSE reform
Trey Garrison
A congress member wants to put profits from the government sponsored enterprises in escrow. Is it so crazy it just might work?
Read More

Confirmed: White House tapping senior HUD advisor to head FHA

Former Freddie Mac exec Edward Golding to be named
Trey Garrison
Former Freddie Mac executive and current senior HUD advisor is being named the new head of FHA.
Read More

Piketty’s Folly: Wrong on inequality, wronger on homeownership

Turns out housing the best way to build wealth
Trey Garrison
Homeownership, as it turns out, is doing a better job at building generational wealth than most anything else. It's almost as if there’s a flaw in popular socialist economic theory.
Read More

FBR Capital lowers target for Nationstar, keeps future EPS estimates

Nationstar moving toward traditional bank structure
Trey Garrison
FBR Capital lowered their target for Nationstar Mortgage from $30 to $25 following the company’s stock offering to raise capital and several MSR acquisitions.
Read More

Fannie Mae to list risk-sharing bonds on Irish Stock Exchange

Will hold “sufficient” credit risk to ensure compliance with European Union rules
Ben Lane
European investors seeking to buy into the U.S. mortgage market will now have that opportunity, after Fannie Mae announced that it plans to list all of its outstanding risk-sharing mortgage bonds on the Irish Stock Exchange.
Read More

Nationstar drops more than 10% in day's trading after $500M public offering

Investors seem wary of what the deal says
Trey Garrison
Yesterday's public offering of 17.5 million in common stock by Nationstar Mortgage to raise funding isn't pleasing investors. Here's what's happening on the Street.
Read More