CFPB doubles down against marketing services agreements

CFPB doubles down against marketing services agreements

Underscores that MSAs could constitute mortgage kickbacks

Did Sen. Corker violate SEC rules, Senate ethics by telling investors to short GSEs?

Made questionable remarks on CNBC regarding stocks

House passes bipartisan TRID grace period bill 303-121

Next comes Senate, then looming threat of veto from White House


Distressed sales down to just 9% of homes sold

REO sale share now the lowest since September 2007
Distressed sales, which include real estate-owned properties and short sales, accounted for 9.4% of total home sales nationally in July 2015, down 2.1 percentage points from July 2014 and down 0.4 percentage points from June 2015.
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10 amazing markets housing investors really need to consider

Foreclosure opportunities dry up but options exist
Atlanta, Charlotte, Fort Lauderdale, Riverside and San Diego are included among the 2015 "Best Markets Top 10 List" compiled quarterly by HomeVestors and Local Market Monitor, which looks for investment opportunities in a housing market where broad foreclosure opportunities are shrinking.
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[Study] Zillow rules real estate web traffic but lists far fewer properties

Quality, depth of Zillow's non-MLS data in key markets questioned
Zillow Group’s two portals — and — get more traffic at their web sites than, but Zillow Group sites have fewer listings in most markets, and the two are losing ground on traffic. Worse, there are questions about the quality of listings in key markets.
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Housing experts explain September's hot mess jobs report

There may be a few slivers of silver lining buried in the storm cloud
Earlier Friday the September employment situation report from the Census Bureau showed new job creation cratering to a weak 142,000, and while the whole report is a hot mess, there are a few buried bits of potentially good news in the data points. Want to know what they are?
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New Residential to repay $2.5B in mortgage servicer advances

S&P downgrades Ocwen, triggers repayment
Citing an “inadvertent” oversight in a previous downgrade of Ocwen Loan Servicing servicer rankings, Standard & Poor’s announced earlier this week that it was lowering its ranking of Ocwen as a residential mortgage master servicer from “above average” to “below average.” And that move triggered a massive payback from New Residential.
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