Here's why the loanDepot CEO loves the CFPB

Here's why the loanDepot CEO loves the CFPB

Regulatory environment huge barrier to entry

Realtor.com: Housing inventory increased in February

Price appreciation encouraging owners to sell

Google prepares to launch mortgage comparison tool

“Compare” service for mortgages already in use in the U.K.
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Investments

JPMorgan preps second ARM-only jumbo mortgage bond

$372.4 million offering receives triple-A ratings
Ben Lane
Kroll Bond Rating Agency, Moody’s Investor Service and Fitch Ratings each issued presale reports on J.P. Morgan Mortgage Trust 2015-IVR2, and each ratings agency awarded triple-A ratings to the majority of the offering’s classes. Here are the details.
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Initial jobless claims jump dramatically

Bad omen for Friday’s employment situation report
Trey Garrison
Initial jobless claims jumped dramatically, and the 4-week rolling average is rising. This could be bad news for Friday and the economy in general.
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New Orleans planning huge public property auction

City seeks to revitalize blighted neighborhoods
Ben Lane
The city of New Orleans is planning to auction of 3,000 tax-adjudicated properties in an effort to revitalize some of the city’s blighted neighborhoods. According to a report in the New Orleans Times-Picayune, prospective buyers will be able to view the properties online beginning March 6 and may be able to claim a property for as little as $3,000.
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MKM Partners recommends stock buys on these two mortgage insurers

Sees strong fundamentals for investors in MGIC, Radian
Trey Garrison
MKM Partners sees potential -- strong potential -- for investors in mortgage insurers, owing to where they see the housing industry going. Here's what they're saying.
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At long last: ING completes exit from disastrous US business ventures

Completes divestment of Voya Financial
Ben Lane
With the sale of 45.6 million shares of Voya Financial, ING Group announced Wednesday that its exit from the U.S. retirement, investment and insurance business is complete. ING agreed to divest itself from Voya at the direction of the European Commission, as part of its bailout of ING.
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Early soundings suggest slowing job creation in February

ADP, Gallup point to potential slowing
Trey Garrison
Two early metrics suggest job creation slowed in February. Here’s why.
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Interthinx cutting 70 employees for redundancies

Move comes one year after acquisition by First American
Trey Garrison
Interthinx, the mortgage data firm, is laying off about 70 employees. Here's what's happening and why.
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CFPB Director Cordray talks HMDA exemptions and more

Here’s his prepared opening statement
Trey Garrison
Consumer Financial Protection Bureau Director Richard Cordray goes into the coliseum today at 2:30 p.m. ET but here’s a preview of his opening remarks.
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Sterne Agee lowers and suspends estimates on Ocwen’s debt refi

Analysts unsure what new Ocwen will look like going forward
Trey Garrison
Ocwen isn't going away but it is undergoing a transformation. Here's what analysts think now and why they don't know what to think going forward.
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Ocwen troubles aren’t over yet

Preparing to book $370-$420 million goodwill charge off
Ben Lane
When Ocwen Financial does finally report its yearly financial data, there will be several more negative items in the ledger, and the company is attempting to preemptively alleviate investor concerns by getting out in front of the news. In a press release Monday, the company said that it is expecting its fourth quarter and year-end results to be affected by a $370-$420 million non-cash charge to write-off goodwill.
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