More troubling signs point to potential increase in defaults

More troubling signs point to potential increase in defaults

And yet we introduce a 100% LTV mortgage

Calgary housing market a canary in the shale mine?

Home prices, sales plummet alongside price of crude oil

Here's why the loanDepot CEO loves the CFPB

Regulatory environment huge barrier to entry
W S

Investments

NY appeals court approves Countrywide’s $8.5B settlement

BNY Mellon acted properly as trustee four years ago
Trey Garrison
This could be the final hurdle, and payouts could be coming soon in the rep and warranty settlement. Here’s what happened and what it could mean for JPM and Citibank’s settlements.
Read More

Calgary housing market a canary in the shale mine?

Home prices, sales plummet alongside price of crude oil
Trey Garrison
Oil prices dropping are making a lot of Americans happy. But not everyone. And what's happening up in Calgary could be coming to a lot of shale oil states. Here's why.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More