CNBC video: Home shortage could be due to real estate agents

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?
W S

Investments

Most prospective buyers don’t know real cost of ownership

First-time homebuyers are overwhelmed by mortgage information
July 22, 2014
Almost half are unsure how to calculate their down payment and their monthly payment and most feel overwhelmed by the volume of information to absorb — especially those 30 and under.
Read More

JPMorgan's $13B RMBS settlement progress...so far

Bank gives $6M in credited consumer relief
July 22, 2014
After reaching a $13 billion agreement to settle claims regarding the sale and issuance of faulty residential mortgage-backed securities, JPMorgan Chase is now being held accountable to make sure it is staying compliant on all of the requirements.
Read More

Home price growth continued to cool in May

CoreLogic: Even higher-end homes showing weakness
July 22, 2014
Home prices rose just 0.4% in May from the previous month, the Federal Housing Finance Agency reported Tuesday, continuing the rapid cool down in price appreciation in the housing market.
Read More

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.
Read More

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.
Read More

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.
Read More

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."
Read More

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.
Read More

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.
Read More

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.
Read More