New FICO program reveals credit score to risky borrowers

Is this any way to run a mortgage market?

Here's the right solution

Has the mortgage market turned a corner?

Mortgage lending still below norms and signs point to...
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Investments

Armor Concepts targets home investors, REO portfolios with break-in defense

Doors and locks fail before the door jamb armor does
Trey Garrison
Vandalism and break-ins can be a big problem for investor owned and REO portfolios, and one former home flipper has developed a solution when he realized that alarm systems don’t really offer any protection.
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MGIC beats 1Q estimates with $133.1M profit

Company doubles net insurance written compared to 1Q14
Trey Garrison
MGIC Investment Corporation today reported net income for the quarter that beat analysts expectations, with a big gain in net insurance written in the first quarter. Here's where they took off.
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Has the mortgage market turned a corner?

Mortgage lending still below norms and signs point to...
Trey Garrison
The mortgage market has been as weak as the jobs market and the economy as a whole so far this year. Is it ready to turn a corner, or will it miss and continue right off the road?
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Auction.com: Flipping momentum grows in first quarter

The nation's top markets to flip or rent
Trey Garrison
The flipping trend seen throughout the fourth quarter of 2014 is still going strong – and building momentum in nearly every market surveyed. That’s what Auction.com reports.
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Private mortgage insurers see gains as FHFA PMIERS, g-fee changes sink in

MGIC, RDN big gainers in Monday trading
Trey Garrison
Mortgage insurers took a hit late last week after the FHFA announced its PMIERS and g-fee adjustments. Now that the Street has absorbed the changes, a couple are big gainers. Here's what's happening now.
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Fannie Mae economist: Economic momentum will boost housing markets

Still expect to see 2.8% boost in economic activity in 2015
Trey Garrison
Economic activity was suppressed in the first quarter due largely to the West Coast port disruptions and difficult weather patterns across the Northeast, but the economy is expected to gain momentum for the rest of the year. Here's why Fannie Mae thinks so, anyway.
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Monday Morning Cup of Coffee: FHFA g-fee, PMI shift too much or too little?

Clouds on housing finance horizon; Zillow/Move fight gets personal
Trey Garrison
Things are looking rough for housing with a sluggish start to the spring buying season, and that trickles all the way up to the outlook for agency MBS. Plus, Move takes off the gloves in its ads, and the industry reacts to recent FHFA moves. Read on.
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Will unprecedented mortgage lending finally save Detroit?

Bank of America, NACA partner to offer zero-down, below market rate mortgages
Ben Lane
A newly created program, called the “Detroit Neighborhood Initiative,” is based on a partnership between the city of Detroit, the Neighborhood Assistance Corporation of America, the Opportunity Resource Fund and Bank of America, and the program goes to unprecedented lengths to help restore the city to its former glory.
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Housing advocacy groups call on FHFA, CFPB to investigate “pro-foreclosure” tactics

Groups cite Ocwen as leader in preventing mortgage defaults
Ben Lane
A consortium of housing advocacy groups is calling on the U.S. Department of the Treasury, the Federal Housing Finance Agency, and the Consumer Financial Protection Bureau to investigate “pro-foreclosure campaigns,” which the groups say are being perpetrated by “Wall Street giants including the largest hedge funds, mortgage bond traders, and insurance companies.”
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Weakness in the economy may push back rate hike pressure

All signs point to a weak March but that’s not affecting consumer confidence
Trey Garrison
Growth is tepid for the index of leading economic indicators. With softness in consumer price inflation, will the Fed really want to raise interest rates in the third quarter, or hold steady?
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