Here’s how TRID is changing the mortgage industry

Here’s how TRID is changing the mortgage industry

Up and down the pipeline things are changing

Monday Morning Cup of Coffee: Is Fed, housing policy at a crossroads?

Plus why private investors don’t want to buy mortgages, TRID and more

[Chart] FHA mortgage insurance boom in the works?

MBA notes impact of cutting MIPs

Real Estate

Altisource acquires RentRange and Investability

Expands company’s capabilities in rental market
Altisource Portfolio Solutions, a provider of mortgage, financial and technology services for the real estate industry, is expanding with a pair of acquisitions. The company announced Tuesday that it is set to acquire RentRange and Investability. Click the headline for more details.
Read More

Denver’s marijuana boom pushing city into housing crisis

Legalization of marijuana great for city’s economy, but not for housing
The legalization of marijuana in the state of Colorado has had a positive impact on the state’s economy, but the state’s largest city is facing a housing crisis, as steeply rising home prices are pricing out much of the city’s population.
Read More

Coming soon: Down payment insurance for borrowers

New program protects buyers against market downturn
A new program launching early next year will give borrowers the opportunity to protect their upfront investment in their home, just as lenders are able to do with mortgage insurance. Meet down payment insurance — for borrowers.
Read More

Georgia real estate investor pleads guilty to bid rigging in foreclosure auctions

Feds snare ninth real estate investor for auction fraud in Georgia
A Georgia real estate investor pleaded guilty for conspiring to rig bids at real estate foreclosure auctions in Fulton and DeKalb counties in Georgia. According to an announcement from the Department of Justice, Morris Podber admitted that he conspired with other real estate investors to not bid against each other in public foreclosure auctions on certain properties.
Read More

Real estate startup to Zillow CEO: We’ll sell your house for you

Faira guarantees sale of Spencer Rascoff’s twice-discounted house
Back a few months ago, Zillow Group CEO Spencer Rascoff put his money where his mouth is by listing a house he owned for sale – on Zillow. The listing apparently hasn’t generated quite as much interest as Rascoff hoped, despite two price cuts. Rascoff now has an unlikely ally in the sale of his house – a real estate startup that’s guaranteeing the sale of Rascoff’s house and putting its money where its mouth is.
Read More

What’s California real estate going to do in 2016?

Sales expected to rise; price growth will slow down
While California’s housing market is expected to improve in 2016, a shortage of available inventory and continuing high costs are expected to limit it, according to a report released by the California Association of Realtors.
Read More