Monday Morning Cup of Coffee: Judge deals major blow to investors in GSE lawsuit

Monday Morning Cup of Coffee: Judge deals major blow to investors in GSE lawsuit

Fed mortgage stability monitoring nothing more than a myth?

This chart proves mortgage credit availability isn’t improving

Isn't get worse, either

Zillow: Top 10 markets to buy and sell your home now

California takes over one list
W S

News

Financial Stability director: SIFI designation is not “too big to fail”

Pinschmidt: “That’s just plain wrong”
Ben Lane
During the Monday keynote address at ABS East in Miami, Patrick Pinschmidt, the deputy assistant secretary and executive director of the FSOC, said that the SIFI designation is designed to bring additional oversight of nonbanks in an attempt to mitigate the impact of a nonbank’s potential failure on the country’s economy.
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Existing home sales drop 1.8% on cash buyer retreat

Annual home sales down 5.3%
Trey Garrison
With cash-paying investors in a full retreat, existing home sales dropped 1.8% in August, according to the National Association of Realtors. "On the positive side, first-time buyers have a better chance of purchasing a home now that bidding wars are receding and supply constraints have significantly eased in many parts of the country,” said Lawrence Yun, NAR chief economist.
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Parents hold key to first-time homebuyer success

"Without them, the recovery’s not sustainable"
Brena Swanson
Due to the growing student debt problem, first-time borrowers are finding it more difficult to afford owning a home. However, while it might be difficult to secure a loan though the bank, a second, closer option is starting to step in and help finance their first home: mom and dad.
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Is it time to ease lending standards?

Housing regulators face tough question
Brena Swanson
Car sales have recovered since the plague of the financial crisis, but the journey has not been as easy for housing. An article in The Wall Street Journal asks the tough question: Should mortgage lending standards ease?
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Monday Morning Cup of Coffee: Judge deals major blow to investors in GSE lawsuit

Fed mortgage stability monitoring nothing more than a myth?
Trey Garrison
Is the case against Treasury crippled? Is the idea of the Fed maintaining mortgage market stability a unicorn? What happens when 3,500 structured finance professionals get together in Miami for three days? Read on and find out.
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ABS East: Lawsky has legacy MSRs “at a standstill”

No significant legacy MSR transfers since NYDFS froze Ocwen deal
Ben Lane
During a panel at ABS East, a massive conference on the securitization and secondary market taking place this week in Miami, one panelist said that the MSRs on the loans that make up the pre-crash residential mortgage-backed securitizations are “at a standstill,” without an end in sight.
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This chart proves mortgage credit availability isn’t improving

Isn't get worse, either
Ben Lane
“We think tight mortgage credit and weak demand for mortgage credit are key driving forces behind the slow growth recovery story and the positive technical story for securitized products,” BofAML’s Chris Flanagan, Gregory Fitter and Mao Ding said in the new Securitization Weekly Overview.
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What to expect at ABS East

Massive securitization market conference brings thousands to Miami
Ben Lane
“ABS East 2014 will provide comprehensive coverage on the revival and strengthening of the US securitization market, along with what our markets should look like in the future, given the importance of securitization to the real economy,” conference organizer Information Management Network said.
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CoesterVMS upgrades Encompass integration

Cloud Control System now available as native application
Ben Lane
"Our development team has taken the time to build an integration that is years ahead of anything else on the market," said Brian Coester, CEO of CoesterVMS. "Our goal is to provide unprecedented means of efficiency to the mortgage origination process. This integration does that and more."
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WSJ: Student debt could cut home sales 8% in 2014

Effect of debt is major drain, new study says
Trey Garrison
One thing that hasn’t been underreported in housing in 2014 is the crushing amount of student debt out there, but Nick Timiraos looks into just how much it impacts housing and mortgage finance in the Wall Street Journal.
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