Case-Shiller: Home price gains decelerate rapidly

Case-Shiller: Home price gains decelerate rapidly

Biggest drop in HPI since November 2012

Can Quicken Loans save Detroit?

Forbes: “Dan Gilbert is saving Detroit to help his business”

Monday Morning Cup of Coffee: Love or loathe – Reverse mortgages, Holder’s legacy

Plus, a week of critical housing and mortgage finance metrics ahoy
W S

News

Case-Shiller: Home price gains decelerate rapidly

Biggest drop in HPI since November 2012
Trey Garrison
Home price growth slowed far more than expected in July, according to the latest Case-Shiller Home Price Index.
Read More

Body of missing Arkansas Realtor found in shallow grave

Family, friends mourn; suspect charged with capital murder
Trey Garrison
The search for Beverly Carter, the Arkansas Realtor who has been missing since Sept. 25, ended early Tuesday when her body was found in a shallow grave about 20 miles north of Little Rock.
Read More

Simplifying the process makes everyone happy
Kofax

Using a mobile app solution to complement your origination process gives you the tools you need to engage consumers on their preferred device and turn the experience into a positive one. 


Read More

WinWater Home Mortgage launching second jumbo RMBS

$276.9 million offering receives AAA ratings from KBRA
Ben Lane
The company, which refers to itself as “a residential mortgage conduit aggregator focused on opportunities in the non-agency jumbo sector,” is bringing WinWater Mortgage Loan Trust 2014-2 to market.
Read More

Are your Facebook friends the future of your FICO score?

One financial expert thinks so
Ben Lane
“You could easily have a scenario in 10 years where a customer’s chances of credit are determined not only on their spending, but also on their friends, family members and their social profile,” Gi Fernando said. “By giving up a bit more information to the banks, you might stand to benefit in a wider choice of products.”
Read More

Search continues for Arkansas Realtor after suspect arrest

Friends, real estate agents, volunteers comb rural, watery area
Trey Garrison
The search for Beverly Carter, the Arkansas Realtor who has been missing since Sept. 25, continued Monday into the evening even after the arrest of a suspect on the charge of kidnapping.
Read More

Was the rescue of the Too Big To Fails even legal?

Lawsuit on AIG bailout may provide the answer
Trey Garrison
Reuters reports that one of the most interesting things coming out of the trial that began Monday is that finally someone is asking whether the federal government’s rescue of American International Group was even legal.
Read More

Bank of America to pay $7.65 million for $4B capital error

SEC, BofA agreement also includes new stress test for bank
Trey Garrison
Bank of America (BAC) is settling with the Securities and Exchange Committee to pay a $7.65 million penalty for a $4 billion capital error it disclosed earlier this year.
Read More

CFPB fines Flagstar $37.5 million for mortgage servicing violations

CFPB: “At every step in the foreclosure relief process, Flagstar failed borrowers.”
Ben Lane
"Because of Flagstar’s illegal actions and unacceptable delays, struggling homeowners lost the opportunity to save their homes,” said CFPB Director Richard Cordray. “The Bureau has been clear that mortgage servicers must follow our new servicing rules and treat homeowners fairly. Today’s action signals a new era of enforcement to protect consumers against the cost of servicer runarounds.”
Read More

Capital Economics: Home price growth will slow to 4% annualized

Loosening credit, stronger wage growth could trigger homebuilding boom
Trey Garrison

Loosening mortgage credit conditions, decent job gains and an eventual acceleration in wage growth will help home sales to rise over the next 12 months, according to Paul Diggle, property economist at Capital Economics.


Read More