San Francisco leads the nation in property bidding wars

Freddie Mac CEO: Ready for legislative solution

Looking at new risk-sharing deals, FICO alternatives

Nationstar Holdings posts $48.3M loss in first quarter

Lower servicing revenue proves heavy drag
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News

CFPB: 26 million consumer are ‘credit invisible’

Blacks, Hispanics more likely to have limited credit record
Trey Garrison
The Consumer Financial Protection Bureau has found that 26 million Americans are “credit invisible” meaning they do not have any credit history with a nationwide consumer reporting agency. Here's why they say it's a problem.
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Nationstar’s surprise 1Q loss pulls down nonbank servicers

NSM drops below 52-week low in afternoon trading
Trey Garrison
All the major nonbank mortgage servicers were bleeding in trading through early afternoon, after Nationstar Mortgage Holdings reported its first-quarter surprise loss. Here's where the red ink is spilling.
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San Francisco leads the nation in property bidding wars

Well above national average
Brena Swanson
One city in California remains an anomaly in the housing market. As the majority of buyer and seller markets in the nation appear to be returning to healthier competition levels, San Francisco is nowhere near normalized.
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In the world of real estate, Pacquiao beats Mayweather

Pac-Man even takes the furniture
Brena Swanson
Both Floyd Mayweather Jr. and Manny Pacquiao might be legends in the boxing ring, but their fight in the housing market doesn’t tell the same story.
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Freddie Mac CEO: Ready for legislative solution

Looking at new risk-sharing deals, FICO alternatives
Jacob Gaffney
While much is made of Corker-Warner, Johnson-Crapo and other attempts to finally return the GSEs to the private market, less attention is given to the disruption such lawmaking may have on the internal, day-to-day operations at the housing behemoths.
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Interthinx: Mortgage fraud risk rose in 4Q14

Florida leads nation in mortgage scams
Trey Garrison
Like politics, mortgage fraud is local, and the risk varies from location to location because ultimately, mortgage fraud is a crime of opportunity. Here's where the real risk is.
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Freddie Mac reports profit of $524M in first quarter

Marks fourteenth consecutive quarter of positive earnings
Trey Garrison
Freddie Mac reported net income of $524 million for the first quarter of 2015, compared to $227 million for the fourth quarter of 2014. The solid quarter is the 14th in the black for the government sponsored enterprise. Here's how it broke down.
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Nationstar Holdings posts $48.3M loss in first quarter

Lower servicing revenue proves heavy drag
Trey Garrison
Nationstar Mortgage Holdings reported a first-quarter loss of $48.3 million, after reporting a profit in the same period a year earlier. Here's what pulled down the Texas-based servicer to a performance well below expectations.
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CoreLogic: Homes prices rose in March up 5.9% annually

Tight inventory pushes prices up in key markets
Home prices nationwide, including distressed sales, increased by 5.9% in March 2015 compared with March 2014, according to the latest home price index from CoreLogic. What happened to boost price tags?
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PRMG adds Phil Gouskos as regional manager

Will oversee Central and Midwest regions
Ben Lane
In this new role, Gouskos will be responsible for originations in the company’s three business channels: residential lending, retail lending and wholesale lending.
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