Hey CNBC, shut up about millennials already

Hey CNBC, shut up about millennials already

Your advice is patronizing, contradictory and just plain wrong

Morgan Stanley finally pays $275 million for subprime RMBS fraud

SEC charged company with misrepresenting loans

New home sales collapse, erasing recent surge

Sales 11.5% down YOY; fall to 406,000 annual pace
W S

News

How hard is it to get a mortgage?

Depending on your circumstances, it’s not as hard as you may think
July 24, 2014
The Wall Street Journal identifies two distinct segments of potential borrowers — one can get credit fairly easily while the second group has a significantly more difficult time.
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Florida AG joins CFPB, FTC enforcement sweep

Announces four actions
July 24, 2014
Florida Attorney General Pam Bondi added her name to the list of states that filed a joint federal-state enforcement sweep targeting foreclosure scam operations, announcing four additional actions.
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Small mortgage lenders and large banks face off

Fannie Mae: Smaller lenders to contract credit standards
July 24, 2014
Lending standards are likely to tighten at smaller and mid-size lenders over the next three months, but at the same time, the smaller guys are stealing larger bank’s mortgage market share.
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What would the Zillow-Trulia hookup mean for housing?

Listing Goliath could change the balance of power
July 24, 2014
Zillow is seeking to acquire rival Trulia in a move that would create a Goliath of online real estate listings. So how is it going to affect the industry, consumers, and even the media?
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CFPB proposes HMDA rule changes

Works to keep pace with market
July 24, 2014
The Consumer Financial Protection Bureau is proposing a new rule in order to improve information reported about the residential mortgage market and communication with consumers.
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Hey CNBC, shut up about millennials already

Your advice is patronizing, contradictory and just plain wrong
July 24, 2014
CNBC’s analysts seem to view millennials as a giant homogenous mound of humans who all think the same way, look the same way, do the same things and look at the world in the exact same way. And every day, CNBC’s analysts opine on why millennials aren’t buying homes, or buying stocks or buying whatever else it is that CNBC thinks is important that day.
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Zillow seeking to buy Trulia

Merger would create online real estate listings megalith
July 24, 2014
Zillow is seeking to acquire rival Trulia, although both companies are declining to speak about it, Bloomberg is reporting. Together the companies account for 89% of all online real estate listings.
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Jobless claims drop to 8-year low

But it’s not all-positive news
July 24, 2014
Jobless claims plummeted by 19,000 filings to 284,000 for the week ended July 19, the lowest level for initial claims since Feb. 18, 2006. But it's what is hidden behind the numbers that is important to note.
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Morgan Stanley finally pays $275 million for subprime RMBS fraud

SEC charged company with misrepresenting loans
July 24, 2014
The SEC had charged Morgan Stanley with misrepresenting the delinquency status of mortgage loans underlying two subprime RMBSs at the height of the financial crisis. They were the last subprime RMBSs that Morgan Stanley sponsored, issued, and underwrote.
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