Why LeBron James return to Cleveland is huge real estate win

Why LeBron James return to Cleveland is huge real estate win

Akron and Cleveland rank in bottom ten for price growth

Freddie Mac: 3 ways to improve your credit score right now

Next year's homebuyers need to start today

New legislation will break apart and sell Fannie Mae and Freddie Mac

House Democrats introduce new GSE reform measure
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News

Wells Fargo originations up 31%, executive excitement not

Results defy industry trends
July 11, 2014
Despite beating analyst expectations for its second-quarter earnings, Wells Fargo executives are less than thrilled about the origination results. But not everyone in the industry shares that opinion.
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Capital Economics: US economy about to shift into high gear

Woo-hoo! Higher wages on the way!
July 11, 2014
“The fiscal drag has eased, household debt has fallen to more manageable levels and property prices have recovered,” according to the executive summary of the third quarter Global Economic Outlook from the analytics firm.
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Why LeBron James return to Cleveland is huge real estate win

Akron and Cleveland rank in bottom ten for price growth
July 11, 2014
Here at HousingWire, we don’t cover basketball all the time, but even we can’t deny the impact that James’ return to Cleveland could have on the economy of Northeast Ohio.
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Bam! Nomura predicts GDP will double in 2015

But it won’t be because of housing
July 11, 2014
In its “The Economy Next Week” report published Friday, Nomura’s analysts predict that the U.S. gross domestic product will grow 1.5% year-over-year in 2014 and will more than double that growth (3.1%) in 2015.
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RI top court affirms MERS role as mortgagee

Court says MERS has authority to assign a mortgage
July 11, 2014
The Rhode Island Supreme Court ruled in favor of Mortgage Electronic Registration Systems, affirming MERS’ role as mortgagee, including its authority to assign a mortgage, the latest in a string of favorable court rulings.
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FHFA's PMI changes will burden legacy companies but not newer entrants

MGIC, Radian, Genworth hit hardest
July 11, 2014
The Federal Housing Finance Agency's proposed revision of private mortgage insurance requirements will be a burden for legacy companies, but not so much for newer PMI industry entrants, a note to clients from Compass Point Trading & Research says.
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Millennial housing problems hit MBA's Stevens close to home

Even those who can buy won’t buy
July 11, 2014
Top housing expert and CEO of the Mortgage Bankers Association doesn’t have to look too far to see the impact of the financial crisis on millennials, with his own daughter choosing to forgo buying a home right now.
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Executive Conversations: Richard Izen of Arch MI on PMIERs

Arch Capital becomes a direct provider of mortgage insurance
July 11, 2014
We fully support these important efforts by the GSEs and FHFA to set standards for approved mortgage insurers.
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What will consumers think of the Loan Estimate form?

Educational materials need to be delivered on the front end
July 11, 2014

In order to get a more confident consumer to show up at closing, the creditor must deliver accompanying education material specifically geared towards understanding definitions and terms displayed on the LE form.


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Wells Fargo 2Q net income hits $5.7B

Mortgages recover from rough start to 2014
July 11, 2014
Mortgage giant Wells Fargo kicked off bank earnings on Friday, posting net income of $5.7 billion in the second quarter, or $1.01 earnings per share.
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