Fannie Mae: Collateral Underwriter not disrupting appraisals

FHFA hearing: GOP fear housing policy headed for Crash 2.0

Democrats say affordable housing, more lower-down policies needed

Ocwen: Mortgage bond investors mislead public, push foreclosures

Fires back at “baseless, groundless” charges of mortgage payment negligence
W S

News

Trulia doubles MLS partnerships in 2014

Now boasts direct relationships with 125 MLSs
Ben Lane
It turns out that 2014 was quite a good year for Trulia in terms of forming new partnerships with multiple listing services. During 2014 alone, Trulia entered into 69 new MLS relationships, with 21 in the fourth quarter alone, more than doubling its previous total.
Read More

Mortgage Bankers Association adds 21 new members

Closes 2014 with strong growth
Ben Lane
See who joined the Mortgage Bankers Association in the month of December.
Read More

Moody’s: Ocwen’s California settlement won’t hurt RMBS investors

But it’s not all sunshine and roses either
Ben Lane
For investors in RMBS that contain Ocwen-serviced loans, the impact of the California settlement will be felt, but nowhere nearly as deeply as if Ocwen’s punishment was more severe. But that doesn't mean that the impact of the settlement is minimal either.
Read More

ICBA: 73% of community banks say regulations hurt mortgage lending

Half of all rural banks don't qualify for QM's "rural" exception
Trey Garrison
Three-quarters of community bankers surveyed say that new mortgage regulations are impacting their ability to serve borrowers, blocking potential buyers from access to mortgage credit. Here are the findings.
Read More

Public housing officials won't verify whether residents are the truly needy

Housing authority not checking on residents
Trey Garrison
In a troubling report, it looks like some people taking advantage of public housing opportunities may not be the people who need public housing, and HUD doesn't know who is who. Here are the details.
Read More

CFPB issues confidential supervisory information bulletin

Non-disclosure agreements can't hinder CFPB oversight
Brena Swanson
The Consumer Financial Protection Bureau reminded the industry just how much power it has on Tuesday, when it issued a bulletin to supervised financial institutions, including nonbank companies, reviewing regulations about the treatment of confidential supervisory information.
Read More

WATCH: HUD Secretary Castro tells Daily Show FHA’s “trajectory” is strong

FHA’s reserve capital questioned by host Jon Stewart
Ben Lane
HUD Secretary Julián Castro continued his media tour Monday night, joining The Daily Show with Jon Stewart for a wide-ranging discussion touching on the recent announcement that FHA will cut its annual mortgage insurance premiums, whether the government has learned anything from the housing crisis and whether the FHA will need another bailout any time soon.
Read More

Pavaso tech solution delivers closing in under 15 minutes

Digital Close brings parties together to speed up process

“We had to verify the times with the escrow officers because we didn’t believe it at first," said Amy Moser, vice president of mortgage services at Mountain America Credit Union. "Digital closings are proving that secure delivery of documents prior to closing is not only convenient to our members, but extremely effective.”


Read More

Freddie Mac’s Frank Nothaft joins Corelogic as chief economist

Spent last 13 years as Freddie Mac’s chief economist
Ben Lane
After spending nearly 30 years with Freddie Mac, including the last 13 years as Freddie Mac’s chief economist, Frank Nothaft is leaving the government-sponsored enterprise to join Corelogic as the company’s senior vice president and chief economist.
Read More

Fannie Mae: Collateral Underwriter not disrupting appraisals

Appraisers need to see it in action
Brena Swanson
Before appraisers decide to shoot down any positive side to Fannie Mae’s Collateral Underwriter, Fannie said that they need to see it in action. In an exclusive interview with HousingWire, the enterprise explains its true goals behind the launch and how they will benefit the industry.
Read More