The real reason Fannie and Freddie don't do principal modifications

Julián Castro sworn in, spends first day as HUD Secretary

Former San Antonio mayor takes over for Shaun Donovan

Blackstone adviser: Investors worried about ‘serious correction’

Byron Wien still holds his line
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News

New legislative proposal would turn the post office into a bank

USPS could offer small loans, other banking services
July 29, 2014

Representative Cedric Richmond, D-La., has introduced a bill, called The Providing Opportunities for Savings, Transactions and Lending Act (or POSTAL Act, because it just had to have the catchy acronym), which would allow the USPS to offer "basic financial services."


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U.S. REO Partners names Mary Brill managing partner

Joins after 16 years at JPMorgan Chase
July 29, 2014
Brill joins USREOP from JPMorgan Chase, which she had been with since 1998. During her time at JPMorgan Chase, she held several positions, including REO manager, assistant vice president and senior operations analyst.
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Before reading into the homeownership rate drop…

Kolko puts numbers into perspective
July 29, 2014
Although the national homeownership rate is dropping slightly, it doesn't warrant a significant amount of concern, according to Trulia’s chief economist.
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4 tech troubles brokers and agents need to fix right now

The mortgage market could use this help
July 29, 2014
From agents approaching going mobile with the wrong priorities to brokers not using available data that could give great insight into their business to anyone not understanding the value of online ratings — there are many ways real estate professionals aren’t getting the most out of their technology.
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DOJ demands more in BofA, Countrywide deal

Deal hung up over penalties
July 29, 2014
The Department of Justice is not satisfied with its negotiations over Bank of America's cash penalty amount for the dealings of Countrywide and Merrill Lynch. The $13 billion is not enough.
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Case-Shiller: Home price gains declined in May 0.3%

Only Tampa and Charlotte saw price gains accelerate
July 29, 2014
Home price growth continued to slow in May as housing and the economy continue weakening trends, according to data through May 2014 in the S&P/Case-Shiller Home Price Indices, which shows housing prices posted a decline of 0.3% from April.
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The real reason Fannie and Freddie don't do principal modifications

Looking out for your retirement
July 29, 2014
Why is the government resisting principal mods? Because there is one big investor in MBS that the government is worried about – pension funds.
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$640 million in subprime-boom bonds coming to market

Two lists of “major” non-agency RMBS to bid separately
July 28, 2014
"My sense is that this is related to general risk reduction ahead of Wednesday’s FOMC announcement, Friday’s non-farm payroll report, and month end," David Varano of Interactive Data said. "Additionally, this could also be driven by certain investors looking to test the market after it appeared to easily absorb those two massive bid lists last week in order to gauge current demand levels."
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American Capital beats estimates by $0.19

REIT reports earnings per share of $0.87 in 2Q14
July 28, 2014
The company’s second quarter earnings were up from $0.71 in 1Q14.
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Blackstone adviser: Investors worried about ‘serious correction’

Byron Wien still holds his line
July 28, 2014
“But there are enough other positive signs that I am not altering my favorable forecast. If housing continues to be weak, I will probably have to change my view.”
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