Zillow: Top 10 markets to buy and sell your home now

Wealthier Americans mean a bigger bond market

More liquidity means more debt

Top 10 fastest growing cities in the nation

Most already home to thousands of millennials
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CoesterVMS upgrades Encompass integration

Cloud Control System now available as native application
Ben Lane
"Our development team has taken the time to build an integration that is years ahead of anything else on the market," said Brian Coester, CEO of CoesterVMS. "Our goal is to provide unprecedented means of efficiency to the mortgage origination process. This integration does that and more."
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WSJ: Student debt could cut home sales 8% in 2014

Effect of debt is major drain, new study says
Trey Garrison
One thing that hasn’t been underreported in housing in 2014 is the crushing amount of student debt out there, but Nick Timiraos looks into just how much it impacts housing and mortgage finance in the Wall Street Journal.
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Feds play Robin Hood under guise of National Mortgage Settlements

Forbes: Bank of America? More like Middle America
Trey Garrison
According to Forbes, while it sounds like it’s the Too Big To Fails that are footing the bill for mortgage settlements, turns out it’s not so much Bank of America on the hook so much as ordinary America.
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FHA-backed mortgages drop 19%

Lenders put limit on federal insurance
Brena Swanson
Major lenders and regulators are working hard to find common ground when it comes to home loans to lower-income Americans. As talks continue, the percent of federal Housing Administration loans given to borrowers with weaker credit scores is dropping.
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RPM Mortgage expands to East Coast

Acquires Regency Mortgage
Brena Swanson
RPM Mortgage acquired Regency Mortgage, a 14-branch private mortgage lender with operations in New Hampshire, Maine, Massachusetts, Vermont and Florida. This means Regency’s loan originators will have access to a larger menu of loan products, in addition to more technology and compliance support.
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HUD, administration announce Promise Zone competition

Cabinets coordinate on urban, rural development in 8 new spots
Trey Garrison
Housing and Urban Development Secretary Julián Castro joined Agriculture Secretary Tom Vilsack, Transportation Secretary Anthony Foxx, and Education Secretary Arne Duncan announced Friday morning a competition to designate a new round of Promise Zones.
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Progress Residential prices first REO-to-rental securitization

Pricing beginning to normalize in burgeoning asset class
Ben Lane
In a sign that the REO-to-rental securitization market is beginning to normalize, Progress Residential 2014-SFR1 priced similarly to the last REO-to-rental securitization, American Residential Properties’ $342.67 million securitization.
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CFPB memo ensures mortgage protections to same-sex marriages

Document reminds staffers all marriages are considered valid
Trey Garrison
With little fanfare, the Consumer Financial Protection Bureau took an important step forward when it issued guidance on mortgage treatment for legally married same-sex couples.
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Zillow: Top 10 markets to buy and sell your home now

California takes over one list
Brena Swanson
Now that the pace of home price appreciation is finally starting to slow, it is easier to see the truth behind which local markets favor either buyers or sellers. Zillow compiled a list of the top ten buyer and seller markets, with the West Coast dominating one list.
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Home Depot credit card breach surpasses Target's

Estimates 56 million credit cards breached
Brena Swanson
Home Depot continues to investigate its massive credit card breach, which is shaping up to be bigger than Target’s breach back in December 2013. And the true financial costs of the breach have yet to be determined.
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