CNBC video: Home shortage could be due to real estate agents

Mr. Frank goes back to Washington

Former Congressman to testify before Congress on Dodd-Frank impact

Happy 4th birthday Dodd-Frank! Everyone hates you

How effective has Dodd-Frank really been?
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News

Fannie Mae contractor Cyprexx accused of racial discrimination

Homes in African American, Latino neighborhoods were treated “very poorly”
July 22, 2014
"Cyprexx is required by federal law to maintain foreclosures without regard to the racial makeup of the neighborhood, but the evidence we uncovered flies in the face of that obligation," said Shanna Smith, CEO of the National Fair Housing Alliance. A Cyprexx source said the company was not made aware of any complaints and the NFHA, to his knowledge, never reached out.
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CIT Group, OneWest Bank merge, boosts capital position

Grows assets to $67 billion
July 22, 2014
"This transformational transaction will combine CIT's national middle market lending platform with OneWest's wholesale lending and branch banking franchise to create a unique provider of retail and institutional financial services," said John Thain, chairman and CEO, of OneWest.
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Most prospective buyers don’t know real cost of ownership

First-time homebuyers are overwhelmed by mortgage information
July 22, 2014
Almost half are unsure how to calculate their down payment and their monthly payment and most feel overwhelmed by the volume of information to absorb — especially those 30 and under.
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CNBC video: Home shortage could be due to real estate agents

Pocket listings drag down inventory?
July 22, 2014
Unsold inventory is 6.5% higher than a year ago, when there were 2.16 million existing homes available for sale. Could the hidden 'pocket listing' real estate market be to blame?
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Existing home sales in June down 2.3% YOY

Slight uptick from May brings pace to highest since October 2013
July 22, 2014
Existing home sales declined 2.3% in June 2014 from June 2013, reaching an annual pace of 5 million sales for the first time since October 2013, while rising inventory continues to push overall supply towards a more balanced market, according to the National Association of Realtors.
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Freedom Mortgage originations grow despite industry pullback

Smaller lenders steal more market share
July 22, 2014
As bigger players see a contraction in originations, Freedom Mortgage is recording strong growth.
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JPMorgan's $13B RMBS settlement progress...so far

Bank gives $6M in credited consumer relief
July 22, 2014
After reaching a $13 billion agreement to settle claims regarding the sale and issuance of faulty residential mortgage-backed securities, JPMorgan Chase is now being held accountable to make sure it is staying compliant on all of the requirements.
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Home price growth continued to cool in May

CoreLogic: Even higher-end homes showing weakness
July 22, 2014
Home prices rose just 0.4% in May from the previous month, the Federal Housing Finance Agency reported Tuesday, continuing the rapid cool down in price appreciation in the housing market.
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Real Estate Strategies launches low-balance mortgage solution

Closes sale of more than 1,300 mortgage notes
July 21, 2014
Real Estate Strategies, a brokerage firm, closed the sale of more than 1,300 mortgage notes with an average unpaid balance of $75,000, with a new solution that is designed to address lower balance mortgages.
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Alan Doran joins OneTitle as executive vice president

Will lead underwriting, legal and regulatory affairs
July 21, 2014
At OneTitle, Doran will oversee all underwriting, legal, fraud prevention and regulatory affairs for OneTitle and will help drive the company’s continued expansion and success.
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