Fannie Mae offers new suite of HomePath financing

Fannie Mae offers new suite of HomePath financing

Goodbye HomePath Mortgage and HomePath Renovation

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

Pocket listings drag down inventory?

Happy 4th birthday Dodd-Frank! Everyone hates you

How effective has Dodd-Frank really been?
W S

News

Fitch: Housing market getting ready to grow

Expects second half upturn, leading to strong 2015
July 22, 2014
In 2015, new home sales should increase by 20.4% over 2014, according to projections from analysts from Fitch Ratings. Existing home sales are also projected to regain the 5% loss expected in 2014.
Read More

Credit Suisse scores again in second BlackRock RMBS sale

Pool was acquired from UBS in 2008
July 22, 2014
Credit Suisse on Tuesday won two separate bids for a combined $4.4 billion pool of legacy residential mortgage-backed securities sold by BlackRock.
Read More

Altisource acquires Mortgage Builder, expands technology reach

Follows recent Equator acquisition
July 22, 2014
"The addition of Mortgage Builder's loan origination, servicing and electronic document management software enhances Altisource's current portfolio which provides customers with one of the most comprehensive real estate and mortgage lifecycle management platforms and services marketplaces available," William Shepro, CEO of Altisource, said.
Read More

Fannie Mae offers new suite of HomePath financing

Goodbye HomePath Mortgage and HomePath Renovation
July 22, 2014
In the updated selling guide, Fannie Mae announced three financing “flexibilities” for investing in Fannie Mae-owned properties. And here they are.
Read More

HUD audits BB&T over government-backed loans

Bank sets aside reserves of $53 million
July 22, 2014
BB&T is under the scrutiny of the U.S. Department of Housing and Urban Development while the housing authority looks into the bank's sales of government-backed loans.
Read More

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.
Read More

CIT Group, OneWest Bank merge, boost 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.
Read More

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.
Read More

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?
Read More

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.
Read More