Royal Bank of Scotland pulls petty mortgage stunt

Royal Bank of Scotland pulls petty mortgage stunt

Here's why we shouldn't be surprised

Foreclosure timelines in California, Nevada stay lengthy

Moody’s: Gradual decline to start in early 2016

What immigration reform means for housing

Growth potential among immigrants is substantial
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News

FHFA announces conforming loan limits for 2015

Only 46 counties increase; remainder of U.S. is unchanged
Ben Lane
According to the FHFA, the areas that will see conforming loan limit increases include the Denver, Colorado metro area; the Boston, Massachusetts metro area; the Baltimore, Maryland metro area; the Nashville, Tennessee metro area and the Seattle, Washington area.
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What immigration reform means for housing

Growth potential among immigrants is substantial
Kristin Messerli
With the recent announcement of President Obama’s Executive Order on immigration reform, responses from both sides of the political spectrum have been mixed. However, the reform can be expected to spur new opportunities for growth in the housing market.
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Title attorneys call Dustin Johnson’s lawsuit “laughable fairy tale”

Wittstadts ask judge to dismiss PGA golfer’s lawsuit
Ben Lane
"Johnson’s new yarn, that he and his friend are patsies in a complex, serpentine fraud scheme, would be even more laughable but for the damage that such patently false allegations cause to the reputations of good lawyers who are, without any question, the true victims here," title attorneys Mark and Rod Wittstadt say in an amended motion to dismiss.
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Boston’s top 7 suburbs

The best neighborhoods for home value growth at every price point
Trey Garrison
HousingWire is teaming with BuildZoom to identify the neighborhoods in major metros with the best home value appreciation. Here's how Old Towne breaks out.
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Foreclosure timelines in California, Nevada stay lengthy

Moody’s: Gradual decline to start in early 2016
Trey Garrison
Foreclosure timelines for private-label residential mortgage-backed securities loans backed by properties in California and Nevada, two non-judicial foreclosure states, will remain lengthy over the next year until gradually starting to decline in early 2016.
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SFR transactions a low risk of inducing downward price spirals

Moody’s: Failure to refi won’t result in forced sell-off
Trey Garrison
A steep drop in home prices would reduce liquidation recoveries in single-family rental securitizations if the transactions must sell properties to repay bondholders, but the risk that a transaction sponsor’s failure to refinance its loan would itself trigger a widespread property price decline that would in turn harm the transaction’s recoveries is low.
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Legal group sounds alarm on foreclosure rescue scams

Joint report looks at cost and tactics behind fraud
Trey Garrison
The Center for NYC Neighborhoods and the national Lawyers’ Committee for Civil Rights Under Law released a joint report on foreclosure rescue scams, what it costs, and what the latest tactics are.
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GuardHill Financial names Melissa Cohn president

Company plans expansion
Ben Lane
GuardHill Financial, a New York City-based mortgage banker and mortgage company, has named Melissa Cohn as the company’s new president. In this role, Cohn will lead the company’s day-to-day operations and “help drive forward the strategic vision for the company,” GuardHill said in a release.
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Royal Bank of Scotland pulls petty mortgage stunt

Here's why we shouldn't be surprised
Jacob Gaffney
In fact, the disdain banks and their branch workers have toward their customers is even the subject of one bank's marketing campaign — that's testament to just how widely accepted it is that customer service is terrible. Well, RBS reportedly did something to top it all.
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Freddie Mac to make loan-level loss data available to investors

Aims to increase transparency in credit risk-sharing offerings
Ben Lane
"It is important for investors to have this expanded view of credit risk, especially as we continue to grow and evolve our credit risk offerings,” said Kevin Palmer, vice president of single-family strategic credit costing and structuring for Freddie Mac.
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