Monday Morning Cup of Coffee: When will mortgage lending pick up?

Monday Morning Cup of Coffee: When will mortgage lending pick up?

Plus, more on the future of Fannie and Freddie

Fannie Mae: 3 reasons why this oil glut won't crash housing

It isn't the 1980s anymore

The Wrap: Appraisal activity continues to pick up in second week of August

Appraisal Foundation joins HousingWire
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News

Want Zillow to pay your mortgage for a year?

This $25,000 could be yours
Zillow is giving away $25,000 to pay one lucky person’s mortgage for an entire year. Hurry up though, the “Pay My Mortgage, Please” sweepstake ends Monday morning. Bonus: Details show how to get entered 10 times.
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Founder of Manhattan Mortgage opens MC Home Loans

Melissa Cohn starts new New York City-based lender
Industry veteran Melissa Cohn, who founded and ran Manhattan Mortgage Company for nearly 30 years then left to serve as the president of GuardHill Financial, is opening a new mortgage company based in New York City.
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Penthouse owned by ‘Psychic Hotline King’ is NYC’s 2nd most expensive rental

The man who brought us Miss Cleo commands $100K a month in rent
The man who was once called the “Psychic Hotline King," and the man that brought “Miss Cleo” into everyone’s TV throughout the 1990’s with their omnipresent infomercials, is also now the landlord commanding the second highest rent in all of New York City. Yes, you read all of that right.
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Nationstar gives $30 million for distressed homeowners in Milwaukee

Deal smooths way for public financing of Milwaukee Bucks arena
Nationstar Mortgage will provide up to $30 million to financially troubled Milwaukee homeowners under an agreement with the city. This comes after months of negotiations, a spate of critical press and upcoming hearings on how the city is financing the proposed $500 million Milwaukee Bucks arena, which media and analysts say is definitely related.
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Velocify announces partnership with Ellie Mae

Velocify’s solutions now available in Encompass
Velocify, a sales acceleration platform, announced that its solutions are now available through Ellie Mae’s all-in-one mortgage management solution, Encompass. According to a release from Velocify, the “seamless” integration allows lenders to order Velocify’s solutions directly through Encompass to drive quality and efficiency in the loan origination process.
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Just what is the Fed going to do about interest rates?

BofAML analysts still believe that rate hike is imminent; others call Fed “dithering”
After a week full of market volatility and upheaval, analysts from all sides are questioning what impact, if any, the events of the week are going to have on the Federal Open Markets Committee and the looming threat of rising interest rates. Here's all the consensus, with uniform opinion woefully lacking.
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Economic strength hinges on China

All eyes now on the Fed
One of the worst weeks for the stock market this year is coming to a close, but the worst may not be over. The country continues to question the health of China's economy, along with whether the Federal Reserve will raise interest rates next month.
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