Google prepares to launch mortgage comparison tool

Google prepares to launch mortgage comparison tool

“Compare” service for mortgages already in use in the U.K.

Definitely the best Beige Book coverage on housing and mortgage finance

Thank you, Vince Vaughn

Goldman Sachs just nailed millennial homebuying

Publishes animated graph day before housing conference
W S

News

How many underwater homes hold risky second-liens?

Higher payments coming and average payment spike hits $146 per month
Trey Garrison
A second life for silent seconds risk? It could be, according to what RealtyTrac has found. Here's what's happening and why we all should be concerned.
Read More

Report: Citigroup forgot to send 23,000 settlement checks

Still owes $20 million as part of Independent Foreclosure Review
Ben Lane
According to a report from Bloomberg, Citigroup did not send settlement checks to approximately 23,000 borrowers who are eligible for payment under the Independent Foreclosure Review and is now preparing to mail out $20 million worth of checks to those borrowers.
Read More

Google prepares to launch mortgage comparison tool

“Compare” service for mortgages already in use in the U.K.
Ben Lane
It’s beginning to look like Google launching a mortgage payment calculator was the first step in a much larger plan to expand the online giant’s footprint in the mortgage market. According to a report from Gigaom, Google is preparing to launch a mortgage comparison tool via its Compare service.
Read More

Warning: Early GDP indicator flashing red

Atlanta Fed GDPNow forecast dropping ominously
Trey Garrison
If you’re looking for reassurances that everything will be okay, this isn’t the story. If you want the scoop on what the Atlanta Fed thinks and why it’s bad, keep reading.
Read More

More MLSs give Zillow direct home listings

Continues efforts to counter pending loss of ListHub data
Ben Lane
With ListHub-provided listings set to disappear from Zillow in just over a month, the Zillow Group is continuing in its efforts to secure listing agreements with multiple listing services to provide listing data directly to Zillow. Here are the latest members of Zillow’s Partnership Platform.
Read More

Definitely the best Beige Book coverage on housing and mortgage finance

Thank you, Vince Vaughn
Trey Garrison
Lending was up and home sales increased in most of the 12 Federal Reserve districts, according to the latest Beige Book released Wednesday. Here’s how it broke down, with thanks to a few Hollywood stars.
Read More

Goldman Sachs just nailed millennial homebuying

Publishes animated graph day before housing conference
Jacob Gaffney
Anyone need to know everything about millennials, homebuying, and their spending profiles? Oh, but you only have less than 60 seconds? Head to this hugely educational, animated graph on the Goldman Sachs website.
Read More

New Orleans planning huge public property auction

City seeks to revitalize blighted neighborhoods
Ben Lane
The city of New Orleans is planning to auction of 3,000 tax-adjudicated properties in an effort to revitalize some of the city’s blighted neighborhoods. According to a report in the New Orleans Times-Picayune, prospective buyers will be able to view the properties online beginning March 6 and may be able to claim a property for as little as $3,000.
Read More

MKM Partners recommends stock buys on these two mortgage insurers

Sees strong fundamentals for investors in MGIC, Radian
Trey Garrison
MKM Partners sees potential -- strong potential -- for investors in mortgage insurers, owing to where they see the housing industry going. Here's what they're saying.
Read More

Capital Economics on mortgage apps: Nowhere to go but up

Fundamentals point to upswing over the long haul
Trey Garrison
Mortgage rates finished February flat after a very down run through the bulk of the month. While some are concerned, here are a few reasons other analysts are much more optimistic.
Read More