Fannie Mae: Collateral Underwriter not disrupting appraisals

Ocwen: Mortgage bond investors mislead public, push foreclosures

Fires back at “baseless, groundless” charges of mortgage payment negligence

California settlement puts Ocwen on a leash

Prohibited from acquiring California MSRs without state’s approval
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News

Pavaso tech solution delivers closing in under 15 minutes

Digital Close brings parties together to speed up process

“We had to verify the times with the escrow officers because we didn’t believe it at first," said Amy Moser, vice president of mortgage services at Mountain America Credit Union. "Digital closings are proving that secure delivery of documents prior to closing is not only convenient to our members, but extremely effective.”


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Freddie Mac’s Frank Nothaft joins Corelogic as chief economist

Spent last 13 years as Freddie Mac’s chief economist
Ben Lane
After spending nearly 30 years with Freddie Mac, including the last 13 years as Freddie Mac’s chief economist, Frank Nothaft is leaving the government-sponsored enterprise to join Corelogic as the company’s senior vice president and chief economist.
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Fannie Mae: Collateral Underwriter not disrupting appraisals

Appraisers need to see it in action
Brena Swanson
Before appraisers decide to shoot down any positive side to Fannie Mae’s Collateral Underwriter, Fannie said that they need to see it in action. In an exclusive interview with HousingWire, the enterprise explains what their true goals behind today's launch and how they aren't bad at all.
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Arch MI launches new mortgage insurance company

Given financial strength rating of ‘A3’
Brena Swanson
Arch MI announced it is opening a new mortgage insurance company right as the market starts to increase focus in that area due to new regulations. The new company, AMG, is a mortgage insurance company specifically created for mortgage loans that originators intend to retain in their portfolios or include in private securitizations and is not subject to GSE requirements.
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FHFA hearing: GOP fear housing policy headed for Crash 2.0

Democrats say affordable housing, more lower-down policies needed
Trey Garrison
Is the housing policy being charted by the Obama Administration one that will expand housing opportunities or steer us into dangerous waters? Rep. Waters applauds the latest Fannie, Freddie initiatives. While Rep. Hensarling indicates it is "dumb regulation."
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S&P Case-Shiller: Is housing ready for spring homebuying season?

“Housing recovery barely on first base”
Brena Swanson
The spring homebuying season is just a couple months away. Due to the latest report on the continued slow down in home price growth, S&P Case-Shiller believes the market isn’t ready. However, not all economists agree, with at least one giving 2015 a strong forecast.
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New home sales in December rise an unbelievable 11.6%

New home sales in December rise an unbelievable 11.6%
Trey Garrison
New home sales just hit a seven-year high, but skepticism grows about the accuracy of reports with a margin of error in the mid-teens. Here are the details.
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Redfin: January home prices up, demand at record level

Rock-bottom interest rates, larger inventory get 2015 off to busy start
Trey Garrison
Growing inventory, growing demand and growing interest from first-time buyers are three reasons why Redfin is forecasting a strong January and a strong 2015. Here’s how it breaks down.
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First wave of ‘boomerang buyers’ become eligible for mortgages

RealtyTrac: Here’s where the action may heat up
Trey Garrison
The first wave of 7.3 million homeowners who lost their home to foreclosure or short sale during the foreclosure crisis are now past the seven-year window they conservatively need to repair their credit and qualify to buy a home.
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BlackRock discloses ownership stake in Altisource

Mortgage bond investor also reportedly threatening to sue Ocwen
Ben Lane
A Monday filing with the Securities and Exchange Commission shows that BlackRock is more than an interested party in the mortgage-backed securities whose loans are serviced by Ocwen and its affiliates. BlackRock also owns a substantial stake in Altisource Residential.
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