Judge tosses whistleblower letter, limits discovery in Zillow-Move suit

Judge tosses whistleblower letter, limits discovery in Zillow-Move suit

Motions to limit subpoenas, strike letter benefit Zillow in legal row

San Francisco leads the nation in property bidding wars

Well above national average

FHFA opens door for potential Fannie, Freddie CEO raises

Industry and politicians criticize proposal
W S

News

Accurate Group launches new appraisal technology

Fewer humans save time and money
Brena Swanson
Accurate Group launched its latest technology solution iValueNet, hoping to give mortgage lenders a choice on interior property inspections to help save time and money.
Read More

Planet Home Lending acquires HomeBridge Funding

Plans on expanding correspondent division product offerings
Brena Swanson
Planet Home Lending announced it is acquiring the employees and assets related to HomeBridge Funding, the correspondent division of HomeBridge Financial Services, helping establish the lender as a fully-integrated mortgage banker.
Read More

MBA: Mortgage delinquencies and foreclosures drop in 1Q

Is the housing market normalizing?
Trey Garrison
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 5.54% of all loans outstanding at the end of the first quarter of 2015. Analysts say it's a good sign for a market that's faced a lot of headwinds. Here's why.
Read More

Walker & Dunlop earnings skyrocket on record origination volume

Lender prepares for commercial mortgage refinancing wave
Brena Swanson
Walker & Dunlop posted a 198% increase in net income from first quarter 2014, and the lender sees even more opportunity in the future as it prepares for a commercial mortgage refinancing boom.
Read More

Judge tosses whistleblower letter, limits discovery in Zillow-Move suit

Motions to limit subpoenas, strike letter benefit Zillow in legal row
Trey Garrison
The judge’s decision in the battle between Zillow Group Move over allegations of theft of trade secrets and unfair competitive actions are a legal setback for Move.
Read More

Mortgage applications drop 4.6%

Drop in refinancings powers big decline
Trey Garrison
A precipitous drop in refinancing activity led the drag on mortgage applications last week, and despite purchase activity rising, it wasn't nearly enough. Here's what happened.
Read More

FHFA opens door for potential Fannie, Freddie CEO raises

Industry and politicians criticize proposal
Brena Swanson
The CEOs of Fannie Mae and Freddie Mac are in line for a potential pay raise, but the new opportunity has been met with sharp opposition from both the industry and those with political influence.
Read More

Redfin: Here’s how buyers are winning bidding wars

Top competitive markets in the nation
Brena Swanson
Over half of potential buyers will end up in a bidding war to land their future home. To help secure a house, Redfin pinpointed four features of winning offers that help them stand out.
Read More

Moody’s: Stopping eminent domain seizures of underwater mortgages a credit positive

Bill that would thwart municipal seizures good for RMBS
Trey Garrison
The House of Representatives’ Appropriations Subcommittee approved a bill last week for the fiscal year that would keep municipalities from using eminent domain to seize underwater mortgages. Here's why Moody's Investors Service says it's a good thing for investors.
Read More

CFPB: 26 million consumers are ‘credit invisible’

Blacks, Hispanics more likely to have limited credit record
Trey Garrison
The Consumer Financial Protection Bureau found that 26 million Americans are “credit invisible,” meaning they do not have any credit history with a nationwide consumer reporting agency. Here's why they say this is a problem.
Read More