Did little-known Arizona law start the appraiser death clock?

Did little-known Arizona law start the appraiser death clock?

Gov. Ducey inadvertently hands a victory to AMCs

Costs up, profits down: Closing a mortgage gets more expensive

In just one quarter the profit dropped $153 per loan

Mortgage brokers: Update your stump speech on mortgage lending, Mr. President

NAMB says mortgage brokers have been at forefront of reform
W S

News

Did little-known Arizona law start the appraiser death clock?

Gov. Ducey inadvertently hands a victory to AMCs
Jacob Gaffney
With the passage of the new state's budget, AMCs are emboldened to make a move towards pushing for more technology and fewer humans being involved in the appraisal process.
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Former FDIC chair unleashes sharp critique of Fannie, Freddie treatment

William Isaac says Treasury sweep of profits puts taxpayers at risk
Trey Garrison
The sweep of Freddie and Fannie profits to Treasury puts taxpayers at a great risk of having to bailout the GSEs if, as FHFA's OIG suggests, profitability goes south. The latest sounding the warning? The former head of the Federal Deposit Insurance Corp. Think he's right?
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New forward-looking quarterly measure says housing is healthy

Nationwide surveys predicts downturn unlikely
Trey Garrison
You can’t tell the players without a program, and you can’t know where housing is going unless you have as many readings as possible. To that end, Nationwide is offering a new quarterly analysis for the toolkit that's sunny. Is it too sunny?
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Wintrust Bank to acquire North Bank

Chicago-based bank purchased for $17 million
Ben Lane
The purchase price of $17 million is “subject to possible adjustment,” Wintrust said, and will be paid in cash in exchange for all outstanding shares of North Bank's common stock.
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CFPB releases 'Know Before You Owe' shopping toolkit

Designed to help buy a home
With the Consumer Financial Protection Bureau’s “Know Before You Owe” mortgage rule soon coming into implementation, the CFPB released a new toolkit to guide consumers through the process of shopping for a mortgage and buying a home.
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Lone Wolf Real Estate secures massive private equity investment

Vista financing to help drive growth
Brena Swanson
Vista Equity Partners announced it is investing in Lone Wolf Real Estate Technologies to help the company as it pursues new market opportunities and expands product development efforts. Right now, Lone Wolf serves nearly 10,000 real estate offices and 250,000 real estate professionals across the U.S. and Canada.
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HUD returns control of Detroit Housing Commission

DHC was in federal receivership for nearly 10 years
Ben Lane
Citing "consistent accountability and progress," the U.S. Department of Housing and Urban Development is finally handing control of the Detroit Housing Commission back to local authorities, after nearly 10 years of federal control.
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Long foreclosure processes give borrowers free home

Cases rest on the state’s statute of limitations
Brena Swanson
There are still tens of thousands of homeowners who have missed more than five years of mortgage payments. And according to an interesting legal quirk, they might be able to keep their homes for free now.
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Costs up, profits down: Closing a mortgage gets more expensive

In just one quarter the profit dropped $153 per loan
Trey Garrison
The net cost to originate a mortgage is growing and the profit from closing an origination is shrinking, despite growing loan balances and steady loan production. Can you spot the drag?
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San Francisco median home price nearly $1 million

Redfin: Early reading on February prices show strengthening
Trey Garrison
The median home price in San Francisco is pushing close to $1 million. (Dr. Evil nods in agreement.) And their early reading for February suggests the markets they survey are strengthening.
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