San Francisco leads the nation in property bidding wars

FHFA opens door for potential Fannie, Freddie CEO raises

Industry and politicians criticize proposal

Freddie Mac CEO: Ready for legislative solution

Looking at new risk-sharing deals, FICO alternatives
W S

News

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

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

Nationstar’s surprise 1Q loss pulls down nonbank servicers

NSM drops below 52-week low in afternoon trading
Trey Garrison
All the major nonbank mortgage servicers were bleeding in trading through early afternoon, after Nationstar Mortgage Holdings reported its first-quarter surprise loss. Here's where the red ink is spilling.
Read More

San Francisco leads the nation in property bidding wars

Well above national average
Brena Swanson
One city in California remains an anomaly in the housing market. As the majority of buyer and seller markets in the nation appear to be returning to healthier competition levels, San Francisco is nowhere near normalized.
Read More

In the world of real estate, Pacquiao beats Mayweather

Pac-Man even takes the furniture
Brena Swanson
Both Floyd Mayweather Jr. and Manny Pacquiao might be legends in the boxing ring, but their fight in the housing market doesn’t tell the same story.
Read More

Freddie Mac CEO: Ready for legislative solution

Looking at new risk-sharing deals, FICO alternatives
Jacob Gaffney
While much is made of Corker-Warner, Johnson-Crapo and other attempts to finally return the GSEs to the private market, less attention is given to the disruption such lawmaking may have on the internal, day-to-day operations at the housing behemoths.
Read More