Ginnie Mae ditches paper and goes eMortgage

Ginnie Mae ditches paper and goes eMortgage

Electronic filing to start very soon

Fannie Mae offers new suite of HomePath financing

Goodbye HomePath Mortgage and HomePath Renovation

CNBC video: Home shortage could be due to real estate agents

Pocket listings drag down inventory?
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News

The first: Jefferies trader Litvak gets 2 years for TARP fraud

Rogue RMBS trader sole conviction carries $1.75m fine
July 23, 2014
Former Jefferies & Co. Managing Director Jesse Litvak was sentenced to two years in prison for lying to clients about mortgage-backed securities, Bloomberg is reporting. The conviction is the first of its kind and very rare generally.
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A $4.25M home in Rancho Mirage for the Obamas?

Wherever they end up, it’s going to affect the neighbors
July 23, 2014
Outgoing and semi-retired President Obama is reportedly eyeing a home in Rancho Mirage listed at $4.25 million, and the first family might be closing before the month is out.
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CFPB, FTC file 9 lawsuits against deceptive foreclosure firms

Regulators perform giant sweep of industry
July 23, 2014
In a giant sweep against foreclosure relief scammers, the CFPB, FTC and 15 states are filing a handful of lawsuits against companies and individuals that collected more than $25 million in illegal advance fees with false promises to prevent foreclosures.
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The housing market’s new normal?

2 things will have to change if we want the old market back again
July 23, 2014
What if the market the way it is now is the new normal?
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Ginnie Mae ditches paper and goes eMortgage

Electronic filing to start very soon
July 23, 2014
Ginnie Mae, the only issuer of government-backed mortgage bonds, announced it is moving away from paper-based issuer applications to an all-electronic system. As of September 1, all applicants will be required to file electronically, via the Application Connection.
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Kroll weighs in on Silver Bay Realty’s $312M rental securitization

Awards $147M in AAA ratings
July 23, 2014
“Large-scale institutional ownership and management of single-family rentals is a fairly new business model and US securitization structures of the assets are still evolving,” Kroll’s presale report states. “While SBY 2014-1 is the sixth transaction of its kind, performance data for the sector is limited.”
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Is this the way to cut housing costs when facing hardship?

The household is the biggest household expense
July 23, 2014
What’s the No. 1 way people would reduce their housing costs if they were hit with an unexpected financial burden?
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Freddie Mac: Housing growth remains stagnant

...But it's not all bad news
July 23, 2014
"We remain cautiously optimistic the housing recovery will continue, albeit slowly, until we see more tightening in the labor markets to give personal incomes a much-needed jolt,” Freddie Mac Chief Economist Frank Nothaft said.
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Growth in rest of 2014 won't make up for record slump in 1Q

Fannie: Expect 1.5% GDP after slowest 1Q since recession
July 23, 2014
Economic growth during the second half of 2014 likely won’t be strong enough to offset the weak activity from the first two quarters of the year, according to Fannie Mae’s Economic & Strategic Research Group.
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Mortgage applications rise 2.4% as roller coaster continues

Refinance share of mortgages reaches four-month high
July 23, 2014
Mortgage applications increased 2.4% from one week earlier, after a series of drops and a few peaks over the last few weeks, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 18, 2014.
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