Here's why the loanDepot CEO loves the CFPB

Here's why the loanDepot CEO loves the CFPB

Regulatory environment huge barrier to entry

Realtor.com: Housing inventory increased in February

Price appreciation encouraging owners to sell

Google prepares to launch mortgage comparison tool

“Compare” service for mortgages already in use in the U.K.
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News

Mortgage Contracting Services adds Greg Smith as assistant vice president

Will help oversee company’s compliance operations
Ben Lane
In this position, Smith will oversee the quality assurance and quality control operations in Ruston for both MCS’ field services and valuations divisions. Smith is also tasked with operational reporting and supporting data analytics for MCS.
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JPMorgan preps second ARM-only jumbo mortgage bond

$372.4 million offering receives triple-A ratings
Ben Lane
Kroll Bond Rating Agency, Moody’s Investor Service and Fitch Ratings each issued presale reports on J.P. Morgan Mortgage Trust 2015-IVR2, and each ratings agency awarded triple-A ratings to the majority of the offering’s classes. Here are the details.
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Wingspan lays off 100 more employees in Monroe

Are all 400 former JPMorgan Chase employees now gone?
Ben Lane
In October, Wingspan Portfolio Advisors laid off hundreds of employees in its Monroe, Louisiana location, leaving only an estimated 100 employees at the former JPMorgan Chase call center. Now those employees will soon be gone, too.
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Realtor.com: Housing inventory increased in February

Price appreciation encouraging owners to sell
Trey Garrison
Housing inventories are growing, with homeowners on the fence feeling the go-ahead from rising home prices. Here's what's happening.
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Housing’s critical problems are “intrinsic to the GSE charters”

Private capital at the center of reform
Brena Swanson
Michael Stegman, counselor to the secretary for housing finance policy with the Treasury, said at the Goldman Sachs Housing Finance Conference Thursday morning, that the current status quo is unsustainable and taxpayers are still on the hook.
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Freddie Mac: Mortgage rates at 21-month low

Economic factors push rates down
Trey Garrison
Mortgage rates slid again this past week, but with little impact on mortgage applications. Here's what happened.
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Mortgage credit got more available in February

Jumbos, 97% LTVs lead the way
Trey Garrison
Mortgage credit got more available in February, but not in the primary lanes. Here's what happened.
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Initial jobless claims jump dramatically

Bad omen for Friday’s employment situation report
Trey Garrison
Initial jobless claims jumped dramatically, and the 4-week rolling average is rising. This could be bad news for Friday and the economy in general.
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How many underwater homes hold risky second-liens?

Higher payments coming and average payment spike hits $146 per month
Trey Garrison
A second life for silent seconds risk? It could be, according to what RealtyTrac has found. Here's what's happening and why we all should be concerned.
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Report: Citigroup forgot to send 23,000 settlement checks

Still owes $20 million as part of Independent Foreclosure Review
Ben Lane
According to a report from Bloomberg, Citigroup did not send settlement checks to approximately 23,000 borrowers who are eligible for payment under the Independent Foreclosure Review and is now preparing to mail out $20 million worth of checks to those borrowers.
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