CFPB: Data collection practices within the norm for regulators

CFPB: Data collection practices within the norm for regulators

Data collection essential for effective financial regs, spokesman tells HW

NMS Monitor: Is the 30-year mortgage the best product?

Challenges attendees at ABS East to “do something better"

Ginnie Mae launches 5 new initiatives to increase mortgage lending

HUD secretary warns American Dream remains out of reach
W S

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CFPB: Data collection practices within the norm for regulators

Data collection essential for effective financial regs, spokesman tells HW
Trey Garrison
The GAO’s report recognizes that the Bureau collects data on a scale similar to other regulators and uses that data to carry out its mission to protect consumers, a CFPB spokesperson says.
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NMS Monitor: Is the 30-year mortgage the best product?

Challenges attendees at ABS East to “do something better"
Ben Lane
"Believe it or not, and this is worth the price of your admission right here, the 30-year mortgage is not a constitutional or human right,” National Mortgage Settlement Monitor Joseph Smith told ABS East attendees. "I challenge you to do something better, to help borrowers own their houses faster."
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Turnaround: Millennials driving housing momentum?

Housing optimism boosted by millennial confidence
Brena Swanson
"Cynics might argue that these results represent no more than youthful exuberance, or perhaps some naiveté, but that’s missing the point. We need this generation to be confident and wanting to buy, regardless of the difficulties they face," said Zillow Chief Economist Stan Humphries.
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Remind me again what the “R” in “RMBS” stands for

Maybe it should be "rental"
Mark Fleming
The homeownership rate has fallen recently and all the panelists agreed that it seemed unlikely to return to its prior peak any time soon. The only question is: over time will the “R” in RMBS stand for Rental instead of Residential?
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Fannie: Housing still trying to get traction amid consumer caution

GSE says near-term outlook steady on promising economic news
Trey Garrison
Fannie Mae predicts the second half of 2014 will pick up steam, according to the September Outlook report compiled by its Economic & Strategic Research Group.
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Home prices come in below analyst expectations at a mere 0.1% growth

July’s disappointing numbers come on the heels of a downward June revision
Trey Garrison
House prices in July came in at just 0.1% up from the June printing, well below analyst expectation of 0.5% and continuing the slowdown in the second half of 2014. Here's how and why.
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Single-family rental bonds are here to stay

ABS East panel: Asset class will continue to grow
Ben Lane
During an ABS East panel on REO-to-rental securitizations, the panelist agreed that the asset class is here to stay. “The demand for these types of loans is very, very encouraging,” Colony American Finance's Beth O’Brien said. “This isn’t quite as new as it sounds.”
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Renters now better at paying their bills

Continue to witness improvement in credit risk
Brena Swanson
Renters continue to witness improvement in their credit risk, giving them more opportunities to receive better rental terms. And the improvement even helps property managers.
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Housing, tech stocks take a beating on troublesome data

HW 30 index look like a slaughterhouse floor
Trey Garrison
Declining economic activity and a serious drop in existing home sales opened the door for housing stocks to take a beating Monday.
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USRealty.com acquires national real estate brokerage

Housepad acquisition expands company's reach
Brena Swanson
USRealty.com announced it has acquired national real estate brokerage Housepad, which will enable it to offer cost-effective property sales for homeowners, commercial brokers, home-selling websites and institutional real estate portfolio managers.
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