Here's proof the housing bubble is about to burst

In California, a reversal of foreclosure fortunes

Lenders adapt to the homeowner bill of rights

Remember Ellie Mae’s cyber attack? It didn’t happen

No evidence of malicious attack found
W S

News

Housing starts increase 2.8% after cold winter

Single-family numbers rise again
April 16, 2014
Housing starts were at a seasonally adjusted rate of 946,000, a 2.8% increase from the revised February estimate of 920,000, but a 5.9% drop from the March 2013 rate of 1,005,000, with strength in the single-family component picking back up.
Read More

BAC posts $276M loss in 1Q driven by $6B in mortgage litigation costs

Bank makes headway with legacy, delinquent mortgages
April 16, 2014
Heavy mortgage-related litigation expenses and a mortgage lending business in retreat hurt Bank of America in the first quarter of 2014, with the bank forking over $6 billion in mortgage-related litigation costs this quarter.
Read More

Mortgage applications climb 4.3%

Refis up as activity reverses four weeks of declines
April 16, 2014
Mortgage activity is up as of last week, after four weeks of declines.
Read More

With prices at six-year high, Southern California home sales hit a six-year low

April 15, 2014
The high costs are driving the amount of sales to a six-year low. There were a total of 17,638 new and resale houses and condos sold in the Southern California area in March. That's the lowest in March since 2008.
Read More

Wells Fargo to expand acceptance of e-sign docs

April 15, 2014
The move comes months after the Federal Housing Administration’s announcement that it would be accepting more electronic signatures on mortgage-related documents as well.
Read More

3 reasons cash-out refinances won’t be coming back

Total cashed-out dollars drops from $320 billion to $32 billion
April 15, 2014
According to data from RBS, the total cashed out dollars has tumbled from a peak of $320 billion in 2006 to $32 billion in 2013.
Read More

Inlanta Mortgage promotes two to executive positions

April 15, 2014
Jean Badciong has been promoted to chief compliance officer and Paul Buege has been promoted to chief operating officer.
Read More

Top 13 cities for freshly minted millennials

Where should you live?
April 15, 2014
Many millennials are topping off the final days of their college educations and entering the beginning stages of their career. So where are they choosing to live, or better yet, where should they live?
Read More

5 brilliant insights in the CoreLogic April MarketPulse

Short sales down, short-term mortgages up, HELOCs all over
April 15, 2014
Shorter-term mortgages are on the rise, rising rates and equity may mean more HELOCs and short sales may fall of the cliff.
Read More

Homebuilder survey: Housing slump ahoy!

NAHB index stuck below breakeven
April 15, 2014
The new home market is getting no spring lift whatsoever at least based on the National Association of Home Builder’s housing market index, which missed expectations for the last seven out of eight months, coming in at a lower-than-expected 47.
Read More