Monday Morning Cup of Coffee: Is housing strong enough to weather rate hikes?

Monday Morning Cup of Coffee: Is housing strong enough to weather rate hikes?

Plus the mortgage bond outlook, the NYT joins the GSE investor struggle, and more

Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

LandCastle Title’s operations will not be affected

8 avoidable mistakes first-time homebuyers keep making

Stop doing these things
W S

News

What to expect when you’re expecting a CFPB administrative action

A deeper look at PHH ruling reveals how the bureau views enforcement
Trey Garrison
In early June, Consumer Financial Protection Bureau Director Richard Cordray issued a decision in the first appeal of an agency administrative enforcement proceeding against a mortgage lender, and a deeper look shows how the regulator will proceed with such actions.
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Consumer spending flat in June

Americans hold fast even as rates increase
Trey Garrison
Americans' daily self-reports of spending averaged $90 for the month of June, essentially unchanged from the previous two months, despite the surge in homebuying brought on by worries about rising interest rates. Here's what's happening.
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Black Knight: 6.5M borrowers stand to benefit from refi

Half a million could save $500 a month
Trey Garrison
Between traditional and HARP programs, approximately 6.5 million borrowers could likely both qualify for and benefit from refinancing, according to the latest Black Knight Financial Services Mortgage Monitor Report. Want to know more?
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Monday Morning Cup of Coffee: Is housing strong enough to weather rate hikes?

Plus the mortgage bond outlook, the NYT joins the GSE investor struggle, and more
Trey Garrison
Going into the second half of 2015, where is the housing recovery, and is it strong enough to deal with what many say is still an inevitable rate hike? Plus a look at price growth, agency MBS, the latest turn in FannieGate, and more. Read on.
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Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

LandCastle Title’s operations will not be affected
Ben Lane
One source told HousingWire that MSW — a Georgia-based law firm that made national headlines last year when the firm sued its former managing partner for allegedly embezzling $30 million from the firm’s accounts and the accounts of the firm’s subsidiary, LandCastle Title — has not yet filed bankruptcy, perhaps due to the looming July 4th holiday, but the source expects the firm to file as early as Monday.
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Corpse found in $1M San Francisco house for sale

Price could go higher
Brena Swanson
Despite finding a mummified corpse of the homeowner in a Lake District Victorian house for sale in San Francisco, the house still received a $1 million bid.
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Jean-Claude Van Damme lists $10M seaside LA house

Nearly $4M more than he paid
Brena Swanson
One of Hollywood’s most famous martial arts-trained actors, Jean-Claude Van Damme, put his beautiful seaside mansion in Marina Del Rey up for sale for $9.9 million.
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SEC fines hedge fund advisor for inflating mortgage bond prices

AlphaBridge Capital Management clients charged higher fees
Ben Lane
The Securities and Exchange Commission fined a Connecticut-based hedge fund advisory firm for fraudulently inflating the prices of residential mortgage-backed securities in hedge fund portfolios it managed.
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8 avoidable mistakes first-time homebuyers keep making

Stop doing these things
Brena Swanson
The last thing a first-time homebuyer wants to do is mess the entire homebuying process by doing one of these common mistakes. Here are mistakes 8 things that could ruin the homebuying process.
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Trending Thursday: CFPB data collection worse than the NSA?

Slowly but surely GSE shareholders cutting into Treasury, FHFA secrecy
Trey Garrison
If you liked the NSA spying on innocent Americans, you’ll love what the CFPB is up to. Plus, is the mortgage industry ready for the coming surge of minority homebuyers, Dodd-Frank is turning five this month, and more.
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