CFPB analyst cites 'profound' mortgage servicer community impact

FHFA reaches $280 million RMBS settlement with Barclays

RMBS settlement total now exceeds $16 billion

Whalen: Nonbanks are taking over mortgage originations

Regulators "get in the way"
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News

FHFA reaches $280 million RMBS settlement with Barclays

RMBS settlement total now exceeds $16 billion
April 24, 2014
The FHFA, as conservator of Fannie Mae and Freddie Mac, settled with Barclays Bank PLC to the tune of $280 million. Per the terms of the settlement agreement, Barclays will pay $227 million to Freddie and $53 million to Freddie.
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CFPB analyst cites 'profound' mortgage servicer community impact

January standards mean back to basics
April 24, 2014
In case of any violations (injury to consumer), the CFPB has the authority to hold both the servicer and the service provider accountable and subject to relevant penalties. One analyst there wants to be sure the mortgage industry understands this holistically.
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SEC charges jailed broker with fraud in real estate scam

April 24, 2014

Vitale allegedly told his investors that their funds were “100% protected” when they were not, and he claimed to be a financial expert with a business degree from Notre Dame. In fact, he never attended college after graduating from Notre Dame High School in West Haven, Conn.


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Where are homebuilders breaking ground?

A regional picture of home construction
April 24, 2014
While it is difficult to gauge the economy across the nation and in regional markets, these two charts from PulteGroup and D.R. Horton help paint a decent picture.
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Wingspan promotes Eshna Ghosh to senior vice president of business development

April 24, 2014
In her new role, Ghosh will continue to oversee Wingspan’s aggressive pursuit of new clients and expand current business lines.
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6 states and 13 metros with the biggest slow-down in sales

Bonus: 5 markets bouncing back the most in home prices
April 24, 2014
Despite the annual increase in residential sales volume nationwide, reported Wednesday, data from RealtyTrac shows that the sales volume in March decreased from a year ago in six states and 21 of the nation’s 50 largest metro areas.
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Malcolm Cisneros adds Dale Martin as senior counsel

April 24, 2014
Martin will join the firm’s real estate transactions and compliance practice group.
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HAMP loans about to reset at higher interest rates

...and will keep climbing
April 24, 2014
Freddie Mac is reminding mortgage servicers that interest rates on some HAMP rescues are about to start to tick higher.
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Small funds outperform large funds by 156%

April 24, 2014
According to data from Preqin, funds of less than $500 million in size that began investing between 2005 and 2011 posted median returns of 5.9%. That’s more than double the 2.3% return for funds over $1 billion.
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Housing will not save the U.S. economy

Home price increases aren’t having much impact anyway
April 24, 2014
Princeton economist Atif Mian and the University of Chicago’s Amir Sufi assert the housing industry doesn’t have the depth or capacity to save the U.S. economy. They may be onto something.
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