Washington is protecting buyers right out of homeownership

Washington is protecting buyers right out of homeownership

BPC Housing Commissioner: Give borrowers a chance to fail

2 reasons the single-family rental securitization market won’t exceed $20 billion

$1 trillion market? Not even close.

Should mortgage technology and data be universally shared?

Yes, and no
W S

News

Even credit-worthy borrowers struggle to get a mortgage

Regulations, credit and affordability challenges persist
Trey Garrison
The national homeownership rate continues to decline and many say that it’s only going to get worse because of tighter lending standards, burdensome regulations that create lender uncertainty, and affordability challenges.
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Washington is protecting buyers right out of homeownership

BPC Housing Commissioner: Give borrowers a chance to fail
Trey Garrison
Government is protecting first-time, lower- and middle-income borrowers out of homeownership, and buyers need to be given a chance to fail. Or succeed.
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Churchill Mortgage promotes Doug Walker

Becomes VP of national sales support and business development
Brena Swanson
Churchill Mortgage promoted Doug Walker to vice president of national sales support and business development as the Brentwood, Tennessee-based lender continues to report solid growth.
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S&P/Experian: Mortgage default rates increasing

Rate rises after falling for almost a year
Brena Swanson
Consumer default rates rose in August, reversing a long downward trend.
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Credit unions to Senate Banking: Enough is enough

Credit unions are being overregulated with burdensome rules
Trey Garrison
XCEL Federal Credit Union President and CEO Linda McFadden will tell the Senate Banking Committee on Tuesday that “enough is enough” when it comes to the overregulation of credit unions, sources in Washington tell HousingWire.
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Treasury doesn’t want former Fannie CFO in GSE investor lawsuit

Claims despite his expertise Howard would be biased
Trey Garrison
A week ago HousingWire first reported that former Fannie Mae CFO J. Tim Howard was hired by Fairholme Funds in their lawsuit against the U.S. Treasury, and now the government is arguing against allowing Howard access to 800,000 pages of discovery documents.
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Wells Fargo: Top homeowner misconceptions

Survey finds borrowers don’t know their options
Brena Swanson
Despite homeowners knowing that now is a great time to buy a home, many borrowers are still reluctant to do so because of uncertainty about qualifying for a mortgage or navigating the home-buying process.
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$478 million in subprime-boom bonds to hit market

Part of $727 million package scheduled to trade Tuesday
Ben Lane
Now, $477.8 million more in subprime debt is available, and at least two of the biggest names in subprime are represented. According to Interactive Data, bonds from both Countrywide and Bear Stearns are part of this package.
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2 reasons the single-family rental securitization market won’t exceed $20 billion

$1 trillion market? Not even close.
Laurie Goodman
As home prices are bid up, smaller investors, who can do their own property management and thereby lower their total property management costs, will remain interested. But these securitizations based on loans to small investors face two challenges.
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Everyone agrees there must be housing finance reform

The problem is that no one can agree on the how of it
Trey Garrison
Housing finance reform is a nut that still can’t be cracked because of a lack of consensus among those involved, but most agree the status quo can’t continue.
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