More troubling signs point to potential increase in defaults

More troubling signs point to potential increase in defaults

And yet we introduce a 100% LTV mortgage

Calgary housing market a canary in the shale mine?

Home prices, sales plummet alongside price of crude oil

Here's why the loanDepot CEO loves the CFPB

Regulatory environment huge barrier to entry
W S

News

Investors Unite fact check Michael Stegman on GSEs

Fannie, Freddie shareholders says he’s wrong again
Trey Garrison
Treasury's Michael Stegman wouldn't win a popularity contest with GSE investors. But it's not just that he's got a contrary position -- they say he's wrong on principle and on the law. Here's why.
Read More

Unemployment rate falls as all-time high number drop out of labor force

Employers added 295K jobs in February
Trey Garrison
The unemployment rate dropped and an unbelievable number of jobs were added by employers, but the devil is in the details.
Read More

FHFA director Watt answers “What’s going on with HARP?”

Sets industry talks straight
Brena Swanson
After a town hall meeting on the Home Affordable Refinance Program on Wednesday, the housing market was left questioning if the program would be extended or possibly even expanded. And the industry was quick to ask FHFA Director Mel Watt to clarify at the Goldman Sachs Housing Finance Conference in New York City the next day.
Read More

Redwood Trust: 4 optimistic opportunities ahead for mortgage REITs

Experts weigh in on mREITS at Goldman Sachs Housing Finance Conference
Brena Swanson
While the overall consensus leaned toward a less-than-thriller year for mortgage real estate investment trusts, one expert at the Goldman Sachs Housing Finance Conference was optimistic about the future of mREITs.
Read More

Massachusetts Court of Appeals upholds MERS rights

Rules mortgage assignment was valid
Ben Lane
MERSCORP’s rights as mortgagee have come under fire in many courtrooms throughout the U.S., but a decision from the Massachusetts Court of Appeals reinforces the company’s right to assign a mortgage.
Read More

Realtor.com boosts Big Apple listings big time

Announces listing agreements with “prominent” New York brokerages
Ben Lane
Realtor.com, which has long boasted that it has the “most accurate” data of any online real estate site, took another step toward improving its data accuracy with the announcement of new listing agreements that will provide the site with direct feeds from several of New York’s “prominent” brokerages, and a listing service, as well.
Read More

Boston housing market slowdown isn’t the weather

Something else is freezing out the Olde Towne
Trey Garrison
Home sales in Boston are slowing, and while the city is currently buried under several feet of snow, it's not the weather. Here's the scoop.
Read More

NY appeals court approves Countrywide’s $8.5B settlement

BNY Mellon acted properly as trustee four years ago
Trey Garrison
This could be the final hurdle, and payouts could be coming soon in the rep and warranty settlement. Here’s what happened and what it could mean for JPM and Citibank’s settlements.
Read More

Calgary housing market a canary in the shale mine?

Home prices, sales plummet alongside price of crude oil
Trey Garrison
Oil prices dropping are making a lot of Americans happy. But not everyone. And what's happening up in Calgary could be coming to a lot of shale oil states. Here's why.
Read More

More troubling signs point to potential increase in defaults

And yet we introduce a 100% LTV mortgage
Lynn Effinger
These new reports indicate that we are most likely entering a period of higher risk over the next four years as it relates to resetting these “bubble-era” HELOCs. This is especially troubling given noticeably slowing home price appreciation in many markets across America.
Read More