Exclusive: Redfin’s chief economist answers 5 tough questions

Exclusive: Redfin’s chief economist answers 5 tough questions

Nationalizing the GSEs, the silver bullet for Washington policy and more

HUD: Associated Bank ‘redlining’ settlement largest ever

HUD Secretary Castro says settlement “sends a strong message”

Housing in places like New York, San Francisco fail more than just the locals

Local policies curtail worker freedoms
W S

News

Newbold Advisors adds Detta Cutright as managing director

Will oversee financial services area
Ben Lane
In this role, Cutright will oversee business development within the financial services area, with particular focus on national and regional mortgage lenders, the company said in a release.
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Ocwen closing residential servicing operations in Houston

Facility was company’s smallest call center in U.S.
Ben Lane
Ocwen Financial announced Wednesday that after conducting a “strategic review” of its operations, the company is shutting down its residential mortgage servicing operations at its facility in Houston. The decision to shutter the call center will affect 140 residential servicing employees, whose positions will be eliminated.
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Freddie Mac eliminates Loan Prospector fee

Opens liquidity in the market
Brena Swanson
Freddie Mac is choosing to make a giant investment in its customers, and starting on June 1, the GSE will no longer charge lenders $20 to use its automated underwriting service, Loan Prospector.
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Ottawa real estate agent guilty of attempted murder

Lured wife into garage and then tried to brain her with bat
A real estate agent in Ottawa, who lured his wife into his garage promising a present and hit her twice in the head with a baseball bat, was found guilty of attempted murder this week.
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Elizabeth Warren flipped houses while denouncing speculators

Made plenty of profits at what she called a myth
Trey Garrison
The National Review is looking into leading progressive Democrat Elizabeth Warren’s background, and what they found is surprising – the leading progressive voice on industry regulation made a killing doing what she condemns – flipping houses.
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RBS mortgage settlement with FHFA could reach $4.5B

First of 18 lawsuits from FHFA
Brena Swanson
The Royal Bank of Scotland Group could pay as much as $4.5 billion to resolve claims of misconduct in its handling of U.S. mortgage securities, marking the first out of 18 lawsuits from the Federal Housing Finance Agency to reach trial.
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Exclusive: Redfin’s chief economist answers 5 tough questions

Nationalizing the GSEs, the silver bullet for Washington policy and more
Trey Garrison
HousingWire met up with Redfin’s chief economist, Nela Richardson, and discussed a host of critical housing and mortgage finance issues. Punchy, short and sweet — here are five quick answers to some hard questions.
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Freddie Mac: The top 5 improving metros right now

Housing market recovery chugs along
Brena Swanson
While still struggling, the housing market is improving. Freddie Mac’s latest housing report highlights 5 metros that are outpacing the rest of the market.
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HUD: Associated Bank ‘redlining’ settlement largest ever

HUD Secretary Castro says settlement “sends a strong message”
Ben Lane
According to HUD’s statement, the original complaint against Associated Bank was one of the largest “redlining” complaints brought by the federal government against a mortgage lender, and the $200 million settlement with Associated Bank is the largest of its kind that HUD has ever reached.
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Carrington Loan now available through wholesale lending division

Widens door for underserved borrowers
Brena Swanson
Carrington Mortgage Services is once again widening the door for underserved borrowers. This time the lender is making its Carrington Loan available through its national wholesale lending division.
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