Ginnie Mae ditches paper and goes eMortgage

Ginnie Mae ditches paper and goes eMortgage

Electronic filing to start very soon

Fannie Mae offers new suite of HomePath financing

Goodbye HomePath Mortgage and HomePath Renovation

CNBC video: Home shortage could be due to real estate agents

Pocket listings drag down inventory?
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News

The housing market’s new normal?

2 things will have to change if we want the old market back again
July 23, 2014
What if the market the way it is now is the new normal?
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Ginnie Mae ditches paper and goes eMortgage

Electronic filing to start very soon
July 23, 2014
Ginnie Mae, the only issuer of government-backed mortgage bonds, announced it is moving away from paper-based issuer applications to an all-electronic system. As of September 1, all applicants will be required to file electronically, via the Application Connection.
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Kroll weighs in on Silver Bay Realty’s $312M rental securitization

Awards $147M in AAA ratings
July 23, 2014
“Large-scale institutional ownership and management of single-family rentals is a fairly new business model and US securitization structures of the assets are still evolving,” Kroll’s presale report states. “While SBY 2014-1 is the sixth transaction of its kind, performance data for the sector is limited.”
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Is this the way to cut housing costs when facing hardship?

The household is the biggest household expense
July 23, 2014
What’s the No. 1 way people would reduce their housing costs if they were hit with an unexpected financial burden?
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Freddie Mac: Housing growth remains stagnant

...But it's not all bad news
July 23, 2014
"We remain cautiously optimistic the housing recovery will continue, albeit slowly, until we see more tightening in the labor markets to give personal incomes a much-needed jolt,” Freddie Mac Chief Economist Frank Nothaft said.
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Growth in rest of 2014 won't make up for record slump in 1Q

Fannie: Expect 1.5% GDP after slowest 1Q since recession
July 23, 2014
Economic growth during the second half of 2014 likely won’t be strong enough to offset the weak activity from the first two quarters of the year, according to Fannie Mae’s Economic & Strategic Research Group.
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Mortgage applications rise 2.4% as roller coaster continues

Refinance share of mortgages reaches four-month high
July 23, 2014
Mortgage applications increased 2.4% from one week earlier, after a series of drops and a few peaks over the last few weeks, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 18, 2014.
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Black Knight: Foreclosures hit lowest level since May 2008

Twenty-six months of declines; prepay rate is up
July 23, 2014
The national inventory of loans in foreclosure declined again in June, down 1.5% for the month, almost 36% for the year, making this the 26th consecutive month of declines, Black Knight Financial Services reported.
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Google workers disturb homeowners' peace

Google said it responds to complaints
July 23, 2014
Google Fiber contractors are supposed to leave property in the condition they found it or better. According to local press in Kansas City, this isn't always the case.
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Silver Bay Realty prepping $312M rental securitization

Here comes another one
July 22, 2014
Morningstar was the first of the ratings agencies to issue a presale report on the Silver Bay offering and awarded $147.75 million in AAA ratings to the class A tranche.
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