Single-family rental bonds are here to stay

Single-family rental bonds are here to stay

ABS East panel: Asset class will continue to grow

CFPB collecting data on 600 million credit accounts despite privacy, security risks

GAO report: Weaknesses in CFPB ability to assess data collection, oversight troubling

Ginnie Mae launches 5 new initiatives to increase mortgage lending

HUD secretary warns American Dream remains out of reach
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News

Fannie: Housing still trying to get traction amid consumer caution

GSE says near-term outlook steady on promising economic news
Trey Garrison
Fannie Mae predicts the second half of 2014 will pick up steam, according to the September Outlook report compiled by its Economic & Strategic Research Group.
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Home prices come in below analyst expectations at a mere 0.1% growth

July’s disappointing numbers comes on the heels of a downward June revision
Trey Garrison
House prices in July came in at just 0.1% up from the June printing, well below analyst expectation of 0.5% and continuing the slowdown in the second half of 2014. Here's how and why.
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Single-family rental bonds are here to stay

ABS East panel: Asset class will continue to grow
Ben Lane
During an ABS East panel on REO-to-rental securitizations, the panelist agreed that the asset class is here to stay. “The demand for these types of loans is very, very encouraging,” Colony American Finance's Beth O’Brien said. “This isn’t quite as new as it sounds.”
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Renters now better at paying their bills

Continue to witness improvement in credit risk
Brena Swanson
Renters continue to witness improvement in their credit risk, giving them more opportunities to receive better rental terms. And the improvement even helps property managers.
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Housing, tech stocks take a beating on troublesome data

HW 30 index look like a slaughterhouse floor
Trey Garrison
Declining economic activity and a serious drop in existing home sales opened the door for housing stocks to take a beating Monday.
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USRealty.com acquires national real estate brokerage

Housepad acquisition expands company's reach
Brena Swanson
USRealty.com announced it has acquired national real estate brokerage Housepad, which will enable it to offer cost-effective property sales for homeowners, commercial brokers, home-selling websites and institutional real estate portfolio managers.
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Single GSE bond is coming, but when?

FHFA, GSEs provide update at ABS East
Ben Lane
“The CSP is a very important goal of the enterprises,” FHFA Senior Associate Director Robert Fishman said. “We have made real progress on the software build, but development will continue for quite a while. This is not a done deal.”
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CFPB collecting data on 600 million credit accounts despite privacy, security risks

GAO report: Weaknesses in CFPB ability to assess data collection, oversight troubling
Trey Garrison
A Government Accountability Office comprehensive study released by the ranking member of the U.S. Senate Banking Committee confirms that the Consumer Financial Protection Bureau is collecting financial data on up to 600 million consumer credit card accounts, without sufficient security and privacy protections to ensure there is no risk of improper collection, use, or release of consumer financial data.
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Investors Unite: No, District Court ruling won’t affect GSE lawsuit

Ruling unconnected to issue of ‘third amendment sweep’
Trey Garrison
A ruling late Friday with U.S. District Judge Amy Jackson holding that Fannie Mae shareholders cannot sue the Department of Treasury in a derivative action may not be the blow to the shareholder case against Treasury that HousingWire first cast it as.
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Ginnie Mae launches 5 new initiatives to increase mortgage lending

HUD secretary warns American Dream remains out of reach
Brena Swanson
While homeownership is the cornerstone of the America dream, the new Secretary of the Department of Housing and Urban Development, Julián Castro, noted that this just isn’t as possible as it used to be for many Americans. But Ginnie Mae is quickly working to combat this.
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