Freddie Mac CEO: We will help increase mortgage lending

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition

MBA forecasts 7% origination jump in 2015

Predicts unemployment at 5.4% by end of next year

Fitch: Two-year run of home price growth is over

“Several markets are still overvalued”
W S

News

Mortgage TrueView launches new HMDA scoring tool

Offers lenders insight into lending practices
Ben Lane
“For the first time, lenders have the ability to understand their own HMDA data in order to both stay compliant and increase loan volume for unintentionally underserved market segments,” the company said in a statement.
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Zillow: Mortgage rates remain at 16-month low

Rates below 4% for third week in a row
Ben Lane
Current rate borrowers were quoted an average interest rate of 3.81% on Zillow’s Mortgage Marketplace in the week that ended Tuesday, which equaled the previous week’s figure of 3.81%.
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JPMorgan’s latest jumbo RMBS receives AAA ratings from Fitch, KBRA

$262 million offering backed by 15-year notes
Ben Lane
Fitch Ratings and Kroll Bond Rating Agency both issued presale reports to JPMMT 2014-5 and awarded AAA ratings to the majority of the tranches of the deal.
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Capital Economics: Recovery in home sales marches on

Analysts bullish on housing
Trey Garrison
The increase in existing home sales in September took sales activity to a 12-month high, and with falling mortgage interest rates and what some see as an improving labor market, Capital Economics is getting bullish on housing.
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MBA’s Stevens: Final risk retention rule works for mortgage bankers

Alignment of QM and QRM helps lenders
Trey Garrison
The president and CEO of the Mortgage Bankers Association says he believes the final QRM definition issued today by the Federal Deposit Insurance Corporation will be a positive for the industry.
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MBA forecasts 7% origination jump in 2015

Predicts unemployment at 5.4% by end of next year
Sarah Wheeler
The MBA is projecting overall economic growth of 2.9% in 2015 and 2.4% in 2016, driven by strong consumer spending and business fixed investment as consumers spend on durable goods and businesses invest in equipment.
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Steve Stapleton joins HomeBridge as SVP

Oversees Midwest expansion
Brena Swanson
HomeBridge Financial Services named Steve Stapleton as senior vice president to help oversee the lender’s latest emphasis on growth throughout the central states region.
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Fitch: Two-year run of home price growth is over

“Several markets are still overvalued”
Ben Lane
“The cooling of the US housing market comes as no surprise after several years of unsustainable growth rates,” said Fitch Director Sean Nelson. “It’s also worth noting that nearly all major cities are experiencing the same home price flattening at the same time. “
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Sterne Agee: Tweaks to put-back rules won’t bait lenders to low FICO loans

LTV changes will open doors for some
Trey Garrison
The planned tweaks in mortgage put-back rules won’t draw major mortgage companies into offering loans to lower FICO borrowers, according to a client note from Sterne Agee, even though new Federal Housing Finance Agency plans to develop 95-97% LTV loans are a positive.
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DFS Superintendent Lawsky accuses Ocwen of backdating borrower letters

Stock plunges; Ocwen fires back
Trey Garrison
New York Department of Financial Services Superintendent Benjamin Lawsky alleges that Ocwen Financial has been backdating potentially hundreds of thousands of letters to borrowers “likely causing them significant harm.”
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