CFPB: Data collection practices within the norm for regulators

CFPB: Data collection practices within the norm for regulators

Data collection essential for effective financial regs, spokesman tells HW

NMS Monitor: Is the 30-year mortgage the best product?

Challenges attendees at ABS East to “do something better"

Ginnie Mae launches 5 new initiatives to increase mortgage lending

HUD secretary warns American Dream remains out of reach
W S

News

Mortgage industry professionals discover personalized solutions with custom technology
Keith Guenther
In an ever-changing market, mortgage servicers carry the increasingly difficult burden to justify the expense of software enhancements and extended development required to update their current technology, in order to merely maintain standards.
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NAR petitions for drone use

FAA policy prohibits any commercial use
Brena Swanson
As technology progresses, regulators are working to make sure laws are there to protect citizens. But one new area of technology caught the eye of the National Association of Realtors, which is hoping to use it to benefit the real estate industry.
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Half of Americans expect home prices to continue growing

Bankrate.com: Overall confidence up but more insecurity among women
Trey Garrison
More than half of Americans think home prices will continue to rise over the next 12 months, a new Bankrate.com report says.
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Here’s why MBA strongly opposes public CFPB complaint database

Creates more problems than solves, rife with privacy issues
Trey Garrison
The Mortgage Bankers Association strongly opposes making public the Consumer Financial Protection Bureau’s consumer complaint narrative database, an open letter from the MBA to the CFPB says.
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CFPB: Data collection practices within the norm for regulators

Data collection essential for effective financial regs, spokesman tells HW
Trey Garrison
The GAO’s report recognizes that the Bureau collects data on a scale similar to other regulators and uses that data to carry out its mission to protect consumers, a CFPB spokesperson says.
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NMS Monitor: Is the 30-year mortgage the best product?

Challenges attendees at ABS East to “do something better"
Ben Lane
"Believe it or not, and this is worth the price of your admission right here, the 30-year mortgage is not a constitutional or human right,” National Mortgage Settlement Monitor Joseph Smith told ABS East attendees. "I challenge you to do something better, to help borrowers own their houses faster."
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Turnaround: Millennials driving housing momentum?

Housing optimism boosted by millennial confidence
Brena Swanson
"Cynics might argue that these results represent no more than youthful exuberance, or perhaps some naiveté, but that’s missing the point. We need this generation to be confident and wanting to buy, regardless of the difficulties they face," said Zillow Chief Economist Stan Humphries.
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Remind me again what the "R" in "RMBS" stands for

Maybe it should be "rental"
Mark Fleming
The homeownership rate has fallen recently and all the panelists agreed that it seemed unlikely to return to its prior peak any time soon. The only question is: over time will the "R" in RMBS stand for Rental instead of Residential?
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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 come 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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