This is the insane pool/patio video everyone is going crazy over

This is the insane pool/patio video everyone is going crazy over

Never expected our Facebook to blow up over one of these

Freddie Mac: Here are the top 5 improving metro housing markets

Not just L.A. and NYC

It’s official: Steve Horne out as Wingspan CEO

Jason Spooner takes over; Horne becomes senior advisor
W S

The Ticker

Bidder offers $3.2 million for 6,000 Detroit foreclosures

Buyer remains anonymous
Brena Swanson
Someone is stepping up to invest in Detroit, and while the person remains a mystery, an auction in Motor City of more than 6,000 foreclosed properties found an unidentified bidder who has offered $3.2 million for the buy.
Read More

Investors Unite hosts conference on Fannie, Freddie path out of conservatorship

White paper outlines different path for GSEs
Trey Garrison
Investors Unite Executive Director Tim Pagliara will host a teleconference on Oct. 29 at 3 pm EDT to discuss a provocative new white-paper analysis on the future of Freddie Mac and Fannie Mae.
Read More

Toll Brothers CEO calls new mortgage rules dumb

“3% down doesn’t make any sense”
Brena Swanson
Not every builder is on board with federal regulators’ move this week to open the credit box and ease mortgage-qualification standards. While other builders like PulteGroup and Ryland Group welcome the new rules, Luxury homebuilder Toll Brothers finds the rule dumb.
Read More

HUD fines Cincinnati landlord for failure to disclose lead paint

Meyer Management fined, ordered to conduct lead abatement
Ben Lane
According to the federal government, Meyer Management violated the Federal Residential Lead-Based Paint Hazard Reduction Act by failing to inform tenants that their homes may contain “potentially dangerous” levels of lead.
Read More

Jennifer Lawrence buys Jessica Simpson’s former home

Purchases bachelorette pad for $8.225 million
Brena Swanson
This Hunger Games star just purchased a new bachelorette pad for $8.225 million, but she's not the first celebrity to walk the halls of this Beverly Hills mansion.
Read More

Marriage ignites the desire to buy a home

...except people aren’t getting married
Brena Swanson
Marriage is no longer at the forefront of Americans' minds as more people choose to delay marriage, creating a ripple effect that pushes the prospect of homeownership further back.
Read More

HUD’s Castro and Sen. Heitkamp visit Indian Country

Survey unique housing needs on Indian reservations
Trey Garrison
HUD Secretary Julián Castro and U.S. Senator Heidi Heitkamp visited Belcourt to view housing challenges with black mold and overcrowding on the Turtle Mountain reservation, and toured Williston to examine the city’s rapidly expanding housing and infrastructure developments.
Read More

$1 billion in MSRs just became available

Loans backed by Fannie Mae and Ginnie Mae
Ben Lane
The portfolio features 97% fixed-rate and 100% first-lien product, a weighted average original FICO score of 716, a weighted average original loan-to-value ratio of 86%, and a weighted average interest rate of 4.53%, MountainView said.
Read More

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.
Read More

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%.
Read More