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

The Ticker

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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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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Parents hold key to first-time homebuyer success

"Without them, the recovery’s not sustainable"
Brena Swanson

Due to the growing student debt problem, first-time borrowers are finding it more difficult to afford owning a home. However, while it might be difficult to secure a loan though the bank, a second, closer option is starting to step in and help finance first homes: mom and dad.


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Is it time to ease lending standards?

Housing regulators face tough question
Brena Swanson
Car sales have recovered since the plague of the financial crisis, but the journey has not been as easy for housing. An article in The Wall Street Journal asks the tough question: Should mortgage lending standards ease?
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Challenging the status quo

Now is the time to question if you're ready for TILA-RESPA go-live
Mark McElroy

In planning for big changes to your organization, the key area of a digital transformation know as Operational Process is one that is absolutely pertinent in the wake of regulatory disruption such as TILA-RESPA.  


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CoesterVMS upgrades Encompass integration

Cloud Control System now available as native application
Ben Lane
"Our development team has taken the time to build an integration that is years ahead of anything else on the market," said Brian Coester, CEO of CoesterVMS. "Our goal is to provide unprecedented means of efficiency to the mortgage origination process. This integration does that and more."
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WSJ: Student debt could cut home sales 8% in 2014

Effect of debt is major drain, new study says
Trey Garrison
One thing that hasn’t been underreported in housing in 2014 is the crushing amount of student debt out there, but Nick Timiraos looks into just how much it impacts housing and mortgage finance in the Wall Street Journal.
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Feds play Robin Hood under guise of National Mortgage Settlements

Forbes: Bank of America? More like Middle America
Trey Garrison
According to Forbes, while it sounds like it’s the Too Big To Fails that are footing the bill for mortgage settlements, turns out it’s not so much Bank of America on the hook so much as ordinary America.
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FHA-backed mortgages drop 19%

Lenders put limit on federal insurance
Brena Swanson
Major lenders and regulators are working hard to find common ground when it comes to home loans to lower-income Americans. As talks continue, the percent of federal Housing Administration loans given to borrowers with weaker credit scores is dropping.
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RPM Mortgage expands to East Coast

Acquires Regency Mortgage
Brena Swanson
RPM Mortgage acquired Regency Mortgage, a 14-branch private mortgage lender with operations in New Hampshire, Maine, Massachusetts, Vermont and Florida. This means Regency’s loan originators will have access to a larger menu of loan products, in addition to more technology and compliance support.
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