Monday Morning Cup of Coffee: Spring turnaround, or spring-loaded trap?

Monday Morning Cup of Coffee: Spring turnaround, or spring-loaded trap?

The direction of housing and mortgage finance could turn this week

Move lawsuit against Zillow clears contempt hurdle with settlement

Move declares "full steam ahead" in prosecution

Freddie Mac completes largest sale ever of seriously delinquent loans

GCAT Management Services wins all three pools
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The Ticker

ComplianceEase acquires Mortgage Banking Systems

Acquisition better prepares company for TILA/RESPA
Brena Swanson
ComplianceEase, a provider of automated compliance solutions, acquired the assets of Mortgage Banking Systems, a provider of mortgage document preparation and closing software solutions. As a result, the company is now better prepared for all of the regulatory changes on the horizon, including TRID.
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Woman falls for real estate scam on Trulia

Scammer hijack listing
Brena Swanson
A woman fell victim to an Internet scam on Trulia’s real estate website after spending nearly $1,000, including sending a security deposit to a person she thought was the owner of the rental home.
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B2R Finance launches first multi-borrower single-family rental securitization

Consists of $230 million aggregate balance
Brena Swanson
Moving into a new territory for the industry, B2R Finance announced its first multi-borrower SFR securitization transaction.
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Florida homeowners can start claiming their $6.5M from SunTrust

More than 8,000 eligible Floridians
Brena Swanson
Here's some good news for Florida homeowners who were impacted by SunTrust. The office of Attorney General Pam Bondi sent out official claim forms for borrowers to receive their share of the National SunTrust Settlement.
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Final 4Q GDP estimate comes in below expectations

This last revision unchanged
Trey Garrison
Fourth quarter gross domestic product growth was unrevised overall, and disappointing. Here’s why it all fell short. Warning sign for 1Q15?
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ACA wants NY Supreme Court to reinstate Abacus lawsuit

Seeking $120M from Goldman Sachs over alleged fraud
Trey Garrison
ACA Financial Guaranty wants the supreme court in New York state to reinstate its lawsuit against Goldman Sachs over the Abacus CDO.
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‘Foolish’ survey: Will rising rates doom housing?

The answers from three motley analysts will surprise you
Trey Garrison
Predictions are like armpits – every economist has two of them and thinks theirs are the only ones that don’t stink. Here’s what three had to say about interest rates and home sales.
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Online mortgage lender moves into New Mexico

Plans to be in 21 states by end of 2015
Online mortgage lender Privlo continues to gain ground in the industry and announced its latest expansion into New Mexico. This is only the latest in a string of new expansions from Privlo.
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MIT grad’s new housing theory upsets Piketty’s work

And economists think his points are valid
Brena Swanson
A recent MIT graduate’s new paper puts up one of the greatest critiques to Thomas Piketty’s book “Capital in the Twenty-First Century,” which is renowned as one of the most influential books in history. And one the paper’s main points that is gaining ground: Housing’s role in growing returns on capital.
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United Wholesale Mortgage to offer Freddie Mac 97% LTV loans

Becomes latest participant in Home Possible Advantage program
Ben Lane
United Wholesale Mortgage is set to become the latest participant in Freddie Mac’s Home Possible Advantage program, which features 97% loan-to-value mortgages.
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