It's official: Citi reaches $7B RMBS settlement

Monday Morning Cup of Coffee: Housing hangs in the balance, San Fran and something stupid

Now we see whether 2014 is a bust or banner year for housing

Why LeBron James' return to Cleveland is huge real estate win

Akron and Cleveland rank in bottom ten for price growth
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The Ticker

Is Paul Krugman leaving Princeton in quiet disgrace?

Forbes hints the answer is 'yes'
July 14, 2014
Again, Krugman seems publicly unfazed by the criticism. Or is he? His latest piece ran Sunday in the New York Times and struck a notably different tone as it dealt with health care and largely steered clear of economics and politics. Time will tell if Krugman's resignation, and the alleged circumstances surrounding it, made him a changed man.
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HOPE NOW assisted 37,000 struggling borrowers in May

Number of helped homeowners reaches 7.05 million
July 14, 2014
HOPE NOW continues to help struggling homeowners, with an estimated 37,000 homeowners receiving permanent, affordable loan modifications from mortgage servicers in May.
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Join the conversation on TILA-RESPA rule

Our weekly summary
July 14, 2014
Comment on the possibility of "blind shopping," educating the consumer on the front end, or how to get more transparency in the loan estimate process.
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Republican CFPB renovation numbers don't add up

The fine print in the price tag
July 11, 2014
The expensive price tag on the Consumer Financial Protection Bureau’s office renovations is receiving a lot of criticism from GOP members. The only problem is that they are working with incorrect numbers.
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Banks aren’t being stingy on mortgage lending

They're being smart
July 11, 2014
It wasn’t at all unusual for prospective buyers to put as little as 3% down to get a mortgage, if they had to put anything down at all! “Them were the days,” my friends! But them were also unusual days. They represented a dramatic departure from normal lending standards.
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RI top court affirms MERS role as mortgagee

Court says MERS has authority to assign a mortgage
July 11, 2014
The Rhode Island Supreme Court ruled in favor of Mortgage Electronic Registration Systems, affirming MERS’ role as mortgagee, including its authority to assign a mortgage, the latest in a string of favorable court rulings.
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Millennial housing problems hit MBA's Stevens close to home

Even those who can buy won’t buy
July 11, 2014
Top housing expert and CEO of the Mortgage Bankers Association doesn’t have to look too far to see the impact of the financial crisis on millennials, with his own daughter choosing to forgo buying a home right now.
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What will consumers think of the Loan Estimate form?

Educational materials need to be delivered on the front end
July 11, 2014

In order to get a more confident consumer to show up at closing, the creditor must deliver accompanying education material specifically geared towards understanding definitions and terms displayed on the LE form.


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MGIC: Delinquencies on file drop in June

Writes $3.2 billion primary new insurance
July 10, 2014
MGIC Investment Corporation wrote $3.2 billion primary new insurance in June, a jump from $2.8 in May.
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Holder refuses to meet with BofA CEO

BofA attempts to create MBS deal
July 10, 2014
U.S. Attorney General Eric Holder refused to meet with Bank of America CEO Brian Moynihan to work out a multibillion-dollar deal to resolve faulty mortgage securities sold in the past.
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