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

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

Akron and Cleveland rank in bottom ten for price growth

Freddie Mac: 3 ways to improve your credit score right now

Next year's homebuyers need to start today

New legislation will break apart and sell Fannie Mae and Freddie Mac

House Democrats introduce new GSE reform measure
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The Ticker

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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New-home purchase applications dip slightly

Fall by 5% in June
July 10, 2014
Mortgage applications for new-home purchases fell by 5% compared to the previous month, while new single-family home sales ticked higher.
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Delivery of Loan Estimate creates risks for creditors

TILA-RESPA holds creditors responsible even when brokers deliver estimate
July 10, 2014

This is a call for more oversight and communication to ensure all parties are in compliance, and will ultimately have a large business impact if handled incorrectly.


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Fannie, Freddie foreclosure inventory hits new peak in Florida

Foreclosures in judicial states dwarf non-judicial states
July 9, 2014
According to a new report from the Wall Street Journal, the amount of foreclosure inventory held by Fannie Mae and Freddie Mac in Florida has reached a new high, topping the previous peak which was reached at the height of the foreclosure crisis in 2010.
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