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

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

House Democrats introduce new GSE reform measure

4 quick reactions to FHFA mortgage insurer liquidity plan

Regulators want proof insurers can pay claims

A response to zombie properties

Effective legislation should produce real solutions
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The Ticker

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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The truth behind millennial housing numbers

Reports leave out key detail
July 9, 2014
Despite an overabundance of news reports on how millennials are the new roadblock to housing, there's one very important factor that is being left out of the mix.
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Wingspan looks to grow in Florida

Hiring for numerous positions
July 9, 2014
Wingspan Portfolio Advisors is looking to significantly expand its offices in Melbourne, Florida, hiring for a variety of mortgage-related positions.
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Morgan Stanley surprised by reported Citi settlement size

Represents high proportion of bond issuance
July 9, 2014
According to Morgan Stanley analysts Betsy Graseck and Manan Gosalia, even a $7 billion settlement may be too dire, when compared to the recent JPMorgan settlement.
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Housing will crash again and here’s why

The imaginary perpetual motion machine of home equity
July 9, 2014
The speculative excesses that inflated the previous housing bubble continue to feed the magical thinking, and to feed the housing bubble that will crash again, argues Charles Hughes Smith at Of Two Minds.
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