Costs up, profits down: Closing a mortgage gets more expensive

Costs up, profits down: Closing a mortgage gets more expensive

In just one quarter the profit dropped $153 per loan

Blogatative Easing: Ben Bernanke, Brookings blogger

Return to the scene of the crime?

Mortgage brokers: Update your stump speech on mortgage lending, Mr. President

NAMB says mortgage brokers have been at forefront of reform
W S

The Ticker

Long foreclosure processes give borrowers free home

Cases rest on the state’s statutes of limitations
Brena Swanson
There are still tens of thousands of homeowners who have missed more than five years of mortgage payments. And according to an interesting legal quirk, they might be able to keep their homes for free now.
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San Francisco median home price nearly $1 million

Redfin: Early reading on February prices show strengthening
Trey Garrison
The median home price in San Francisco is pushing close to $1 million. (Dr. Evil nods in agreement.) And their early reading for February suggests the markets they survey are strengthening.
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3 things you need to understand about mortgage default rates

Urban Institute: First things first
Trey Garrison
The researchers at The Urban Institute have a new report worth a look. It’s a critical read if you’re going to understand mortgage default rates. Here’s what they have to say.
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Clayton Holdings acquires AVM provider Red Bell

Beginning of broader expansion into real estate
Brena Swanson
Clayton Holdings announced it acquired Red Bell Real Estate, and its sister company, Main Street Valuation. According to the president of Clayton, this will serve as the platform and the foundation for new initiatives within the broader real estate market.
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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.
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Sierra Pacific Mortgage harnesses Alight Mortgage Lending solution

Solution provides real time, financial forecasts
Brena Swanson
Sierra Pacific Mortgage announced it licensed Alight Mortgage Lending, a unique financial optimization application that will help the company’s plans for future growth.
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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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