Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

LandCastle Title’s operations will not be affected

8 avoidable mistakes first-time homebuyers keep making

Stop doing these things

Trending Thursday: CFPB data collection worse than the NSA?

Slowly but surely GSE shareholders cutting into Treasury, FHFA secrecy
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The Ticker

Manhattan real estate has never been more expensive

Average sales price for an apartment hits all-time high in 2nd quarter
Ben Lane
No one has ever argued that living in New York isn’t an expensive proposition, but a new report shows just how expensive it is to live in New York’s priciest borough. According to data from Douglas Elliman, it’s never been more expensive to live in Manhattan than it is right now.
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Family flees dream home because it used to be a meth house

Sells home at “significant” loss
Ben Lane
An Indiana family was driven from its “dream home” after discovering the home's history made the property a health hazard. Shortly after moving in, children started getting sick and it got worse from there.
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Tim McGraw partners with Chase to give homes to veterans

6 awarded so far, 30 more to come
Trey Garrison
Country star and actor Tim McGraw is a big supporter of the military and veterans, and now he’s teaming up with Chase Bank and Operation Homefront to give mortgage-free homes to veterans. Happy Independence Day, indeed.
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Fannie, Freddie CEOs awarded $3 million raises

Granted compensation of $4 million each
Brena Swanson
Both Fannie Mae and Freddie Mac CEOs were granted multimillion-dollar paydays by the Federal Housing Finance Agency. A move that comes with great objection from lawmakers and the White House.
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Optimal Blue launches mortgage pricing application

QuickSearch now available to loan officers
Brena Swanson
Optimal Blue introduced QuickSearch, a privately branded mortgage pricing app for mobile devices, during its 2015 Client Conference to allow loan officers to perform real-time pricing searches for their borrower.
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Chicago biz pub: Redfin school data isn’t accurate

School ratings critical for many buyers
Trey Garrison
Chicago Real Estate Daily, a Crain’s publication, says that Redfin is posting inaccurate ratings on some schools, which could potentially turn some buyers away from the neighborhoods around them.
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The history of g-fees

FHFA gives update to Congress
Brena Swanson
The average level of guarantee fees charged has increased since 2009. However, as the study shows, the changes will result in little or no change to borrowers. This chart gives a comprehensive history of g-fees since 2008.
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Seattle’s ‘Up’ house now facing demolition

Buyer backs out of deal for ultimate spite house
Ben Lane
A truly unique Seattle-area home that boasts neighbors like L.A. Fitness and Trader Joe’s is on the verge of being torn down, a sad end to a tale that many likened to a real-life ‘Up.’
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USDA reportedly raising guarantee fees for 0% down mortgages

Increase to go into effect on Oct. 1
Ben Lane
The price that borrowers pay for a 0% down payment loan from the U.S. Department of Agriculture’s Rural Housing Service is reportedly set to rise later this year. Click through to learn more.
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Black Knight updates LOS for TRID

Mortgage industry gets a little extra time
Brena Swanson
TRID is coming, and as a result, Black Knight Financial Services released the latest version of Empower, its loan origination system for retail and wholesale lending to be ready for the Consumer Financial Protection Bureau’s upcoming implementation date.
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