FHFA leaving g-fees alone, revising primary mortgage insurance requirements

FHFA leaving g-fees alone, revising primary mortgage insurance requirements

Move will lower fees for riskier borrowers; change is ‘revenue neutral’

Housing advocacy groups call on FHFA, CFPB to investigate “pro-foreclosure” tactics

Groups cite Ocwen as leader in preventing mortgage defaults

Court filing reveals name of anonymous whistleblower in Zillow/Move lawsuit

Former Zillow VP of Strategic Partnerships wrote the letter
W S

The Ticker

Mass. Appeals Court rules for MERS in mortgage assignment

Latest in a string of court victories
Trey Garrison
The Appeals Court of Massachusetts found in favor of Mortgage Electronic Registration System, Inc. and upheld the validity of its assignment of a mortgage.
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Wells Fargo breached national mortgage settlement

Judge finds bank did not properly evaluate homeowners
Trey Garrison
A federal judge has found that Wells Fargo breached a nationwide 2010 legal settlement involving adjustable-payment mortgages, finding that the bank did not properly judge and evaluate borrowers who applied for help to avoid foreclosures.
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Police arrest man in sexual assault on Arizona Realtor

Man posed as homebuyer at open house
Trey Garrison
Police in Arizona have arrested a suspect in a sexual assault on an Arizona Realtor in March. The man allegedly targeted the Realtor during an open house. Here's how it all went down.
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Homeless man discovers forgotten bank account

Includes enough money for a downpayment on a house
Brena Swanson
After spending years sleeping in a cardboard box, this homeless man can afford to make a downpayment on a house, thanks to a forgotten bank account.
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George Lucas to create massive affordable housing project

Neighbors shut down his original idea
Brena Swanson
George Lucas won’t let his neighbors stop him from his dreams. After shutting down his original attempt to develop his land in California with a studio, Lucas came up with a better plan. This time around, his focus is on helping others find housing.
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Jobless claims rise well above expectations

Weekly jump of 12K not expected
Trey Garrison
Jobless claims were expected to decline last week, but they rose against analyst expectations. Here's where the trouble was.
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It’s over: SEC settles with Freddie Mac executives

Former Freddie Mac CEO, others faced charges over subprime mortgages
Ben Lane
The Securities and Exchange Commission’s high-profile case against several former Freddie Mac executives over allegedly misleading investors about the quality of subprime mortgages is now over, and it ended rather quietly.
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Safeguard Properties launches new fast-track legislation tool

Features interactive map tool
Brena Swanson
Safeguard Properties launched a new resource to fall in line with the growing trend of fast-track legislation for vacant and abandoned properties in order to provide industry professionals with a new tool to stay above growing legislation.
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Urban Institute: 6 benefits to alternative credit scores

Could help millions access lending
Brena Swanson
Millions of previously “unscoreable” consumers are finally able to receive credit scores due to recent advances in alternative data and credit scoring methods. And thanks to these advances, industry experts found these significant positives for the housing market and future of lending.
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Collateral Analytics now automatically assigns appraisal property ratings

Works step-in-step with Fannie Mae CU
Brena Swanson
Collateral Analytics developed a new tool to assist appraisers in assessing the value of a home. The tool is based on historical and current property condition ratings for approximately 10 million single-family homes around the U.S.
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