Here's proof the housing bubble is about to burst

In California, a reversal of foreclosure fortunes

Lenders adapt to the homeowner bill of rights

Remember Ellie Mae’s cyber attack? It didn’t happen

No evidence of malicious attack found
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The Ticker

Housing starts increase 2.8% after cold winter

Single-family numbers rise again
April 16, 2014
Housing starts were at a seasonally adjusted rate of 946,000, a 2.8% increase from the revised February estimate of 920,000, but a 5.9% drop from the March 2013 rate of 1,005,000, with strength in the single-family component picking back up.
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With prices at six-year high, Southern California home sales hit a six-year low

April 15, 2014
The high costs are driving the amount of sales to a six-year low. There were a total of 17,638 new and resale houses and condos sold in the Southern California area in March. That's the lowest in March since 2008.
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Wells Fargo to expand acceptance of e-sign docs

April 15, 2014
The move comes months after the Federal Housing Administration’s announcement that it would be accepting more electronic signatures on mortgage-related documents as well.
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First mortgage default rate falls to 1.13%

S&P: More homeowners can afford their house
April 15, 2014
All five national indices showed a drop-off for the second month straight in March, with the first mortgage default rate hitting 1.13% in March, the lowest level since September 2006.
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When will Watt share his GSE plans?

FHFA director still silent
April 14, 2014
As discussions on Capitol Hill have intensified with multiple proposals for GSE reform coming from both sides of the aisle, Federal Housing Finance Agency Director Mel Watt’s voice will carry a significant amount of weight, provided that he actually uses it.
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Foreclosure sales drop to lowest level since 2007

Loan modifications remain steady
April 11, 2014
February’s foreclosure sales and starts dropped significantly from January’s totals to a level not seen since 2007. Those figures marked the lowest since HOPE NOW began recording data in 2007.
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Mortgage operations suffer differently at JPMorgan and Wells Fargo

Analyst breaks down the difference
April 11, 2014
Wells Fargo and JPMorgan Chase reported their first quarter earnings. Mortgage operations continue to suffer at both, but in very different ways.
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Mortgage-bond traders forced to take leave

Big banks tell traders to skip work
April 11, 2014
Mortgage-bond traders at JPMorgan Chase, Morgan Stanley and Royal Bank of Scotland were placed on leave and told not to come to work. Could it be related to a high profile court case involving fraudulent mortgage bond trading?
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After long, cold winter, Twin Cities housing market begins to thaw

April 10, 2014
Inventory levels are still near a 10-year low, but consumer should have more options to choose from this year than in years past, according to the Minneapolis Area Association of Realtors.
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Faulty mortgage lawsuit against Wells Fargo clears hurdles

Deals with $1.5 billion MBS fraud scheme
April 10, 2014
A lawsuit over an alleged $1.5 billion subprime mortgage-backed securities fraud scheme against Wells Fargo and Fortis Securities cleared a significant hurdle last week.
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