Here’s why the FHFA is not a fan of principal reduction

Before you judge Dodd-Frank...

Urban Institute: "Can we really calculate the cost?"

Goldman Sachs: When will our kids move out?

Nearly half of California millennials still with parents
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The Ticker

Goldman hired for Radian Asset selloff

Pending private mortgage insurance rules speed up process
July 25, 2014
Radian hired Goldman Sachs to evaluate interest in its financial guaranty business Radian Asset, according to Radian. The company has been in the runoff since 2008.
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Bank of America Merrill Lynch concludes Dodd-Frank killed housing

Not coming back to life soon, either
July 25, 2014
“In testimony to Congress on QRM, Mr. Frank noted changing the US residential mortgage market was foremost among the very purpose of the statute,” said analysts Flanagan and Katz. And change that market it did — by sucking the life out of it.
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S&P receives wells notice over CMBS ratings

Tied to loans from 2011
July 25, 2014
Commercial-mortgage backed securities Standard & Poor graded in 2011 are under question after McGraw Hill Financial said it received a notice from the U.S. Securities and Exchange Commission that the regulator may seek an enforcement action.
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Non-U.S. banks up rules on bad loans

IASB overhauls finance-accounting rules
July 25, 2014
According to new regulations, European banks and other non-U.S. banks will have to record losses on bad loans more quickly and set aside more reserves for loan losses.
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Flagstar approves ULSA as an AMC

Provides appraisal services to retail, correspondent channels
July 25, 2014
Flagstar Bank approved Urban Lending Solutions Appraisals as an Appraisal Management Company, providing appraisal services to both Flagstar’s retail and correspondent channels.
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Taking the first steps to implement TILA-RESPA

The who, what and when of compliance
July 25, 2014
As we rapidly approach the start of the 1-year countdown to TILA-RESPA go-live, it’s time that we transition from our theories and tire-kicking into planning mode.
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RTS Pacific, Regional Trustee Services complete asset purchase agreement

New company expands Butler & Hosch brand into Seattle
July 24, 2014
Regional Trustee Services announced it completed an asset purchase agreement. Under the purchase, the complete assets including client base, open matters and employee base, are transferred from Regional Trustee Services Corporation to RTS Pacific.
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How hard is it to get a mortgage?

Depending on your circumstances, it’s not as hard as you may think
July 24, 2014
The Wall Street Journal identifies two distinct segments of potential borrowers — one can get credit fairly easily while the second group has a significantly more difficult time.
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Florida AG joins CFPB, FTC enforcement sweep

Announces four actions
July 24, 2014
Florida Attorney General Pam Bondi added her name to the list of states that filed a joint federal-state enforcement sweep targeting foreclosure scam operations, announcing four additional actions.
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The 7 dumbest big purchases — a house isn't one of them

July 24, 2014

Typically these items are just downright absurd, yet we've convinced ourselves that they're an important, practical, or smart purchase anyway. 


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