Monday Morning Cup of Coffee: Home price and wage divergence raise alarms

Monday Morning Cup of Coffee: Home price and wage divergence raise alarms

Plus the endgame for two billion-dollar R&W settlements?

The 15 hottest markets for homebuyers and sellers this spring

California dominates list

Changes in FHA multifamily lending requirements squeeze lenders, owners

Pressure trickles down into rent increases in affordable units
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The Ticker

B2R Finance acquires investor solution provider Dwell Finance

Creates an end-to-end technology for customers
Brena Swanson
In its latest growth initiative, B2R Finance, a lender for single-family residential rental property investors, acquired Dwell Finance, creating a stronger, customer focused product.
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Consumer spending rose in April

Seasonal increase brings peak April since 2008
Trey Garrison
Daily self-reporting of spending averaged $91 in April, up from $86 in March but down from several monthly averages in 2014. Here's what happened.
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Solidifi acquires Southwest Financial Services

Strengthens Solidifi’s home equity market solutions
Brena Swanson
Solidifi, a provider of residential real estate appraisals, acquired Southwest Financial Services, strengthening Solidifi’s solutions for the home equity market.
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'Drug-induced orgy' destroys family's Airbnb rental home

Disturbing video of damage
Brena Swanson
One couple faces one of the worst scenarios after renting their home to strangers on Airbnb. What was meant to be four people soon multiplied as the house descended into a massively destructive orgy. The damage is extensive.
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Phoenix bans plywood for vacant REOs

Transparent plastic covers are now required
Brena Swanson
Phoenix residents and government officials decided to take a stand against blight in the city, passing a first-of-its-kind city ordinance. Plywood is out. SecureView is in.
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Court debates lifting time limitations on mortgage bond lawsuits

When does the clock start?
Brena Swanson
While investors who say they were duped into buying flawed mortgages have six years to sue, the court is currently trying to figure out when exactly the clock starts on the six years.
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Six housing agencies issue final rule for AMCs

Finalize minimum requirements
Brena Swanson
Housing authorities announced new minimum requirements for state registration and supervision of appraisal management companies. With the new rule, states may elect to register and supervise AMCs, but there are catches.
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Mortgage Bankers Association adds 11 new members in March

Here are the new members
Ben Lane
The Mortgage Bankers Association announced that it welcomed 11 new members into its ranks in the month of March. The additions continue the organization’s growth, as the MBA also added 31 new members in January and 16 members in February.
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HarborOne Bank acquires Merrimack Mortgage Company

Expands presence in New England
Brena Swanson
HarborOne Bank will acquire Merrimack Mortgage Company, assuring that the mortgage business will continue to be a significant component of its long-term strategy.
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$1.18 billion in Fannie, Freddie MSRs hit market

MountainView marketing two GSE pools
Ben Lane
Mortgage servicers hoping to get their hands on the servicing rights for loans owned by Freddie Mac and Fannie Mae have that chance, according to MountainView Servicing Group, which is acting as advisor in the sale of two separate sales of agency mortgage servicing rights.
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