Trending Thursday: Housing, mortgage finance getting a break from Washington?

Trending Thursday: Housing, mortgage finance getting a break from Washington?

Plus untying Fannie, Freddie and the whole Gordian knot of conservatorship

Existing home sales crater in April, falling 3.3%

Spring buying stalls out after strong March performance

It's official: NYDFS Superintendent Ben Lawsky stepping down

4 years as leader of “long reach” New York financial regulator
W S

The Ticker

Analyst: Housing bubble not a question of if but when

As in, when is it going to implode?
Trey Garrison
Charles Hughes Smith at oftwominds.com warns that the industry may be just two years from an implosion of the bubble we’re in. Also, if you didn’t know, he argues we’re already in an echo bubble from the last bubble. Read on.
Read More

Minimum wage workers can’t afford rent

Affordability out of control
Brena Swanson
The gap between stagnant incomes and rising rents in many parts of the country is growing out of control. Right now, there is no state in the country where someone earning either the state or federal minimum wage can afford a market-rate one-bedroom apartment.
Read More

Auction.com partners with Juwai.com to bring U.S. listings to Chinese buyers

Deal will bring access to Juwai.com’s 2.6M Chinese speaking clients
Trey Garrison
The top real estate portal in China and the U.S. online real estate marketplace Auction.com are joining forces to bring Chinese buyers to American commercial and residential real estate listings. Here’s the deal.
Read More

PropertyRadar: California home sales up 9%

Homebuyers stepping up to the plate
Brena Swanson
California single-family home and condominium sales were up 9% in April mostly due to the 9.2% gain in non-distressed property sales. But before you get too excited, it is still too early in the year to say the California real estate market is off to the races.
Read More

CoreLogic to add 500 jobs in North Texas

Opens new campus
Brena Swanson
Good news for North Texas. CoreLogic could create an additional 500 jobs and attract more workers in the area as part of a larger consolidation in the region.
Read More

HOPE NOW: Foreclosure alternatives significantly outpace foreclosure sales

444,000 homeowners receive non-foreclosure solutions
Brena Swanson
Approximately 444,000 homeowners received non-foreclosure solutions from mortgage servicers in the first quarter of 2015. And as a positive result, the combination of total loan modifications, short sales, deeds in lieu and workout plans greatly outpaced foreclosure sales.
Read More

Judge dismisses BofA, U.S. Bank mortgage-bond lawsuits

Three suits tossed out
Brena Swanson
U.S. Bank and Bank of America are in the clear after a Manhattan U.S. district judge threw out three suits alleging breaches over mortgage-backed securities.
Read More

Poltergeist House now listed on Trulia

"Perfect for entertaining numerous guests"
Brena Swanson
It’s the perfect advertisement for true Poltergeist fans. The Poltergeist house is now listed on Trulia as a witty ad tie-in for the new remake of the movie coming out. Be sure to check out the house’s crime report.
Read More

IDS, Pavaso team to create completely digital closing process

Combines strength from both company products
Brena Swanson
Mortgage document preparation vendor International Document Services and tech provider Pavaso entered into a partnership to create a completely digital process from document issuance through closing.
Read More

Veros now offers first direct connection to FHA appraisal portal

Will allow lenders to send appraisals through Veros’ software
Ben Lane
Veros Real Estate Solutions, which already serves as the vendor for the Federal Housing Administration’s electronic portal for appraisal reports and data submissions, announced Monday that it is implementing a direct connection to the portal, which will allow for electronic appraisal submissions through Veros’ proprietary product, Pathway.
Read More