3 quick takeaways from the mortgage conference happening right now

3 quick takeaways from the mortgage conference happening right now

Tidbits from SourceMedia Mortgage Servicing conference

New home sales plummet 14.5% in March

Spring buying season off with a whimper

4 metrics reveal California's true housing market

Foreclosures dwindle as home prices skyrocket
W S

Articles by Christina Mlynski

From HW Magazine

Is the bubble back?

Supply constraints, building demand force housing market seesaw
January 1, 2014
The housing market is a warrior. The industry has fought many battles, gotten pushed down — even trampled on — and yet, it always manages to find its footing to take on the days ahead. But the continued drag of employment numbers, coupled with housing demand constraints and extremely tight credit standards have led many industry experts to ask the question: Are we indeed on the path to yet another housing bubble?
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From HW Magazine

Pre-bubble HPA clouds industry

The extreme rate of home price growth is a cause for caution
December 2, 2013
Home prices continue to increase nationally. In fact, home prices jumped 12% on a year-over-year basis in September 2013 compared to a year prior, posting the 19th consecutive monthly year-over-year gain in home prices nationally, according to the most recent CoreLogic Home Price Index report.
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JPMorgan reaches $4.5B settlement over mortgage-bond claims

Deal resolves repurchase and servicing issues
November 15, 2013
The settlement represents another critical step in the bank’s efforts to resolve mortgage-related legacy matters.
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Ex-mortgage broker convicted in $2.4M mortgage scheme

Florida real estate agent sentenced to 11 years in prison
November 15, 2013
Jose Alvarado was found guilty on Sept. 9 of eight counts of wire fraud and six counts of bank fraud. He was sentenced to serve 135 months in prison for his role in a $2.4 million scheme.
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RMBS issuance likely to hit $35B in 2014

QRM standard will boost nonagency investor appetite
November 15, 2013
"Assuming the economy continues to recover and there are no major surprises, we expect issuance in 2014 to be more than twice what it was in 2013,” Barclays said.
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Eminent domain remains minor headwind as housing recovers

Home prices, government pushback favor investors
November 15, 2013
Before investors begin to sound the alarm on the program’s issues, market analysts expect eminent domain to remain an outlier risk, which, if widespread, could impact valuations drastically — although the likelihood is very low.
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HW 30 climbs after Fed Chair nominee testifies

Janet Yellen to keep her foot on the QE gas pedal
November 14, 2013
Housing stocks remained undeterred after Federal Reserve chair nominee Janet Yellen testified in front of the Senate Banking Committee Thursday. In fact, the HW 30 posted significant gains after Yellen showed no signs of taking her foot off the QE gas pedal.
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New home purchase apps post significant gains

MBA: Apps grow when employment numbers pick up
November 14, 2013
Mortgage applications for new home purchases increased by double-digits, signaling Americans are financially ready to begin the homebuying process again.
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Mortgage rates continue upward momentum

Solid economic data pushes 30-year FRM to two-month high
November 14, 2013
Fixed mortgage rates edged higher for the second week in a row on stronger than expected economic data, specifically the jobs report that shocked the market.
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HUD’s bid to sell soured mortgages stops short

November 13, 2013
The sales are an attempt by HUD to stem losses from its Mutual Mortgage Insurance fund, while providing an alternative for distressed borrowers that are on the brink of foreclosure. Even though investors did not meet the reserve requirements, the agency will carry on with business as usual.
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