Housing shouldn’t look at any color but the color of money

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling
W S

Articles by Sarah Wheeler

Goldman Sachs agrees to pay $3.15B in FHFA suit

Settlement will resolve RMBS claims
Sarah Wheeler

The FHFA has now settled with 15 of the 18 banks that it brought suit against following the financial crisis. The regulator's lawsuit against Goldman Sachs was scheduled to go to trial in September.


Read More

Monday Morning Cup of Coffee: FICO switch boon to mortgage lenders?

Plus, how to keep tenants from punching in hollow-core doors
Sarah Wheeler

The problem with that duration of unemployment, the article points out, is that half the country would be in serious trouble if they were unemployed for longer than 13 weeks, almost five months short of the average time it takes to find another job.


Read More

Executive Conversation: Steve Ozonian sees nonbank role growing

Carrington Holding Company wants to own below-prime space
Sarah Wheeler

Clearly, the lending, loan servicing and the residential real estate markets are undergoing a huge transformation, with new nonbank firms like Carrington playing a greater role in specialty “high touch” services such as asset management, residential institutional management, distressed servicing and traditional real estate brokerage.


Read More

Credit Suisse: Homebuyers discouraged by rising prices

Traffic index lower than expected in 32 markets
Sarah Wheeler
Stalemate. Buyers expect deal and sellers expect rebound in market pricing.
Read More

Executive Conversations: Richard Izen of Arch MI on PMIERs

Arch Capital becomes a direct provider of mortgage insurance
Sarah Wheeler
We fully support these important efforts by the GSEs and FHFA to set standards for approved mortgage insurers.
Read More

HW 30 stocks follow market up

Exceptions are REITS following rising Treasurys
Sarah Wheeler

Ironically, the biggest gainers — Move, up 4.85%, and Zillow, up 1.52% — are locked in a legal battle.


Read More
From HW Magazine

Malicious intent

Mortgage companies face security threats from within and without
Sarah Wheeler
It's been a bad year for data breaches, and it seems like it will only be a matter of time before a data breach, on the scale of the Target breach, hits a mortgage firm. And considering the depth and breadth of personal information gathered on each and every borrower, the headline risk, not to mention the impact on mortgage customers' lives, could be far more explosive than what the retail giant felt.
Read More

Executive Conversations: AmeriHome Mortgage grows its correspondent division

Challenges non-QM assumptions with new products
Sarah Wheeler
AmeriHome's strategy includes innovative loan products for deserving but underserved borrowers.
Read More

3 strategies for using a reverse mortgage

An Executive Conversation with Steven Klein of RMS
Sarah Wheeler

Reverse mortgages can add tremendously to the bottom line of any mortgage company because they can decrease the average origination cost per loan as more customers can be helped.  


Read More

Monday Morning Cup of Coffee: VRM reaches REO milestone

Will spring selling season bloom?
Sarah Wheeler
VRM Mortgage Services announced today that it has listed, managed and sold more than 500,000 REO properties since the company was founded eight years ago, plus a roundup of economic news.
Read More