The 15 hottest markets for homebuyers and sellers this spring

Changes in FHA multifamily lending requirements squeeze lenders, owners

Pressure trickles down into rent increases in affordable units

It’s official: The first quarter saw a refinance mini-boom

Low interest rates drove first-quarter increase
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Articles by Trey Garrison

Changes in FHA multifamily lending requirements squeeze lenders, owners

Pressure trickles down into rent increases in affordable units
Trey Garrison
Recent FHA changes to the reserve requirements for multifamily lenders are putting the squeeze on apartment owners at the nexus of stagnant wages, rising rents, and a shortage of affordable rental housing. Here's why it's bad for the very people FHA is supposed to be helping.
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Lenders ask CFPB to require disclosures of mortgage originator qualifications

Want consumers to know who has the credentials
Trey Garrison
The CHLA are asking CFPB to require consumer disclosures on each and every mortgage loan that indicate whether the mortgage loan originator has the credentials to get the job done right. Here's what they want.
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Leaked Treasury memo on Fannie, Freddie fuels fire for sweep critics

Why wasn’t key document turned over in federal lawsuit?
Trey Garrison
A 2011 Treasury memo has just emerged that wasn't included in the documents Treasury was supposed to turn over in a Fannie, Freddie shareholder lawsuit, and which critics say is damning evidence of intentional and knowing violation of the HERA statute. Was it, and what does it mean going forward for GSE reform?
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Redfin: Sara Stevens’ new take on homeownership

With homeownership at a new low, Redfin digs deeper on what’s happening
Trey Garrison
A year ago Lorraine Woellert was a reporter for Bloomberg, where she told the story of Sara Stevens, daughter of a guy who knows a little about homeownership and mortgages. Now that Woellert is at Redfin, she revisited the issue and the daughter to look at what's really happening in housing.
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CFPB, Maryland AG take action against pay-to-play mortgage-kickback scheme

Loan officers, former title execs banned and penalized
Trey Garrison
The Consumer Financial Protection Bureau and the Maryland Attorney General took action against the participants in a mortgage-kickback scheme, penalizing and banning several loan officers and title executives from the business. Here's the low-down.
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In defense of Ocwen: Servicer’s track record deserves a second look

Even deep in the weeds there is a path
Trey Garrison
When you have a coalition of housing advocates, investors and investment managers singing your praises about how you act as a servicer, there's got to be a silver lining to the clouds. At least, that's probably what Ocwen is thinking right now.
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HomeStreet sees easy earnings beat in 1Q

Fee and net interest income boosted
Trey Garrison
HomeStreet saw an outstanding first quarter with an easy earnings beat after it closed the Simplicity merger, saw net interest income expanded, posted a big fee income boost, and saw its efficiency ratio improved again.
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U.S. economic growth just about grinds to halt

Exports drop off hobbles 1Q GDP
Trey Garrison
Economic growth in the United States is grinding to a near halt, with the first-quarter GDP estimate coming in at just 0.2%. What boosted it? Spending on heating oil and mandatory healthcare spending. It’s not looking good.
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Mortgage applications decline 2.3%

Drop in refinancings leads retreat
Trey Garrison
Despite low rates, refinancings dropped off last week, pulling down mortgage applications all around. Here are the details of what's happening.
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Walker & Dunlop close $152M loan portfolio

Eight property, three-state deal done in 48 days
Trey Garrison
Walker & Dunlop has closed a $152,944,000, eight-property loan portfolio with a long-time repeat borrower based in Arizona. Here’s what they accomplished.
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