Bank of America reportedly reaches $17 billion RMBS settlement

KBRA: More smoke than fire in Ocwen’s restated earnings

Cautions that MSR transactions could see more regulatory scrutiny

Truth is, those recent housing numbers aren't so shiny

Housing starts? More like housing stops, amirite?
W S

Articles by Lynn Effinger

Are we facing yet another foreclosure crisis?

Property preservation remains vital component to default servicing
Lynn Effinger
Despite numerous reports indicating that there has been a deep decline in foreclosure inventory over the past several months in many markets, the reality, as chronicled in several articles recently penned by this author and others, is that foreclosure rates are very likely to rise again in the not-too-distant future.
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Outrageous jury award reveals contempt for mortgage lenders

Borrowers need saving, from themselves
Lynn Effinger
This large judgment that hammers PHH, comes amid concerns regarding potential crackdowns by the Consumer Financial Protection Bureau on servicers who fail to adapt stringent new rules requiring better communication with borrowers who are in default.
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Here's evidence showing the housing “recovery” isn’t real

What is real and what is Memorex?
Lynn Effinger
Many reports do not take into full consideration the differences in market conditions from one part of the country to another. The inexplicable rise in house prices in the West, for example, is not replicated in other parts of the nation.
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Only “Number Jesters” report 2Q economic growth at 4% pace

Economic revisions infuriate
Lynn Effinger
If an economist or economists continue to miss the mark by under-forecasting economic growth and then back-pedal by saying the revised numbers were “unexpected,” they should disqualify themselves from being called economists.
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More proof housing is headed for a fall

Dismal market can't be blamed on weather
Lynn Effinger
With over 7 million Americans working in part-time positions rather than the full-time jobs they would prefer having, and with so many millions more dropping out of the workforce altogether, the case is made… again, that our economic outlook is not rosy as we sloth through the remainder of 2014.
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NAHB joins NAR in reporting "good news" about housing "recovery"

I guess the housing recovery is real after all...not
Lynn Effinger
While I could make a case that no one wants to see the housing industry get back on a firm foundation more than yours truly, there is too much evidence mounting that the overall housing market is headed for another downturn.
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Obama housing rescue plans only make things worse

Mr. President, please stop
Lynn Effinger
Many in this country believe that Obama-led initiatives such as the Making Homes Affordable program, including HAMP and HAFA, as well as foreclosure moratoria, actually exacerbated the situation rather than helping to resolve it.
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Effinger: The reality behind NAR’s spin on home sales

It's better to educate consumers
Lynn Effinger
Following HousingWire reporter Trey Garrison’s piece “4 charts show the phony thrill of existing home sales,” Lynn Effinger argues that NAR and other trade associations involved in the industry need to spend less time spinning and more time educating consumers.
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From HW Magazine

Cradle-to-grave coverage

Challenges become opportunities for field services providers
Lynn Effinger
There are certainly challenges aplenty these days for field services providers. But over the years many field services providers have turned these challenges into opportunities to grow and prosper — and we continue to do so.
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Here come the mom-and-pop REO-to-rental investors!

Institutional interest in the asset class peaks
Lynn Effinger
According to several panelists who spoke at the MBA Single-Family Rental Summit, large institutional participation in this market may well have peaked and is giving way to smaller investor groups and individual investors.
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