Freddie Mac CEO: We will help increase mortgage lending

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition

MBA forecasts 7% origination jump in 2015

Predicts unemployment at 5.4% by end of next year

Fitch: Two-year run of home price growth is over

“Several markets are still overvalued”
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Articles by Ben Lane

Mortgage TrueView launches new HMDA scoring tool

Offers lenders insight into lending practices
Ben Lane
“For the first time, lenders have the ability to understand their own HMDA data in order to both stay compliant and increase loan volume for unintentionally underserved market segments,” the company said in a statement.
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Zillow: Mortgage rates remain at 16-month low

Rates below 4% for third week in a row
Ben Lane
Current rate borrowers were quoted an average interest rate of 3.81% on Zillow’s Mortgage Marketplace in the week that ended Tuesday, which equaled the previous week’s figure of 3.81%.
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JPMorgan’s latest jumbo RMBS receives AAA ratings from Fitch, KBRA

$262 million offering backed by 15-year notes
Ben Lane
Fitch Ratings and Kroll Bond Rating Agency both issued presale reports to JPMMT 2014-5 and awarded AAA ratings to the majority of the tranches of the deal.
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Fitch: Two-year run of home price growth is over

“Several markets are still overvalued”
Ben Lane
“The cooling of the US housing market comes as no surprise after several years of unsustainable growth rates,” said Fitch Director Sean Nelson. “It’s also worth noting that nearly all major cities are experiencing the same home price flattening at the same time. “
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Allstate Appraisal and Bradford Technologies launch valuation tool

Valuation Express targets valuations for HELOCs, seconds and REOs
Ben Lane
"The market needs alternatives that provide the strength and accuracy of an appraiser-driven valuation but without the time and expense of a full appraisal,” said Steven Albert, president of Allstate Appraisal. “The Valuation Express report provides the right balance of quality and expertise of the local appraiser at the price points lenders require."
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IMA selling $46.1 million whole loan and REO portfolio

Seller has “very strong financials”
Ben Lane
There are 210 loans total in the portfolio, with an average loan size of $216,367. The loans carry a weighted average seasoning of 75.2 months and a weighted average interest rate of 3.89%.
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Fannie Mae to make proprietary appraisal tool available to lenders

Lenders can use Collateral Underwriter in 2015
Ben Lane
Beginning in early 2015, Fannie will make Collateral Underwriter available to lenders as part of its industry tools package, which also includes Desktop Underwriter and Early Check.
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MBA names new leadership

New chairman, vice chairman, board of directors announced
Ben Lane
The days at the Mortgage Bankers Association’s annual convention and expo in Las Vegas feature quite the packed schedule. But between all the sessions and speakers, the MBA has also elected several new members of its executive leadership.
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Auction.com selling Connecticut ghost town

Looking for a “scary” return on investment?
Ben Lane
What makes the Village of Johnsonville different than other properties? Well, for starters, it’s a ghost town. With real, actual ghosts in it.
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Anne Sutherland joins Ballard Spahr as counsel

Will work with mortgage banking and consumer financial services groups
Ben Lane
In her role at Ballard Spahr, Sutherland will assist clients in ensuring compliance with the regulations governing the mortgage banking industry, particularly those issued by the Consumer Financial Protection Bureau, the firm said.
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