The devil is in the mortgage finance reform details

The devil is in the mortgage finance reform details

On the bumpy road to a common securitization platform

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
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Articles by Jacob Gaffney

Fannie Mae: Lenders ask these 4 questions about MSRs

All about transfer and execution
Jacob Gaffney
“Servicing of mortgage loans can be an important, valuable component of a lender’s business and we thought it would be helpful to address some of these topics,” writes Fannie Mae's Stephen Pawlowski.
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CoreLogic: Far fewer foreclosures coming to market

Down by more than one-third
Jacob Gaffney
The monthly foreclosure report is out from mortgage data and analytics provider CoreLogic. And for those who rely on a healthy foreclosure pipeline to sell property, the results show yearly inventory is down by more than one-third.
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This man pretends to be a Realtor and no one can stop him

Canadian fines don’t seem to slow down Derek Johnson
Jacob Gaffney
The Real Estate Council in Alberta, Canada, seems to have a real problem on its hands with real estate agent Derek Johnson, who doesn’t seem licensed to conduct business as an agent and broker. But that’s not stopping Johnson.
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Goldman Sachs: 3 reasons housing is not in a bubble

Though not likely to grow, either
Jacob Gaffney
The increase of the price of assets, primarily in real estate and equities, could be considered by some to foreshadow another economic bust. But that's not the case at Goldman Sachs.
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15 states aggressively going after stop-foreclosure scams

Is your state on the list?
Jacob Gaffney
On a national level, the CFPB and FTC are going after those falsely promising foreclosure relief to distressed homeowners. And here are the 15 states where Attorney General offices are doing the same.
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Ambac posts 2Q loss despite RMBS improvements

Unpaid claims prevent profit
Jacob Gaffney
"Favorable loss development during the quarter reflected RMBS improvements, higher estimated representation and warranty remediation recoveries and net improvements in other structured credits," said Diana Adams, President and Chief Executive Officer.
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WATCH: John Oliver slams Cashland’s $300 mortgage

Avoids 28% interest rate cap in Ohio
Jacob Gaffney
In Ohio, Oliver cites Cashland Financial Services as avoiding registering as a short-term lender in order to avoid the provisions of the recently enacted Short-Term Loan Law that caps interest rates at 28%. Instead, Cashland is registered as a mortgage lender, offering mortgages as low as $300.
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JMAC launches non-delegated correspondent lending channel

Investor will underwrite before closing
Jacob Gaffney
According to a statement provided by the company, the non-delegated correspondent lending channel is focused on serving lenders who currently have the resources to fund their own loans but prefer the security of having those loans underwritten by the purchasing investor before the loan closes.
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Nationstar completes exit from reverse mortgage origination business

Remains focused on the servicing side
Jacob Gaffney
Business is booming at Nationstar Mortgage. And that's a business that no longer includes the origination of reverse mortgages.
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SIFMA tells Treasury these 8 things will spark mortgage markets

Time to bring back private mortgages
Jacob Gaffney
Repairing the private mortgage bond market still remains a top priority for the federal government, even though there seems to be no huge rush to get things going again. For its part, Treasury is asking for some advice on the further development of private-label securitization. And here, SIFMA gives some.
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