Here's where expert economists think housing is going

Washington is protecting buyers right out of homeownership

BPC Housing Commissioner: Give borrowers a chance to fail

2 reasons the single-family rental securitization market won’t exceed $20 billion

$1 trillion market? Not even close.
W S

Articles by Jacob Gaffney

Here's where expert economists think housing is going

Where will we be in 2019?
Jacob Gaffney
During the luncheon panel moderated by Paul Jackson, CEO of HousingWire, four economists gave projections for housing over the next five years.
Read More

Should mortgage technology and data be universally shared?

Yes, and no
Jacob Gaffney
The sharing of what works seems to be an agreed-upon process. But when it comes to mortgage technology and/or data, there is no clear consensus that advances should be universally shared.
Read More

Is Wells Fargo looking at another banner year?

3Q residential mortgage growth on track
Jacob Gaffney
Last year, Wells Fargo originated and serviced the most residential mortgages in the United States. The big bank has dominated the residential space for years now. But how long can its dominance last?
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More