PGA golfer Dustin Johnson sues Nat Hardwick for $3 million theft

PGA golfer Dustin Johnson sues Nat Hardwick for $3 million theft

Hardwick was Johnson's attorney and "trusted advisor"

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

Auction.com partners with Google to predict housing trends

Nowcast will predict in real time
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Articles by Jacob Gaffney

WATCH: Trulia stages haunted house for unsuspecting homebuyers

'Tis the season. For screaming.
Jacob Gaffney
Trulia proves that when it comes to real estate, it's what's inside that counts. Here's the video of Trulia scaring a bunch of poor, innocent people who just want a better place to live.
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Fannie Mae will buy 97% LTV mortgages

Credit improvements lead to mortgage product
Jacob Gaffney
Fannie Mae CEO Timothy Mayopoulos said the government-sponsored enterprise will soon begin offering a 97% loan-to-value mortgage. Speaking at the Mortgage Bankers Association annual convention & expo, Mayopoulous said the government-sponsored enterprise is working “closely” with the FHFA to offer this product to all Fannie associates.
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Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition
Jacob Gaffney
The CEO from the government-sponsored enterprise, Freddie Mac, said that his firm is increasingly becoming more competitive in the mortgage market and will look to see how its "credit box could be more fully utilized.”
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5 things you absolutely need for the MBA convention in Las Vegas

Every one of these is totally necessary
Jacob Gaffney
Here are the 5 things you absolutely need for the MBA, and heck, for other conventions as well, in order of least necessary, to “you will probably die if you do not do this” order of importance.
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Fannie Mae: 4 ways new regulation deeply impacts mortgage lending

Here's why new mortgages are so hard to come by
Jacob Gaffney
The Consumer Financial Protection Bureau is not alone in passing new rules, as we all know. The Federal Reserve and the Federal Deposit Insurance Corp. also have new rules, for example. And now it's just a fact; these rules stymie mortgage lending in four distinct ways.
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Fannie Mae: America’s attitude toward housing rebounds

Is it too late to save housing this year?
Jacob Gaffney
Reversing a two-month trend where the average American is down on his or her housing prospects, the latest Fannie Mae housing survey shows this attitude markedly changed in the last month.
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Radian: Mortgage delinquencies dropping

Book of new business increases
Jacob Gaffney
The news comes as no surprise as Monday Morning Cup of Coffee notes a Bank of America Merrill Lynch report finds business at the Federal Housing Administration, the government-backed mortgage insurance provider, is collapsing for various reasons.
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From HW Magazine

80 million millennials

When it comes to what’s out there, we should learn more
Jacob Gaffney
Lenders aren’t lending because they don’t understand millennials. They don’t get their needs, their wants. They’re not smart enough to get one step ahead of millennials in order to convince them to stop paying rents and start looking at homes.
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Judge throws out Fannie and Freddie investors’ lawsuit

Decision favors Federal government
Jacob Gaffney
The decision arrives more than a year after hedge fund Perry Capital sued the Treasury Department and the Federal Housing Finance Agency, which oversees the government-owned mortgage companies.
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Bank of America Merrill Lynch: Recovery “missing” housing contribution

Millennials key to housing comeback
Jacob Gaffney
“First time homebuyers represent the most likely group to drive an expansion of mortgage credit demand, these anticipated delays in household formation growth are also likely to result in delays in increased mortgage production,” according to the report.
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