New home sales plummet 14.5% in March

New home sales plummet 14.5% in March

Spring buying season off with a whimper

HUD’s Donovan: This is the worst rental crisis in this nation, ever

Says administration is very pleased with Johnson-Crapo

WFC can't keep alleged bogus foreclosure manual out of court

U.S. judge allows discovery on Tirelli's smoking gun
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Articles by Jacob Gaffney

Flagstar posts big loss in shrinking mortgage market

CEO hopes 'to achieve profitability in any mortgage environment'
April 22, 2014
"During the quarter, we made the determination to significantly bolster our loan loss reserve estimates which results in an increase to the loss coverage period from approximately 12 months to 18 months," Flagstar CEO Sandro DiNello said.
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Fewer mortgage defaults drive MGIC profit

Expenses are also down at mortgage insurer
April 22, 2014
"I feel the company is in an excellent position to take advantage of the housing recovery," said Curt Culver, CEO of MGIC.
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Christopher Whalen: The death of mortgage lending

It's not the CFPB's fault
April 14, 2014
“New regulations are a very convenient excuse for the large banks to get away from what is a crappy business,” according to one senior banker.
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Monday Morning Cup of Coffee: Will Citi follow in JPMorgan, Wells Fargo footsteps?

Also, criticism grows for FHA fees
April 13, 2014
In an important week on earnings, analysts lay out the scenario of performance for Citigroup. Plus, mortgages are growing at smaller lenders, criticism of the FHA continues, and the investor plan to buy a Baltimore bank appears in jeopardy.
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Wells Fargo first quarter mortgage originations way down

Making money on MSRs
April 11, 2014
During the first quarter, residential mortgage originations were $36 billion, down from $50 billion in fourth quarter 2013 while the gain on sale margin was 1.61%, compared with 1.77% in the fourth quarter.
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Fannie Mae stops working with two Colorado law firms

Negative headlines included claims of foreclosure fee-padding
April 10, 2014
Fannie Mae has instructed servicers to cease referrals of new foreclosure cases to Aronowitz & Mecklenburg and the Castle Law Group and to transfer existing cases at those law firms to other firms.
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These 3 Freddie Mac facts prove housing will get better

Chill, the winter is over
April 10, 2014
Nothaft writes, "as we move to a purchase market, how does the overall housing market stack up? Housing is stronger today than at any point since the Great Recession began and hit bottom in 2009," he said.
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Could new securitizations lead to identity theft?

That's the slippery slope of new regulation
April 10, 2014
Securitization is already believed by many to be the big, bad tool Wall Street used to derail the global economy, seemingly and inexplicably on purpose. So this blog probably isn't going to help assuage the rage in those believers.
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Citi agrees to $1.125 billion mortgage bond investor settlement

Resolves legacy mortgage-backed securities
April 7, 2014
"This settlement resolves a significant legacy issue from the financial crisis and we are pleased to put it behind us," Citi said in a statement.
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Former CFPB official: No special QM loophole

Raj Date gets into mortgage business
April 7, 2014
Date's consumer finance advisory platform and investment vehicle Fenway Summer is reportedly looking to buy Ethos Lending in order to get into the mortgage market. And he is already generating buzz through the sins-of-our-fathers assertion.
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