Looking back, the housing industry is totally Scrooged

Looking back, the housing industry is totally Scrooged

Here's the HousingWire/Star Wars Christmas 2014 special

FHA loans could face "tidal wave of defaults"

All indices hit series high

Another mortgage lender launches 3% down loan

Falls in line with FHFA
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Articles by Jacob Gaffney

Fannie Mae unveils new mortgage risk-share deal

Shifting more risk to private market
Jacob Gaffney
After putting together several successful risk-sharing deals, today the government-sponsored enterprise unveiled a new product. This time, it's different.
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DocMagic buys another loan document service provider

Fresh off eSignSystems acquisition
Jacob Gaffney
As part of the acquisition, DocMagic will bring on the entire team of Doc-Tech Corp, including co-founder and Doc-Tech president Lori Johnson, and Doc-Tech EVP of sales, Michael Chaney.
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Barclays: New Fannie, Freddie mortgages will take business from FHA

Low-down payment loans getting competitive
Jacob Gaffney
To be sure, these are two different business models: Fannie and Freddie securitize mortgages while the FHA insures them. The low down payment will require private mortgage insurance, but that isn't the only way it could take business from the FHA.
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Williston Financial CEO gave staff these 5 housing predictions

Good times are coming
Jacob Gaffney
Are recent housing indicators and negative headlines cause for concern? Not really. In this CEO's world there is a perfect storm of positivity. And here are his 5 bold housing predictions he's giving to his staff.
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Only 3 years left for the average American to buy a home

Even a modest hike in mortgage rates will tank housing affordability
Jacob Gaffney
Housing affordability is slipping away, fast. In as little as three years, the average American may not be able to buy a home in the top 25 housing markets. Here's what needs to happen to reverse that trend.
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From HW Magazine

Crunch time

HousingWire's 2015 economic outlook
Jacob Gaffney and Trey Garrison
There is one distinct moment in recent memory when everything was going to be just fine. On an early morning, back in April 2013, the smallest of miracles happened on the economic front. This singular event would lead to calls that the developed world’s ability to do business, with all of its multitudinous complexities, was on the road to a recovery, maybe this time, finally, forever.
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Credit Suisse settles Assured Guaranty mortgage lawsuit

Terms remain undisclosed
Jacob Gaffney
Assured Guaranty said in a statement posted on its website that it had reached an agreement to resolve the dispute without disclosing the terms.
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Royal Bank of Scotland pulls petty mortgage stunt

Here's why we shouldn't be surprised
Jacob Gaffney
In fact, the disdain banks and their branch workers have toward their customers is even the subject of one bank's marketing campaign — that's testament to just how widely accepted it is that customer service is terrible. Well, RBS reportedly did something to top it all.
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RealScout raises $6 million for superior real estate searches

Hopes to take market share from Zillow, Trulia
Jacob Gaffney
Most big real estate web portals are consumer-friendly, but are they service-oriented? One startup out of San Francisco says not enough so, and they think they have the solution for those who are more into the latter business model when it comes to buying a home.
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4 reasons mortgage insurers support low down payment home loans

It just makes more sense
Jacob Gaffney
Firefighters and teachers could take decades to save up a 20% down payment, presumably renting in the interim. C'mon, what is this, Europe? These people need HOMES.
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