Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

LandCastle Title’s operations will not be affected

8 avoidable mistakes first-time homebuyers keep making

Stop doing these things

Trending Thursday: CFPB data collection worse than the NSA?

Slowly but surely GSE shareholders cutting into Treasury, FHFA secrecy
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Articles by Jacob Gaffney

Fannie, Freddie CEOs get a well-deserved huge boost in pay

It's about time
Jacob Gaffney
Early last month, the wheels were set in motion to increase CEO compensation of the government-sponsored enterprises to a level similar to CEOs doing the same jobs at other companies. The FHFA director wants this but the White House doesn't. The FHFA is right. Here's why.
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Round 2: HW Fast50™ is back, and even better

Nominations now open!
Jacob Gaffney
And now that the second year of the program is being officially launched today, we expect even greater results. Because there’s no way you lost market share or dialed back on your R&D, is there?
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Fannie Mae eliminates Desktop Underwriter fee

Enhances other mortgage-leading tools
Jacob Gaffney
“We want to continue to provide value to our lenders and we don’t want technology fees to get in the way of lenders using our technology to its full potential," said Andrew Bon Salle, Executive Vice President, Single-Family Business at Fannie Mae.
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The foreclosure crisis would have happened even without risky mortgages

So what if the press got it so wrong?
Jacob Gaffney
The mortgage industry still lacks adequate tools to recognize bubble behavior, and even less the power to stop it from bursting. Furthermore, and more importantly, the latest research shows regulations do nothing to prevent this sort of housing phenomenon. Are we doomed to repeat history?
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Deutsche Bank: Smaller banks will probably offload MSRs to bigger banks

Basel 3 forcing their hands
Jacob Gaffney
The implementation of the Basel 3 banking regulations, in which a European-devised strategy is levied among American financial institutions, appears to have disproportionately impacted smaller banks for the worse.
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Should real estate agents drive around in fancy cars?

Question answered on Realtor Reddit thread
Jacob Gaffney
Ah, the fancy car. The symbol of American success. Power, stability, money, and if you work in real estate, probably completely unnecessary.
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Here’s where California went all wrong with the National Mortgage Settlement

Other states need to make amends, too
Jacob Gaffney
Everyone was on board and the national mortgage settlement money was meant to flow to distressed homeowners in hopes of staving off more foreclosures. It was a feel good moment, one we could all get behind. Then the state stepped in and had to ruin this nice thing for everyone.
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Is a balloon mortgage ever worth it?

Still, there's a big risk to consider
Jacob Gaffney
The Motley Fool just published a post about an interesting topic. Should the once-popular mortgage lending product — the balloon mortgage — make a stunning return to the market?
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5 key points about the pending TRID upheaval

FBR looks into its crystal ball
Jacob Gaffney
In an email to clients this morning, the team of financial services and real estate analysts at FBR drew 5 key points about what many in the mortgage lending industry expect to be a total upheaval of their operations. But are mortgage lenders right to be so worried?
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CoreLogic responsibly suspends employee involved in McKinney teen pool fracas

What choice did the company have?
Jacob Gaffney
What else can CoreLogic do when an employee gets involved in something this big and bad? In this case, they've done the right thing.
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