Zillow plans event to “hack” housing

Zillow plans event to “hack” housing

Offers $10,000 prize for creative solutions to jumpstart market

CFPB goes after Wells Fargo, JPMorgan for mortgage kickback scheme

Mega banks will pay $35.7 million total

Here are the hottest neighborhoods for 2015

This year it’s all about affordability
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Articles by Jacob Gaffney

Rarity: BofA celebrates new branch opening in Denver

Opens new location in new market
Jacob Gaffney
News comes as bank continues to ditch hundreds of branches in many other markets. The bank is also experimenting with simpler "express" branches, those that do not employ tellers.
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Zillow, Trulia merger expected to get FTC go-ahead

Stocks soar by midday
Jacob Gaffney
While shareholders approved the deal last month, there were a few hold-ups from regulators. By midday today the share price is up more than 5% for Trulia and more than 10% for Zillow.
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Americans have many problems, but owning a home isn’t one

Healthcare is No. 1 concern
Jacob Gaffney
The results of the latest Gallup poll show that the average American is still fretting over finances. Let’s be honest, that will never change. But what Americans fret over, financially, does.
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Here's why Standard & Poor's mortgage bond fraud is so shocking

SEC: S&P lied about mortgage bond ratings
Jacob Gaffney
“They lied,” one source said of the SEC charge that S&P “published a false and misleading article purporting to show that its new credit enhancement levels [for CMBS ratings] could withstand Great Depression-era levels of economic stress." But that's still not the most shocking development.
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Mortgage technology firms flood HousingWire award program

Days remain and the hits keep coming
Jacob Gaffney
The need for recognition in the mortgage technology space must be growing at an astronomical rate. Need proof? Look no further than the massive popularity of the 2015 HW TECH100™ program, which is closing TODAY.
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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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