Senate approves short sale tax break

Senate approves short sale tax break

Allows tax relief on 2014 short sales

Senate fails to pass Terrorism Risk Insurance Act

Housing groups "extremely disappointed" in "alarming failure"

Another regulator investigates Ocwen Financial

Ocwen’s terrible, horrible, no good, very bad year just got worse
W S

Articles by Kerry Curry

From HW Magazine

Taking the foot off the accelerator

A look at what lies ahead for MSR transfers in 2015
Kerry Curry
Mortgage servicing rights will get bought and sold in 2015, but the volume won't reach the go-go days of 2012 or 2013, and the portfolios put out to market are expected to be smaller.
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From HW Magazine

Women at the forefront

New initiatives seek to erase mortgage industry's gender imbalance
Kerry Curry
Earning the acceptance of male peers is only one of the many obstacles women face in the workplace. Globally, women outnumber men in universities and that disparity is growing, yet the average number of women in management positions remains flat. In short, there are more women than ever entering the workforce. So, why aren’t more making it to the top?
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From HW Magazine

Experiencing it for themselves

MBA Annual attendees say networking, speeches by industry bigwigs too good to pass up
Kerry Curry
Bill Cosgrove, CEO of Ohio’s Union Home Mortgage Corp., has made the trek to MBA Annual for some 20 years. Memories still stand out from his first one, held in Orlando. "I saw that the mortgage industry was vast," he said, recalling that first conference, "much bigger than you expected it to be."
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From HW Magazine

Can immigrants save housing?

With immigration reform stalled, housing professionals look for ways to help undocumented residents achieve the American Dream
Kerry Curry
A surge of illegal immigration over the summer by unaccompanied minors has brought immigration reform and border security into the news in a big way. Still, the dramatic headlines — some claiming a humanitarian crisis — are unlikely to get immigration reform back on track in Congress. For housing leaders — who recognize immigration as a key driver of household formation — lack of immigration reform comes as a big disappointment.
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From HW Magazine

The Baby Boomer housing sell-off

When it will happen is still up for debate
Kerry Curry
When Arthur Nelson, a professor at the University of Arizona, went shopping for a home in Tucson recently, he found plenty of senior citizens trying to sell their homes — but at prices far more than what they were worth. "I was amazed at the number of homes that were overpriced by about 25% where the owners were seniors," he said. These seniors would barely counteroffer, taking so little off the asking price that it wasn’t worth negotiating, Nelson said.
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From HW Magazine

#Secret2Success

A look inside the social media war rooms remaking the mortgage business
Kerry Curry
Each weekday morning, Kendra Taylor settles into her cubicle at Nationstar Mortgage and fires up a computer and two monitors. With a few keystrokes, she sends out a morning greeting: "Happy Monday! We hope everyone had a fantastic weekend. We’re back to work and ready to help out if you need us!"
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From HW Magazine

Is the party over?

Originators must jump higher and work harder in today's market
Kerry Curry
David Stevens calls it a watershed year for the nation’s mortgage originators. Stevens, the head of the Mortgage Bankers Association, calls it a “systemic change” in the market. It’s one that is keeping lenders up at night, worrying about declining loan volumes, costly regulation and rising interest rates.
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From HW Magazine

"Let's rent."

The future of single-family rental securitizations is now here
Kerry Curry
More and more Americans are choosing to rent instead of buy. With two single-family rental securitizations on the market at press time and more likely in the works, this new asset class has the financial market energized.
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From HW Magazine

Split personality

HELOC defaults will increase but opportunity knocks with rising originations
Kerry Curry
Home equity lines of credit initiated during the run-up of the housing market turn 10 this year. It’s not a birthday anyone is particularly celebrating, but one in which lenders are still making a silent wish before blowing out the candles.
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From HW Magazine

A surge, now over

Once-hot short sales cool off
Kerry Curry
Distressed property sales, including short sales, accounted for 21.6% of national sales in the fall of 2013, according to a recent four-month rolling quarter report from Clear Capital — a far cry from the peak of 41% in 2011.
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