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 Kerri Ann Panchuk

First month of 2014 slams Wall Street, Dow falls 5%

HW 30 follows the other indices down
Kerri Ann Panchuk
While pending home sales declined in December – and housing groups blamed it on the weather – the market is dealing with a great deal of contradictory data.
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Pending home sales mirror pre-crash levels

Yet, analysts say falling prices are not in the cards
Kerri Ann Panchuk
Pending home sales fell steadily from May to December last year, closely mirroring the trajectory of the same indicator months before the 2007 home price crash, analysts Chris Flanagan and Justin Borst with Bank of America-Merrill Lynch claim in a new report.
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Fight over flood insurance shows danger in ‘sweet deals’

Kerri Ann Panchuk
A coalition of bipartisan lawmakers gained ground in their attempt to roll back changes to the Biggert-Waters Flood Insurance Reform Act this week. But resistance to the idea continues among advocates who fear sugary-sweet insurance deals are keeping risk-based pricing out of the flood insurance market.
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Senate passes bill to delay flood insurance premium hikes

It’s now up to the House
Kerri Ann Panchuk
U.S. homeowners with properties in flood zones gained major traction in their fight to impose a four-year delay on federal flood insurance premium hikes this week.
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FHA goes full throttle with modernization effort

Agency green lights acceptance of more e-signatures on mortgage docs
Kerri Ann Panchuk
The Federal Housing Administration policy launched this week allows e-Signatures on origination, servicing and loss mitigation documents.
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CFPB: Servicers still engaged in unfair or deceptive practices

Consumer bureau gets firms to pay $2.6M to settle issues with consumers
Kerri Ann Panchuk
The Consumer Financial Protection Bureau says between July and October 2013, consumers who complained to the CFPB ended up receiving $2.6 million in payments from financial firms accused of engaging in poor servicing practices.
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Why the OCC is worried about looser lending standards

New data shows lenders growing less reluctant
Kerri Ann Panchuk
The Office of the Comptroller of the Currency points out in its 19th Annual Survey of Credit Underwriting that OCC bank examiners studying banks noted an easing of underwriting standards in recent months.
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Disappointing pending home sales blamed on winter weather

Signed real estate contracts fell 8.7% in December: NAR
Kerri Ann Panchuk
Is it the winter weather, a slowdown in housing or a combination of both that caused real estate contract signings to cool in December?
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Did Freddie just prove multifamily is making a comeback?

GSE has second biggest year yet
Kerri Ann Panchuk
Every time you turn around, there is another analyst report suggesting the sun is either shining on or about to shine on multifamily properties. A new report from Freddie about its own multifamily business may just prove this point.
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This is what happens when you commit mortgage fraud

SIGTARP pulls out the big guns, sends couple to jail
Kerri Ann Panchuk
A New York state couple faces years in prison for operating a multimillion-dollar mortgage fraud scheme in which the defendants recruited straw buyers to purchase a string of properties using fraudulent loan documents.
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