Regulatory uncertainty, toxic environment drive Wells Fargo, Prospect out of MSAs

Trending Thursday: Is the job description “financial press” or “palace guard?”

From the Fed to FannieGate, plus the impact of banking regulations and more

Question remains: When will interest rates start rising?

3 different expert predictions
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REwired

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Opinion, commentary and analysis on everything that makes the U.S. housing economy tick -- not to mention the ghosts in the machine, too. Written by HW's team of editors and reporters each business day.

Trending Thursday: Is the job description “financial press” or “palace guard?”

From the Fed to FannieGate, plus the impact of banking regulations and more
A lot of people are suggesting that many of the mainstays in the financial press aren’t asking the right questions in coverage — from the Fed to FannieGate. Truth, or trolls? Plus credit conditions and the impact of regulations on mortgage banking. Read on, brave soul.
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This is why loan fraud is running rampant

Most applications have false information
Loan fraud is rampant and is on the rise. According to the LexisNexis 2014 Mortgage Fraud report, 74% of loans reported in 2013 involved some kind of fraud or misrepresentation versus 69% in 2012. Here are several tips to help combat the issue.
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Monday Morning Cup of Coffee: Mortgage lenders "routing" homebuyers to FHA?

Ocwen, Nationstar results also coming soon
Lower credit scores are leading to higher mortgage costs, according to an article in the Seattle Times. There is a new opinion, separate from the many who view last month’s Supreme Court decision on "disparate impact" as a negative. Also, it’s time for the massive nonbanks to start weighing in with their earnings.
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Monday Morning Cup of Coffee: JPM Chase agrees to massive mortgage settlement

Wells Fargo wins in Los Angeles’ predatory lending suit; Happy Birthday CFPB!
JPMorgan Chase agreed to a massive settlement, stemming from a lawsuit that accused the bank of misleading investors about the quality of pre-crisis residential mortgage-backed securities. And did you know the CFPB turns 4 this week? There's still time to get them a present.
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Was the Third Amendment sweep of Fannie, Freddie a sham?

One leading legal scholar says yes; shareholders get louder
Last week in a teleconference hosted by Investors Unite, one of the guests — noted legal scholar Richard Epstein — didn’t mince words about what he thought of the Treasury’s “Third Amendment sweep” of GSE profits. He called it a “sham transaction.” Does that rustle your feathers?
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Monday Morning Cup of Coffee: Housing isn’t providing the Goldilocks spot for rates

The Fed is under the spotlight, innovations in GSE risk-sharing and more
This week the Fed will be answering to Congress and while there are a dozen other burning questions, the one housing and mortgage finance is watching closest starts with “interest” and ends with “rates.” Plus, the dangers of being a Realtor, as the search for a missing Realtor reaches four weeks.
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Zillow CEO lists home for sale…on Zillow

Want to buy one of Spencer Rascoff’s houses?
Just in case there was any doubt about whether Zillow Group Chief Executive Officer Spencer Rascoff believes in his product, he showed Friday just how much of a Zillow-head he really is – by listing a home for sale…on Zillow.
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