Monday Morning Cup of Coffee: Home price and wage divergence raise alarms

Monday Morning Cup of Coffee: Home price and wage divergence raise alarms

Plus the endgame for two billion-dollar R&W settlements?

The 15 hottest markets for homebuyers and sellers this spring

California dominates list

Changes in FHA multifamily lending requirements squeeze lenders, owners

Pressure trickles down into rent increases in affordable units
W S

REwired

new REwired blog header
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.

Monday Morning Cup of Coffee: Home price and wage divergence raise alarms

Plus the endgame for two billion-dollar R&W settlements?
Trey Garrison
The Countrywide and Citigroup settlements are on the verge of being paid, but looking ahead the housing market has problems now like what led up to the housing crisis in the first place. Is mortgage finance in a doomed time loop, or just not learning from its mistakes?
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4 things you need to know about new federal AMC regulations

The future of the appraisal industry
Brian Coester
The final rule is out for appraisal management companies, and Brian Coester, CEO of Coester Valuation Management Services, explains what it means to the industry.
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Dealing with one housing bubble at a time

HELOCs and other factors constrain housing “recovery”
Lynn Effinger
RealtyTrac predicts that as the average HELOC borrower's ten-year interest-only period ends, that person's or family’s monthly bill will perhaps more than double from $133 to $279. This could pose a serious problem. Let's start with that, first.
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MBA's Cosgrove: The importance of nonbanks in the mortgage market

The misperceptions of IMBs and other nonbanks
Bill Cosgrove
In the wake of the financial crisis, nonbank lenders and servicers have witnessed a significant emergence in the mortgage business. In fact, independent mortgage banks are heavily dominating the single-family market. Yet misperceptions persist about the capacity of these IMBs and other nonbanks.
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Do millions of Americans face impending housing peril?

Rising rents, lack of credit could displace potential borrowers
Pamela Patenaude
The homeownership rates for younger households, a traditional source of strength for the housing market, have especially registered precipitous declines. What’s behind the plunge?
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In defense of Ocwen: Servicer’s track record deserves a second look

Even deep in the weeds there is a path
Trey Garrison
When you have a coalition of housing advocates, investors and investment managers singing your praises about how you act as a servicer, there's got to be a silver lining to the clouds. At least, that's probably what Ocwen is thinking right now.
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Hey Millennials — You know nothing about housing finance

So why are you completely okay with that?
Brena Swanson
Millennials are on a trajectory to rule the housing market, and yet they know nothing about housing. And apparently, they are completely okay with that. Well. They shouldn’t be.
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Five ways to avoid marketing compliance violations

How to control marketing messages
Alex Baydin
As enforcement rules get stricter, companies have no choice but to ensure that how and what they are communicating to consumers follows the letter of the law. But in today’s world where control over your marketing messages is not absolute, this is no easy task.
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So, totally color-blind housing policy is now discriminatory lending?

This is modern America
Trey Garrison
If a policy treats everybody the same, regardless of race, and there’s no intent to discriminate, can it still be labeled “discriminatory” if its results aren’t racially balanced? There’s the sane answer, and then there’s this.
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Ocwen’s road ahead: Well, can't get any worse

Fall down seven times, get up eight?
Trey Garrison
How close is Ocwen to extricating itself from the mess of its own making, and can it alter the course enough to ride out the rest of the storm? On Thursday, we'll see how they did in their first post-Erbey quarter, and if things are going to plan.
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