Are record-low interest rates masking high-cost mortgage lending?

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you

Auction.com partners with Google to predict housing trends

Nowcast will predict in real time

The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits
W S

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.

The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits
Trey Garrison

Reading the New York Times is a great intellectual exercise because you get to read news articles and say to yourself, “Hmm. That’s interesting. I wonder if it’s true?” Today in the financial section, though, was an opinion piece on mortgage financing that had me instead asking, “Do you even English, New York Times?”


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WATCH: Trulia stages haunted house for unsuspecting homebuyers

'Tis the season. For screaming.
Jacob Gaffney
Trulia proves that when it comes to real estate, it's what's inside that counts. Here's the video of Trulia scaring a bunch of poor, innocent people who just want a better place to live.
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This is why California is in the middle of another housing crisis

Affordability and mortgage lending issues abound
Joel Singer
It’s ironic that when the first Millennials were born, their Baby Boomer parents couldn’t afford a home either. Looking back to October 1981, interest rates on a 30-year, fixed-rate mortgage exceeded 18%. It wasn’t until rates fell below 10% in 1986, and to the 7% range in the early 2000s, that affordability ceased to be a major impediment to homeownership. Today, California’s housing affordability problem is back and here's why.
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4 economists break down the latest S&P/Case-Shiller numbers

Here’s what they mean for housing and mortgage lending
Trey Garrison
The latest S&P/Case-Shiller home price indices show that home price growth continues to slow, but there’s more to the story than the headline numbers.
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This 1 chart shows just how bad last week was for Ocwen

See if you can spot when Lawksy’s letter was released
Ben Lane
If you want to know just how bad Ocwen’s week really was, all you need to do is look at one chart: Ocwen’s stock price.
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Monday Morning Cup of Coffee: Will record low rates jumpstart mortgages?

Plus a new subprime wave, revised stress test, and housing metrics galore
Trey Garrison
The industry hopes record low rates will spark a surge in buying and refis, but there's a limit on how much those can help. Plus, will the new FHFA guidelines lead to a surge in subprime lending with all the risks that carries, or is it going to be different this time?
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Ocwen’s bad week just got worse

Fitch places Ocwen on rating watch negative
Ben Lane

Fitch said that it has “long-standing concerns” over Ocwen's aggressive growth and heavy concentration of offshore resources, and the current issues raise more concerns “over Ocwen's oversight of its systems and processes.”


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This is the insane pool/patio video everyone is going crazy over

Never expected our Facebook to blow up over one of these
Trey Garrison
It’s the Hidden Pool, from California-based Hidden Water Pools, and they want to change the way we look at pools. It's nothing new, except it went viral this week. Dudes, mission accomplished.
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This is why Fannie and Freddie mortgage initiatives won't work

MBA declarations are feel-good, but temporary
Lynn Effinger
Several newsworthy events have occurred over the past several days that would seem to indicate that the housing “recovery” is picking up steam. While that would be welcome news for our country in general and our industry in particular, these reports are tempered by the potential unintended consequences of certain actions either taken or not taken.
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TILA-RESPA: Smart lenders are taking action today

Will impact disclosures, estimates, testing and reporting
Jonathan Corr

If you’re still filling out forms manually, or going back and forth between two or more different systems, you’re not going to survive — it’s just too time-consuming and costly.


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