Fidelity National bails out Landcastle Title

Fidelity National bails out Landcastle Title

Discovered “substantial account misappropriations”

Closing a mortgage finally makes money

Breaks 6 quarters of straight losses

WATCH: FHFA Director Watt ensures HARP is "not a scam”

800,000 families still eligible for HARP
W S

Blogs

new REwired blog header

REwired

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. Read More

Are home prices the latest evidence housing is stalling, or bubbling?

It gets better? No, it gets worse – just like job growth and wage stagnation
Trey Garrison
The housing industry is not happy about recent housing data, including Tuesday’s home price releases, and it looks like it’s going to get worse before it gets better.
Read More

Mortgages: Has Dodd-Frank failed?

Industry needed its 250 new standards
Daren Blomquist and Peter Miller

The need for Wall Street Reform arose precisely because the financial industry was under-regulated. No less an authority than Alan Greenspan, the former head of the Federal Reserve and chief architect of the less-regulation approach, told Congress in 2008 that “those of us who have looked to the self-interest of lending institutions to protect shareholders equity, myself included, are in a state of shocked disbelief.” 


Read More

Realtor.com economist talks millennials, mortgages and affordability

Republic 3.0 lands solid Q&A with Jonathan Smoke
Trey Garrison
A new centrist political blog – Republic 3.0 – is hitting the housing industry right where it lives, starting with its interview with the web domain's new chief economist, Jonathan Smoke.
Read More

WATCH: FHFA Director Watt ensures HARP is "not a scam”

800,000 families still eligible for HARP
Brena Swanson
There are still 800,000 families nationwide that could benefit from the Home Affordable Refinance Program, but many of the eligible consumers left are staying out of the market due to fear.
Read More

This 1 chart shows why housing can’t shake the bad news blues

And yet every report comes in as “unexpected” to some
Trey Garrison
Going into Monday’s report on new home sales, analysts were predicting new home sales would come in above the 430,000 annualized rate, which would have been a 6% gain. Instead we got a 2.4% decline. A big swing and a miss. "Unexpectedly," of course.
Read More
Pavaso blog header revision 2

Closing Call

Breaking down the TILA-RESPA Integrated Disclosure, how it impacts your business, and ways to solve it. Written by the experts at Pavaso each business day. Read More

7 Signs you're ignoring TILA-RESPA

The truth hurts — let's at least laugh about it
Matt Corcoran
“How many of you have read the TILA-RESPA rule?” Only five people in the audience raised their hands for having read the abbreviated rule — only two raised their hands for having read the full rule.
Read More

Interesting times for the mortgage industry require action

Recapping last week's posts and news on TILA-RESPA
Mark McElroy

Be aware that most systems don’t even stand behind their GFE/TIL and APR calculations with a rep and warrant for compliance.


Read More

What's Google have to do with mortgages?

How a recent study of digital expectations relates to lending
Matt Corcoran

Mega-tech brands like Google and Amazon not only have the deep pockets and relationships to enter the space if they wish, but also have the hardware and software framework of the digital channels required to deliver a trustworthy consumer experience around something like a mortgage.


Read More

The TILA-RESPA Combined Disclosure connection

Tim Anderson of DocMagic weighs in with Closing Call guest post
Tim Anderson

The primary issue is not only delivering the closing documents to the consumer three days ahead of closing (consummation), but now, with the delivery deadlines and tolerance requirements, the lender is on the hook to ensure even greater accuracy of the GFE/TIL at time of application.  


Read More

How to avoid feeling violated by the CFPB

Recapping TILA-RESPA tolerances — 50 weeks out
Mark McElroy
Previously averaging around $5,000 in total for RESPA violations, TILA-RESPA fines will be even higher because these penalties are assessed per day rather than per infraction, and the violation doesn’t need to be “knowing” or “reckless” in order to merit a penalty.
Read More