More troubling signs point to potential increase in defaults

More troubling signs point to potential increase in defaults

And yet we introduce a 100% LTV mortgage

Calgary housing market a canary in the shale mine?

Home prices, sales plummet alongside price of crude oil

Here's why the loanDepot CEO loves the CFPB

Regulatory environment huge barrier to entry
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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

More troubling signs point to potential increase in defaults

And yet we introduce a 100% LTV mortgage
Lynn Effinger
These new reports indicate that we are most likely entering a period of higher risk over the next four years as it relates to resetting these “bubble-era” HELOCs. This is especially troubling given noticeably slowing home price appreciation in many markets across America.
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Goldman Sachs just nailed millennial homebuying

Publishes animated graph day before housing conference
Jacob Gaffney
Anyone need to know everything about millennials, homebuying, and their spending profiles? Oh, but you only have less than 60 seconds? Head to this hugely educational, animated graph on the Goldman Sachs website.
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JPMorgan Chase: Hold the phone on those DOJ robo-signing charges

Claims DOJ misrepresented settlement agreement
Ben Lane
JPMorgan Chase is pushing back at the Department of Justice’s claims that it admitted to misfiling more than 50,000 payment change notices in bankruptcy courts that were “improperly signed, under penalty of perjury, by persons who had not reviewed the accuracy of the notices.” According to Chase Vice President and Head of External Communications Jason Lobo, Chase made no such admissions, despite agreeing to the settlement.
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Mortgage compliance needs a ginormous injection of common sense

And more experienced people in charge
Lynn Effinger
There needs to be a healthy dose of mortgage servicing-centric common sense injected into the regulatory compliance patient. Unfortunately, common sense is in short supply these days, particularly within the bloated bureaucracies in, and associated with, all things governmental.
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Monday Morning Cup of Coffee: Ginnie Mae haunted by Taylor, Bean & Whitaker

REITs focus on MBS sputter; Private mortgage bond market looks strong
Trey Garrison
Ginnie Mae is in trouble, but not because of its core mortgage business. Also, signs that the housing and mortgage finance space may be slowing aren’t troubling non-agency MBS analysts, while Credit Suisse is battening down the hatches. Here’s the scoop.
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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

A new era of solutions

Recapping last week's posts and tech progress this year
Mark McElroy

Solutions exist today that can help with a large majority of the business process shifts that will result from the rule. And the last year has provided an opportunity for them to solve things further.  


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TILA-RESPA technology cheat sheet

What you need to know when investing in a digital closing solution
Matt Corcoran

If you fired off an email, handed the consumer a brochure, or even simply talked about something face-to-face, how will you record or determine if the consumer engaged that content? The digital delivery of educational content will be key to not only getting the consumer to interact with it, but tracking what the consumer actually accessed.


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How to save $1,100 or more on the cost to close each loan

A digital solution can help lenders' profit margins
Matt Corcoran

If you’re one of the lenders who hasn’t converted over to a digital closing platform yet, chances are you’re going to be a little lost (and even further behind) when that next phase of development kicks off about two months from now.  


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MBA Annual has come and gone, but TILA-RESPA is here to stay

What progress have you made one week after the conference?
Matt Corcoran

As you head to complete this phase by Week 28, you not only need to look at how your organization operates internally, but how it operates externally as well with business partners and consumers to ensure regulations around the three-day delivery rule for the Loan Estimate are met.  


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TILA-RESPA Phase I complete

Get ready for Phase II of the Lender Implementation Timeline
Mark McElroy

Staying on par with the timeline, next week will kick off the Analyses and Decisions phase, in which you’ll be reviewing your workflow, systems and compliance in order to determine the revised procedures, system recommendations and policies necessary.


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