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
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Items Tagged with 'mortgage lending'

ARTICLES

Fannie, Freddie to take on more credit risk

Capital Economics: Weighing up the FHFA’s mortgage proposals
Trey Garrison
Proposals to lower the minimum down-payment on Fannie Mae and Freddie Mac-backed mortgages at the same time as reducing banks’ exposure to put-back risk may help accelerate the modest loosening in mortgage credit conditions that is in train.
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Citi 3Q earnings revised down

Adds in $600M increase in legal costs
Brena Swanson
Citigroup lowered its third-quarter net income due to a $600 million increase in legal accruals.
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Ellie Mae’s earnings overcome mortgage industry declines

AllRegs buy will reflect on next quarter's results
Brena Swanson
“Revenue grew 30% over last year’s third quarter to a record $42.8 million, despite a 27% decline in industry mortgage origination volume, and our active user base crossed the 100,000 mark for the first time,” said Sig Anderman, CEO of Ellie Mae.
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Guaranteed Rate: 3Q purchase volume up 10% from last year

Refinance volume sees steep drop
Levi Shultz
Guaranteed Rate released its summary of mortgage trends for the third quarter of 2014 along with local mortgage trends in Chicago, New York City, Southern California and Boston.
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$8M for Holly Golightly’s Upper East Side townhouse

That iconic green door and everything behind it could be yours
Trey Garrison
Own a piece of cinematic history and a nice little Upper East Side townhome to boot for the bargain price of $8 million.
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Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you
Trey Garrison
The cost of originating mortgages and loan production is officially ridiculous and a question that arose at the Mortgage Bankers Association’s convention and expo last week was “Are record low mortgage rates masking from borrowers the high cost of mortgages?”
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Borrowers find refuge in nonbank mortgage loans

But concerns persist over nonbank risk
Levi Shultz
Nonbank lending continues to fill the gap for borrowers rejected by other banks, even as concerns about nonbanks persist.
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Home Depot breach cost credit unions almost $60M

CUNA calls for Congressional action; 7.2 million cards affected
Trey Garrison
The data security breach at Home Depot stores in September cost credit unions nearly $60 million to reissue cards, deal with fraud and cover other costs, according to the results of a new survey of credit unions conducted by the Credit Union National Association.
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Freddie Mac: Mortgages rates rise from yearly lows

Rates increase across the board.
Brena Swanson
Mortgage rates moved away from last week’s yearly lows and slightly increased across the board, with the 30-year, fixed-rate mortgage averaging 3.98% for the week ended Oct. 30.
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Surge in federal defense spending boosts 3Q GDP

Inventory investment, consumer spending cool from 2Q
Trey Garrison
The national economy slowed significantly from the second quarter in the first initial GDP estimate for the third quarter, with gains driven by military spending offsetting a slowdown in consumer spending and inventory investment.
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