Freddie Mac CEO: We will help increase mortgage lending

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition

MBA forecasts 7% origination jump in 2015

Predicts unemployment at 5.4% by end of next year

Fitch: Two-year run of home price growth is over

“Several markets are still overvalued”
W S

Items Tagged with 'mortgage finance'

ARTICLES

Here’s how FHFA opening the credit box could affect the industry

Compass Point: Originators, builders, mortgage insurance benefit
Trey Garrison
It’s likely that Federal Housing Finance Agency Director Mel Watt will announce a number of policy steps aimed at increasing mortgage credit availability when he speaks at the Mortgage Bankers Association Convention & Expo on Oct. 20.
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Housing starts up 6.3% but gains all concentrated in multifamily

More signs of slowing market in permits, starts after August plunge
Trey Garrison
It's a mild September rebound, and a slowing housing market, with almost all gains in multifamily housing, and single-family starts and permits virtually flat after August's huge plunge. Is this a sign of growing volatility?
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American Housing Survey finds 1 in 3 homes is a rental

Majority of Americans get along with their next-door neighbors
Trey Garrison
One in every three single-family homes is a rental, lots are shrinking, and one in 10 homes has had a mice or cockroach problem. Homes have fewer physical problems than two years ago. Welcome to American housing.
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Judge denies former Fannie CFO access in GSE lawsuit

Access to two-year-old records would “damage” economy
Trey Garrison
The federal judge overseeing the Fairholme Fund’s lawsuit against Treasury has denied former Fannie Mae CFO J. Tim Howard admission as an expert to view the material from discovery.
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$680,000 dream beach house built on the wrong lot

Florida builders make one heckuva mistake
Trey Garrison
A Missouri couple isn’t happy with the bunch of Flagler County, Florida surveyors and homebuilders who constructed their $680,000 dream, beachfront home. The home is fine, it's just in the wrong place.
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Fifth Third posts $340M 3Q net income

Mortgage banking revenue drops 21% from 2Q
Trey Garrison
Fifth Third Bancorp on Thursday reported third quarter 2014 net income of $340 million versus net income of $439 million in the second quarter of 2014 and $421 million in the third quarter of 2013.
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Beige Book: Mixed real estate news across all districts

Economy holding steady with slowing growth
Trey Garrison
Reports from the twelve Federal Reserve districts generally described modest to moderate economic growth at a pace similar to that noted in the previous Beige Book.
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Mortgage lending regulation compliance costs up 30%

Fannie Survey: New regulations have significant impact
Trey Garrison
Most lenders believe new regulations have had “significant” impact on their business, according to the Third Quarter Mortgage Lender Sentiment Survey of senior mortgage executives conducted by Fannie Mae.
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BofA beats expectations but sees declining revenue, per share value

Litigation costs, decline in originations, MSRs weigh on 3Q
Trey Garrison
Bank of America beat analyst expectations, reporting net income of $168 million for the third quarter of 2014, on top of shrinking revenues driven by decline in originations and mortgage servicing rights, among other factors.
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Mortgage banking industry weighs in support for single GSE bond

Common securitization platform? Yes, with caveats
Trey Garrison
A common securitization platform and a single GSE bond are coming soon enough from the Federal Housing Finance Agency, and while details are still under discussion, the mortgage banking industry is weighing in with their thoughts.
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