Items Tagged with 'MMCC'

ARTICLES

Monday Morning Cup of Coffee: HUD budget shows cuts still run deep

Proposed budget puts increased responsibility on state and local governments
The draft of HUD’s proposed 2018 budget calls for “increased responsibility on state and local governments and calls for the private sector to do more to meet community needs.” The proposed budget also eliminates the Housing Trust Fund, a program financed by Fannie Mae and Freddie Mac profits. Also, where is the next emerging market for mortgage lending? Here's where, according to the CEO of Caliber Home Loans.
Read More

Monday Morning Cup of Coffee: CFPB deepens probe into Zillow for RESPA compliance

Here's one main driver behind Dallas’ hot market
Things are heating up in the government and the housing market. The Consumer Financial Protection Bureau is deepening its investigation into Zillow’s compliance with the Real Estate Settlement Procedures Act, just as the of the government is simultaneously looking into the constitutionality of the bureau itself. As far as housing, what’s causing homes to fly off the market in Dallas?
Read More

Monday Morning Cup of Coffee: S&P economist dissects Trump's first 100 days

What's the big deal about Lone Star's latest bond offering?
So what’s the big deal about this weekend being the 100th day in office for President Donald Trump? An S&P economist breaks down the outlook for GDP. Also, coverage kicks off at MBA Secondary. Find out who from HousingWire will be there. Finally, what's the significance of the latest mortgage bond? Click to find out.
Read More

Monday Morning Cup of Coffee: Reasons to be optimistic in 2017

Forecasts for the holiday season and beyond
This year is almost over, and housing industry experts are all making their predictions for 2017. Although not everyone agrees on what next year will look like after President-elect Donald Trump is inaugurated and in the midst of a rapid rise in interest rates, most economists have a positive outlook for next year. 
Read More

Monday Morning Cup of Coffee: Here's what we know about Trump's housing team

Who else wants to join the team?
In the short time since America's electoral college named Donald Trump as the next president, a lot of announcements on who will serve on his team already came out. There are more than 4,000 political appointees to fill and the clock is ticking. This is what we know so far. And for those who want to join the team, there’s an option for you too.
Read More

Monday Morning Cup of Coffee: Fannie Mae sets official date for using trended credit data

Also: Homebuyers beware of fake HAMP offers
After market anticipation, the launch date is finally set for the release of Fannie Mae’s Desktop Underwriter Version 10.0. Best part is this update is expected to open up the credit box to potential borrowers previously deemed unworthy. With Home Affordable Refinance Program extended into 2017, it also means that the threat of scammers pretending to offer government-sponsored modifications isn't going away. Beware.
Read More

Monday Morning Cup of Coffee: Condo legislation finally a law; Brexit impact on refi apps

The HOA saga continues
As one of his last housing accomplishments before he leaves office, President Obama signed H.R. 3700 into law on Friday, which will dramatically improve long-fought restrictions on Federal Housing Administration financing for condominiums. Meanwhile, 2.8 million borrowers should be thanking Brexit right now for their positive financial situation.
Read More

Monday Morning Cup of Coffee: The 10 commandments of flipping a house

Playboy Mansion finally finds a buyer
First off, congrats to the five winners of the Mortgage Bankers Association and Internal Revenue Service’s tax design challenge. The Playboy Mansion finally found a buyer, but the controversial price tag of it became a lot more realistic. Also, check out the 10 commandments of choosing a profitable house to flip.
Read More

Monday Morning Cup of Coffee: Zillow, Move legal battle gets more complicated

Case will resume April 25
There are two vitally important housing legal battles going on right now that you need to be paying attention to. One deals with the new housing regulator that rules the block, and the other deals with the two most popular names in online real estate, both game-changers for the industry. Also, it's finally tax day. Already filed? How were your homeowner tax breaks?
Read More