Items Tagged with 'MMCC'

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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. 
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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.
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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.
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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.
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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.
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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?
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Monday Morning Cup of Coffee: Will Fed raise interest rates in December?

Fed meeting two days away
It’s finally here. It’s the week of the December Federal Open Market Committee meeting. The question up for debate: Will the Federal Reserve interest rates? According to most sources, the answer is yes. Also, ever tried to explain what you do for a living to your friends? Make them what this Hollywood motion picture.
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Monday Morning Cup of Coffee: Mortgage lenders "routing" homebuyers to FHA?

Ocwen, Nationstar results also coming soon
Lower credit scores are leading to higher mortgage costs, according to an article in the Seattle Times. There is a new opinion, separate from the many who view last month’s Supreme Court decision on "disparate impact" as a negative. Also, it’s time for the massive nonbanks to start weighing in with their earnings.
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