The Wrap: Appraisal volume ticks down after two weeks up

The Wrap: Appraisal volume ticks down after two weeks up

New tips, tools and tricks of the trade

Dear Parents, don’t expect your homebuying Millennials to pay you back

loanDepot graph shows they can barely save for retirement

Trending Thursday: Banks make more on mortgages while government steals GSE profits?

Yale legal scholars on #FannieGate
W S

Items Tagged with 'California housing'

ARTICLES

Lawsuit: Ocwen sent false reports to consumer credit agencies

Homeowner wants court to revive suit alleging servicer violated consumer law
A homeowner in California is asking the Ninth Circuit to revive his putative class action lawsuit against Ocwen Loan Servicing for submitting false information to credit agencies. Judges seemed skeptical, suggesting Ocwen technically stayed in the confines of the law. You decide.
Read More

This is why California is in the middle of another housing crisis

Affordability and mortgage lending issues abound
It’s ironic that when the first Millennials were born, their Baby Boomer parents couldn’t afford a home either. Looking back to October 1981, interest rates on a 30-year, fixed-rate mortgage exceeded 18%. It wasn’t until rates fell below 10% in 1986, and to the 7% range in the early 2000s, that affordability ceased to be a major impediment to homeownership. Today, California’s housing affordability problem is back and here's why.
Read More

HUD to auction off San Bernardino’s severely delinquent mortgages

County once considered eminent domain in previous plan to aid borrowers
Later this month, the U.S. Department of Housing and Urban Development will auction off a special pool of the San Bernardino County’s severely delinquent mortgage loans though its Distressed Asset Stabilization Program, aiming to provide relief to borrowers.
Read More