Aren't things supposed to be slow in December?
Not if you want to buy a house, apparently. Or at least thinking about it...
Zillow's abundant web pages of homes for sale clearly showed that home prices were on the naughty list last year. But getting the word out apparently landed Zillow on the "nice" list somewhere.
I've been thinking a lot about liquidity lately.
Not just because it's the holidays and, as anyone with a house full of Christian (or agnostic, or atheist) children knows, cash flows out to retailers like floodwaters rushing a city built too close to the Mississippi delta, but also because I've been reading a fair amount of mortgage news of late.
The CFPB left the grace period open-ended and most in the industry interpreted that to mean that it will last throughout the rest of 2015, at least. Unfortunately, as welcome as that grace period is, TRID remains a costly and complicated fix that has enormous implications for the whole industry..
“Bad letters damage the brand,” Katherine Porter says. “There’s a contagion effect of this. I think bad letters are unjust. They disproportionately harm the borrowers we need to help the most.” Read More