How far can lenders push the credit box?

How far can lenders push the credit box?

Watt announcement helps, but risk keeps standards tight

Warren calls for GAO investigation of nonbank servicers

Asks GAO to review “unprecedented” growth of nonbank servicers

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition
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Items Tagged with 'Housing'

ARTICLES

RealtyTrac: Seriously underwater homes hit 2-year low

But it’s not all positive news
Brena Swanson
“The decrease in underwater properties is promising but the estimated $1.4 trillion in negative equity means that the flood waters are not receding as quickly as they were before, corresponding to slowing home price appreciation,” said Daren Blomquist, vice president at RealtyTrac.
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Home-value growth peaks; cooling market puts bubble fears to rest

Zillow: Home value rate of growth easing down
Trey Garrison
Appreciation in home values is slowing definitively after nearly two years of accelerating year-over-year growth, according to the third-quarter Zillow Real Estate Market Report.
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HUD’s Castro and Sen. Heitkamp visit Indian Country

Survey unique housing needs on Indian reservations
Trey Garrison
HUD Secretary Julián Castro and U.S. Senator Heidi Heitkamp visited Belcourt to view housing challenges with black mold and overcrowding on the Turtle Mountain reservation, and toured Williston to examine the city’s rapidly expanding housing and infrastructure developments.
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Capital Economics: Recovery in home sales marches on

Analysts bullish on housing
Trey Garrison
The increase in existing home sales in September took sales activity to a 12-month high, and with falling mortgage interest rates and what some see as an improving labor market, Capital Economics is getting bullish on housing.
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Fitch: Two-year run of home price growth is over

“Several markets are still overvalued”
Ben Lane
“The cooling of the US housing market comes as no surprise after several years of unsustainable growth rates,” said Fitch Director Sean Nelson. “It’s also worth noting that nearly all major cities are experiencing the same home price flattening at the same time. “
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Sterne Agee: Tweaks to put-back rules won’t bait lenders to low FICO loans

LTV changes will open doors for some
Trey Garrison
The planned tweaks in mortgage put-back rules won’t draw major mortgage companies into offering loans to lower FICO borrowers, according to a client note from Sterne Agee, even though new Federal Housing Finance Agency plans to develop 95-97% LTV loans are a positive.
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September existing-home sales jump to highest annual pace

Sales rise as rates drop
Brena Swanson
Despite last month’s slight retreat, existing-home sales jumped back up to their highest annual pace of the year. And on top of that, all major regions except for the Midwest experienced gains in September.
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NTC study alleges up to 490,000 homeowners face inaccurate servicing records

Faulty data can be passed from servicer to servicer
Trey Garrison
National Title Clearing found that out of 2,285,665 servicing database records that were verified against the collateral file, 24,490 loans (1.07%) had significant discrepancies.
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Find out which four housing markets CoreLogic says are overvalued

Texas takes half the list
Trey Garrison
Market Condition Indicators designed by CoreLogic identified only four of the top 50 markets in the U.S. as currently overvalued, based on data through August 2014.
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Fannie Mae to make proprietary appraisal tool available to lenders

Lenders can use Collateral Underwriter in 2015
Ben Lane
Beginning in early 2015, Fannie will make Collateral Underwriter available to lenders as part of its industry tools package, which also includes Desktop Underwriter and Early Check.
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