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 Market'

ARTICLES

Less risk, more optimism in Vegas

Jonathan Corr: "What's going to happen to me?"
Jonathan Corr
As thousands of mortgage bankers and service providers gather in a place that grooves on the promise of quick riches and instant pleasure, they are all asking the same question: what is going to happen to me in today's lending market?
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Initial jobless claims hold steady for week

Four-week rolling average reaches eight-year low
Trey Garrison
Initial jobless claims for the week ending Oct. 4 printed at 287,000, a decrease of 1,000 from the previous week's revised level.
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Half of Americans expect home prices to continue growing

Bankrate.com: Overall confidence up but more insecurity among women
Trey Garrison
More than half of Americans think home prices will continue to rise over the next 12 months, a new Bankrate.com report says.
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Housing starts nosedive 14.4% in August

Below analyst expectations despite coming off a heated July
Trey Garrison
After a hot July print, housing starts were expected to slow a bit, but nothing like this.
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Community groups demand halt to HUD distressed loan sales

Claim: Sales to often unnamed buyers benefits Wall Street, not Main Street
Trey Garrison
Community organizations and struggling homeowners in 10 cities are rallying at local offices of the U.S. Department of Housing and Urban Development to call for a halt to a controversial program that auctions off delinquent loans to investors until problems with the program are fixed.
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KBRA: 3 reasons the Fed won't change interest-rate policy

"Adverse market conditions in the future"
Brena Swanson
The Federal Open Market Committee is nearing the end of quantitative easing, spurring a lot of questions in the market on what the future holds. Kroll Bond Rating Agency’s Christopher Whalen suggests the markets may be overestimating the willingness of the FOMC to make a change in interest rate policy for three key reasons.
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3 reasons mortgage apps don't reflect housing strength

The growing disconnect between apps and sales
Brena Swanson
Mortgage applications continue to hover around the same level, while home sales keep rising. A new reports digs into why, citing three factors for the disconnect.
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Executive Conversation: Steve Ozonian sees nonbank role growing

Carrington Holding Company wants to own below-prime space
Sarah Wheeler

Clearly, the lending, loan servicing and the residential real estate markets are undergoing a huge transformation, with new nonbank firms like Carrington playing a greater role in specialty “high touch” services such as asset management, residential institutional management, distressed servicing and traditional real estate brokerage.


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Ellie Mae 2Q14 earnings overcome outages

Encompass users increase 12% y/y
Brena Swanson
Ellie Mae recorded an increase in its second-quarter earnings despite additional operating expenses from its outages experienced at the end of March.
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New home sales collapse, erasing recent surge

Sales 11.5% down YOY; fall to 406,000 annual pace
Trey Garrison
Sales of new single-family houses plummeted in June to an annualized rate of 406,000, at least 20% below most analyst estimates. It was the biggest miss for new home sales in a year, and brings new home sales down to a level not see since December 2012.
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