CFPB collecting data on 600 million credit accounts despite privacy, security risks

CFPB collecting data on 600 million credit accounts despite privacy, security risks

GAO report: Weaknesses in CFPB ability to assess data collection, oversight troubling

3 burning appraisal questions for the CEO of Veros

This is what Darius Bozorgi means

Ginnie Mae launches 5 new initiatives to increase mortgage lending

HUD secretary warns American Dream remains out of reach
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Items Tagged with 'Housing Market'

ARTICLES

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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Freddie Mac: Housing growth remains stagnant

...But it's not all bad news
Brena Swanson
"We remain cautiously optimistic the housing recovery will continue, albeit slowly, until we see more tightening in the labor markets to give personal incomes a much-needed jolt,” Freddie Mac Chief Economist Frank Nothaft said.
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Is this why 3.6 million ready homeowners aren’t selling in 2014?

One in three current mortgage holders have a rate below 4%
Trey Garrison
The problem for one in three homeowners is that selling and then buying means surrendering a dynamite mortgage interest rate, which means even if the home they want to buy is about the same price, they end up paying much more per month.
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NAHB: Homebuilder confidence reaches 6-month high

It's officially a good sales market
Brena Swanson
Homebuilder confidence reached a six-month high, officially showing good sales conditions as strong jobs numbers helped buoy confidence.
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