Cyprexx: Discrimination charges “frivolous”

Cyprexx: Discrimination charges “frivolous”

Fannie Mae contractor responds to charges from National Fair Housing Alliance

Morgan Stanley finally pays $275 million for subprime RMBS fraud

SEC charged company with misrepresenting loans

Hey CNBC, shut up about millennials already

Your advice is patronizing, contradictory and just plain wrong
W S

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HW Magazine

July 2014 cover

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July 2014

Volume: 7
Edition: 7
From HW Magazine

2014 Rising Stars

This year's luminaries shine brightly both now, and for the future
July 1, 2014
In HousingWire’s inaugural Rising Stars program, nominations were accepted for anyone under 40 leading in the housing finance space — in lending, servicing, investing or real estate. Our awards don’t just recognize future potential; we wanted to spotlight those who have already made their mark by starting new businesses, helping to run major corporations, or innovating new systems to move markets forward.
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From HW Magazine

The Baby Boomer housing sell-off

When it will happen is still up for debate
July 1, 2014
When Arthur Nelson, a professor at the University of Arizona, went shopping for a home in Tucson recently, he found plenty of senior citizens trying to sell their homes — but at prices far more than what they were worth. "I was amazed at the number of homes that were overpriced by about 25% where the owners were seniors," he said. These seniors would barely counteroffer, taking so little off the asking price that it wasn’t worth negotiating, Nelson said.
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From HW Magazine

Malicious intent

Mortgage companies face security threats from within and without
July 1, 2014
It's been a bad year for data breaches, and it seems like it will only be a matter of time before a data breach, on the scale of the Target breach, hits a mortgage firm. And considering the depth and breadth of personal information gathered on each and every borrower, the headline risk, not to mention the impact on mortgage customers' lives, could be far more explosive than what the retail giant felt.
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From HW Magazine

Entrepreneurial spirit

Bill Bradley combines discipline with his passion to make deals
July 1, 2014
William J. Bradley, who goes by Bill, is the CEO and founder of W.J. Bradley Mortgage Capital. The retail mortgage originator is headquartered in Centennial, Colorado, and has nearly 100 branches with approximately 1,200 employees across the country. It’s a far cry from where he started.
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From HW Magazine

PHH: Now a pure-play mortgage company

A deal to shed fleet leasing secure, what's ahead for the outsourced mortgage services provider?
July 1, 2014
At a time when residential mortgages are a tough market on every side, PHH is about to become a pure-play mortgage company, from mortgage banking to loan servicing. This month’s column asks a simple question: is now the time to invest in the future of PHH, or are there simply too many question marks to make an investment prudent? As with all Angle columns, the answer, dear reader, lies entirely with you.
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From HW Magazine

Reading the cards

Five things to know about housing for the rest of the year
July 1, 2014
The future of housing for 2014 looks a lot different – and a lot darker – than it did at the start of the year. Either fundamentals have changed, or the evidence is getting so overwhelming that neither the most hopeful naiveté or calculating spin can cover it.
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From HW Magazine

SFR so good

The REO-to-rental evolution is just beginning
July 1, 2014
Some industry observers have been predicting the demise of this market since Blackstone, the largest purchaser of single-family rental homes, announced plans to slow down its acquisition volume earlier this year. But the data paints a very different picture.
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From HW Magazine

Fannie and Freddie bashers hit the wrong target

Don't forget: private market players really drove us into crisis
July 1, 2014
The recent level of criticism directed at Fannie Mae and Freddie Mac is probably one thing that shocks me almost on a daily basis at this point. It’s shocking, because it is so, so, so wrong. The dialogue has shifted to shots in the dark, with no back-up assertions with the necessary credibility.
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From HW Magazine

Customers in the driver's seat

Why most borrower portals don't work
July 1, 2014
For at least the last 10 years, the American home finance industry has realized that consumers want more control over the home finance transaction. Unfortunately, also for the last 10 years and even beyond that, that hasn’t become the reality. There are a number of reasons for this.
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