Auction.com partners with Google to predict housing trends

The New York Times rambles, and mangles mortgages along the way

Mortgage finance and mortgage regulation aren’t the paper’s strong suits

10 reasons why people don’t get a mortgage

It’s not just because of finances
W S

Lending

Lending

ARTICLES

Borrowers find refuge in nonbank mortgage loans

But concerns persist over nonbank risk
Levi Shultz
Nonbank lending continues to fill the gap for borrowers rejected by other banks, even as concerns about nonbanks persist.
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Freddie Mac: Mortgages rates rise from yearly lows

Rates increase across the board.
Brena Swanson
Mortgage rates moved away from last week’s yearly lows and slightly increased across the board, with the 30-year, fixed-rate mortgage averaging 3.98% for the week ended Oct. 30.
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Jobless claims tick up by 3,000 filings

Still remains at historic lows
Brena Swanson
Although initial jobless claims ticked up by 3,000 filings to 287,000 for the week ended Oct. 25, levels still remain at historic lows.
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Auction.com partners with Google to predict housing trends

Nowcast will predict in real time
Ben Lane
The companies are calling the report a first for the real estate industry, because it combines industry data, proprietary company transactional data and publicly available Google Trends data to predict market trends as they are occurring, instead of waiting weeks to see the findings of other benchmark studies.
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Hilco Real Estate Finance sold, rebrands as Jordan Capital Finance

Will focus on “fix and flip” investors; offer lines of credit up to $5 million
Ben Lane
“Following such a successful first year and a half of lending, originating loans in approximately 20 states and rapid expansion of the operations, we decided that the time was right to carefully transition the company to a new capital partner that wanted to aggressively scale the business,” Hilco Real Estate CEO Neil Aaronson said.
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Greenspan: End of tapering will cause market turmoil

Will the Fed end QE?
Brena Swanson
The Federal Open Market Committee meeting minutes are just minutes away from being revealed, potentially announcing the end to Quantitative Easing. Former Federal Reserve Chairman Alan Greenspan said he doesn’t think the Fed can unwind years of extraordinary stimulus without causing turmoil in financial markets.
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This chart shows exactly how student debt blocks housing

The true price of the America dream
Brena Swanson
Not only is the student debt crisis a threat to housing, but it also shows no sign of easing. In fact, it will probably get worse before it gets better, according to one data field.
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MBA Annual has come and gone, but TILA-RESPA is here to stay

What progress have you made one week after the conference?
Matt Corcoran

As you head to complete this phase by Week 28, you not only need to look at how your organization operates internally, but how it operates externally as well with business partners and consumers to ensure regulations around the three-day delivery rule for the Loan Estimate are met.  


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Mortgage revenue decline dents BOK Financial earnings

Mortgage banking revenue totals $27M
Brena Swanson
Although BOK Financial posted a second-quarter net income of $75.6 million, or $1.09 per diluted share for the third-quarter of 2014, its mortgage banking division didn’t do as well.
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Mortgage applications drop 6.6% on jumbo refi decline

Refinancings still account for 65% of activity
Trey Garrison
Mortgage applications decreased 6.6% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending October 24, 2014.
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Paulina Gonzalez

Paulina Gonzalez

Paulina Gonzalez is the executive director of the California Reinvestment Coalition, which advocates for the right of low-income communities and communities of color to have fair and equal access to banking and other financial services. CRC has a membership of over 300 nonprofit organizations and public agencies across the State. Follow her on Twitter @calreinvest