- newWestern Washington on the edge of a housing market slowdown
Home sales in western Washington state are predicted to slow down the rest of the year and into early 2016 due to these three things. And then there's TRID.
- 5 hours ago 6 Oct 15, 9:38pm -
- newWill the Fed raise interest rates if the federal government is shut down?
While a government shutdown isn’t seen as highly likely this fall, it’s not out of the realm of possibility. A few circumstances could align to make it happen right when the Federal Reserve is looking at raising interest rates.
- 6 hours ago 6 Oct 15, 8:44pm -
- newHouse to vote on TRID grace period Wednesday
Congressional sources tell HousingWire the House will consider H.R. 3192, the Homebuyers Assistance Act, sponsored by Rep. French Hill, R-Ark., Wednesday afternoon. The industry says it's badly needed. Will it pass and will it be enough?
- 7 hours ago 6 Oct 15, 7:30pm -
- newAngelina Jolie’s childhood home for sale
Before she was ever married to actor Brad Pitt, actress Angelina Jolie lived in a four-bedroom midcentury modern home in the rural enclave of Snedens Landing in Rockland County, New York with her family growing up. That house could now be yours for a…
- 8 hours ago 6 Oct 15, 6:50pm -
- newFannie Mae, Freddie Mac offers relief to South Carolina flood victims
Over the last several days, torrential downpours have battered some residents in South Carolina with more than two feet of rain, resulting in as many as 14 deaths and damage currently estimated to be more than $1 billion. Now, Fannie Mae and Freddie…
- 9 hours ago 6 Oct 15, 5:15pm -
- newCorker and Warner at BPC: GSE reform just isn’t going to happen soon
Seven years into Fannie Mae and Freddie Mac being placed into conservatorship, and there is still a lack of consensus on how to reform the GSEs. Don’t expect anything to change going forward no matter how much it's needed.
- 10 hours ago 6 Oct 15, 4:33pm -
- newIs HUD hiding embarrassing data on widow foreclosures?
The California Investment Coalition submitted a Freedom of Information Act request to HUD, asking for data about Financial Freedom’s record with the number of complaints filed against it, and the number of foreclosures it had processed on widowed h…
- 10 hours ago 6 Oct 15, 4:30pm -
- newIs it OK to gatecrash a Realtor’s open house?
Technically you can’t gatecrash an open-invite event, but you get the point, and any real estate agent is bound to get some lookie-loos. So let's settle what’s right and what’s wrong here.
- 10 hours ago 6 Oct 15, 4:00pm -
- newMortgage credit availability rises in September
Mortgage credit availability increased in September, driven by some loosening in conventional loans and a boost from additional Fannie Mae affordable lending offerings.
- 14 hours ago 6 Oct 15, 12:11pm -
- newCoreLogic: Home prices rose 6.9% annually in August
Price growth is on pace now, but forecasts generally project higher mortgage rates and more single-family housing starts for 2016. What will these changes to both supply and demand mean for 2016?
- 15 hours ago 6 Oct 15, 11:15am -
- Another one bites the dust: MERS wins again
MERSCORP Holdings announced Monday that it secured another victory over a homeowner who challenged its authority to assign a mortgage. MERS had its authority upheld this time by the Court of Appeal of California for the Third Appellate District.
- 1 day ago 5 Oct 15, 10:07pm -
- Florida default servicing law firm laying off 150, shutters title company
A Florida law firm that specializes in default servicing, collections, bankruptcy, and other real estate issues is planning to lay off more than 150 employees and close down its title company unit.
- 1 day ago 5 Oct 15, 9:45pm -
- loanDepot hires new tech team
loanDepot’s latest move in the industry is the addition of its 10-member strong #FinTech team to help increase the lender’s online customer experience.
- 1 day ago 5 Oct 15, 9:33pm -
- Investment banker’s suicide highlights pressures industry brings
Since January 2014, HousingWire has reported on what appears to be a tragic trend of suicides and mysterious deaths of financial executives and bankers. The latest highlights the pressures of the financial world, and raises uncomfortable questions.
- 1 day ago 5 Oct 15, 8:44pm -
- Walter Investment CEO stepping down
Coming just one month after Walter Investment Management Corp. agreed to pay $29.63 million in fines to settle charges brought by the Department of Justice, the company announced Monday that Mark O’Brien, the company's chairman and CEO, is retiring…
- 1 day ago 5 Oct 15, 8:34pm -
- TRID pushes industry into digital mortgages
The migration to a fully digital mortgage workflow has long been the goal of forward thinking mortgage lenders. This process would absolutely return a better experience to the consumer, which is likely the main reason the government is making digital…
- 1 day ago 5 Oct 15, 8:00pm -
- TRID day one: Real estate and mortgage finance still alive
The first full workday under the TILA-RESPA Integrated Disclosure rule is in the books, how did everyone do? And what's next for mortgage finance and real estate? It's a TRID world, we just live in it.
- 1 day ago 5 Oct 15, 7:47pm -
- Will the FHA lower mortgage insurance premiums again?
The Federal Housing Administration's mid-November actuarial report is expected to provide some insight into its pricing policy options, according to a client note from Compass Point Research & Trading. But will it suggest another mortgage insurance p…
- 1 day ago 5 Oct 15, 5:52pm -
- SEC charges Home Loan Servicing Solutions over relationship with Ocwen
The Securities and Exchange Commission announced Monday that it charged Home Loan Servicing Solutions for making "material misstatements" about its relationship with Ocwen Financial as well as misstating its net income on several occasions.
- 1 day ago 5 Oct 15, 5:11pm -
- Billionaire hedge fund manager buying up all the places
Billionaire hedge fund manager Kenneth Griffin, CEO of investment firm Citadel, spent close to $300 million on residential real estate. The move set record-high sales prices in three major metros.
- 1 day ago 5 Oct 15, 4:13pm -
- Bernanke: Execs should have gone to jail for Great Recession
Former Fed Chair Ben Bernanke has a lot of regrets about the Great Recession, everything from thinking more executives should have done time for doing the crime, to the belief that he didn't do enough to sell Americans on why Wall Street needed tens…
- 1 day ago 5 Oct 15, 4:03pm -
- [Study] Zillow rules real estate web traffic but lists far fewer properties
Zillow Group’s two portals — Zillow.com and Trulia.com — get more traffic at their web sites than Realtor.com, but Zillow Group sites have fewer listings in most markets, and the two are losing ground on traffic. Worse, there are questions abou…
- 2 days ago 5 Oct 15, 11:00am -
- Black Knight: Cash-out refis up 68% since 2Q 2014
Cash-out refinances jumped 68% year-over-year from the second quarter of 2014 to the second quarter of 2015, as borrowers take advantage of still-low rates and newfound equity in their homes. Does that mean we're in pre-bubble territory?
- 2 days ago 5 Oct 15, 8:00am -
- Monday Morning Cup of Coffee: What are we going to do with Fannie and Freddie?
Seven years later and the GSEs are still stuck in conservatorship. Isn’t it about time someone did something? But what? Plus, a look at the impact of Dodd-Frank on the recovery, a humorous take on hipster gentrification and more.
- 2 days ago 5 Oct 15, 4:01am -
- Affordability squeeze threatens ongoing growth in California
A California cooling effect could put a freeze on nationwide appreciation and a sustained housing recovery. Once interest rates do rise, this new report says that California's housing market will only get worse.
- 2 days ago 5 Oct 15, 4:01am -
- What does a post-TRID world look like?
D-day is now behind us. So, what exactly does a post-TRID world look like? HousingWire spoke with Terry Moore, senior managing director at Accenture Credit Services, about how real estate and mortgage finance will be different going forward.
- 4 days ago 2 Oct 15, 10:01pm -
- Ex-NFL star sentenced to five years in prison for mortgage fraud
Irving Fryar, who spent 16 years in the National Football League, starring for the New England Patriots, Miami Dolphins and Philadelphia Eagles during his career, will spend the next five years in prison. Fryar was convicted for his part in a scheme…
- 4 days ago 2 Oct 15, 9:04pm -
- Mortgage modification fraudsters sent to prison for massive HAMP scheme
A group of California residents received their sentencing this week, with the leader of the scam being handed a 20-year sentence. The group was convicted of stealing more than $7 million from struggling homeowners as part of a mortgage modification s…
- 4 days ago 2 Oct 15, 8:03pm -
- Tightening inventory helps flagging housing market
House prices are picking up again on the back of a very tight housing market. But before the market can recover, it needs to get through some roadblocks along the way.
- 4 days ago 2 Oct 15, 7:46pm -
- Experian hacked: 15 million people’s credit data stolen in breach
Joining an inauspicious list that includes Home Depot and Target, Experian, one of the nation’s three largest credit reporting agencies, is the latest target of a data breach, resulting in the theft of the personal data of more than 15 million peop…
- 4 days ago 2 Oct 15, 5:57pm -