It was a good year for mortgage performance and foreclosure activity. The positive news can partially be attributed to improved economic conditions and aggressive foreclosure prevention assistance. …read more
From:: Real Estate Wire
3 Christmas wishes for housing joy
With Christmas only days away, it’s time to fire off my “housing wish list” to the North Pole. I know from good sources that Santa and the elves are exceptionally fast workers, so it’s never too late, even when making requests on a subject as complex as our nation’s housing system. …read more
From:: Real Estate Wire
Community lender confidential: Why TRID is far worse than anyone thought
In order to get an understanding for just how far apart the CFPB’s opinion of TRID is from the industry itself, especially away from Wall Street, HousingWire conducted a series of interviews, delivered here in longform, with community lenders about how TRID is impacting their mortgage business. Warning: the news isn’t good. …read more
From:: Real Estate Wire
Lenders: Here’s what you’re working with to get Millennials a mortgage
While putting Millennials into homes is a major objective for 2016, let’s figure out what you’re working with money wise when trying to get them a loan. For starters, they are not making as much as their parents were when they were young, and on top of that, they are dealing with an overload of student debt. …read more
From:: Real Estate Wire
The 3 real estate stocks dragging markets down
By jgaffney@housingwire.com It’s true that major stock exchanges are down in today’s trading. But can you really blame this on 3 key players in real estate? Apparently, you can if you write for The Street. …read more
From:: Real Estate Wire
Here’s why 2016 will bring good news for potential homebuyers
Next year isn’t predicted to bring any giant hoopla to set off the market. However, moderate growth is more sustainable, and better for buyers. According to Redfin’s forecast for 2016, you can call it a slowdown, but it’s not bad news. Here are 5 things it expects to see in 2016. …read more
From:: Real Estate Wire
Monday Morning Cup of Coffee: Will Fed raise interest rates in December?
It’s finally here. It’s the week of the December Federal Open Market Committee meeting. The question up for debate: Will the Federal Reserve interest rates? According to most sources, the answer is yes. Also, ever tried to explain what you do for a living to your friends? Make them what this Hollywood motion picture. …read more
From:: Real Estate Wire
Feds bust Rhode Island real estate fraud conspiracy
A real estate attorney, a real estate agent, a licensed loan originator, a former loan officer, a loan processor and a real estate investor were all indicted Friday on charges of participating in a wide-ranging real estate fraud conspiracy that reportedly involved mortgage fraud, bank fraud and identity theft. …read more
From:: Real Estate Wire
This MBA chart shows the drop in retail origination volume
The latest chart of the week from the Mortgage Bankers Association puts the reality of today’s retail origination volume into perspective, along with explaining what the driving forces behind the drop could be. …read more
From:: Real Estate Wire
Ally Financial getting back into mortgage business
Two years after being completely driven from the mortgage business due to the losses suffered by its former subsidiaries, GMAC Mortgage and Residential Capital, also known as ResCap, Ally Financial is getting back into mortgages. Click the headline to read more. …read more
From:: Real Estate Wire