DOJ loses another top cop on mortgage fraud

The Department of Justice is about to lose another one of its top cops in its fight against mortgage fraud. The DOJ announced Friday that John Walsh, the U.S. Attorney for the District of Colorado and the co-chair of the DOJ’s Residential Mortgage-Backed Securities Working Group. While with the DOJ, Walsh played a key leadership role in securing a $7 billion settlement with Citigroup over residential mortgage-backed securities and collateralized debt obligations.

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Two Harbors bailing on jumbo bonds already impacting mortgage market

Two Harbors Investment Corp. shocked the mortgage industry Thursday when it announced that it planned to shutter its mortgage loan conduit and securitization business. But what about the loan originators that turned to Two Harbors to buy jumbo loans? What happens to them now that there’s one less buyer and securitizer of jumbo mortgages in the market?

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New York reportedly investigating Nationstar, Walter Investment reverse mortgage divisions

The New York Department of Financial Services is reportedly launching an investigation into the reverse mortgage divisions of Nationstar Mortgage and Walter Investment Management Corp., according to the New York Post. Click here for the scoop.

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NAR: Proposed TRID changes a "significant victory"

The National Association of Realtors secured a victory in the changes announced Friday to the much-anticipated Consumer Financial Protection Bureau Know Before You Owe rule. The bureau gave much more concrete explanations for one of the biggest problem areas — the closing disclosure.

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Community lenders: We should be exempt from CFPB exams and primary enforcement, too

The Community Home Lenders Association believes that small non-bank mortgage lenders should be exempt from the Consumer Financial Protection Bureau’s exams and primary enforcement, just as most banks already are. Here, the organization explains why and discusses why that exemption would help small lenders better serve consumers.

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Guardian Mortgage parent company merging with Sunflower Financial

In a move that will create the third largest banking institution headquartered in Colorado, Sunflower Financial, the parent company of Sunflower Bank and Logia Portfolio Management, and Strategic Growth Bancorp, the parent company of First National Bank of Santa Fe, Capital Bank and Guardian Mortgage Company, announced plans to merge.

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Dallas homebuilding values shift dramatically

New home starts in Dallas may be up, but it won’t help the affordability crisis as homebuilders made a dramatic shift in the type of homes they are building. Instead of building affordable homes, new home starts are increasing in the higher price ranges.

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Consumers unsure about economic conditions

Consumer sentiment decreased in July from last year as well as last month. Some of the decrease can be credited to Brexit, and near the end of July consumers became more optimistic about the state of the economy.

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CFPB will update Know Before You Owe rule

Staying true to its announcement three months ago, the Consumer Financial Protection Bureau released a set of proposed updates to its Know Before You Owe mortgage disclosure rule after industry calls asked for greater clarity and certainty on the rule. However, the changes, while welcomed, don’t address everything the industry asked for.

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Paltry GDP growth shows economy is "barely above water"

“Over the past 12 months, the economy has expanded by only 1.2%,” Paul Ashworth, chief economist at Capital Economics, said. “What is really worrying is that pace has still been enough to reduce the unemployment rate further, suggesting that the economy’s potential growth rate could conceivably be close to zero.”

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Ellie Mae raises full year guidance after another record earnings report

Ellie Mae is moving from strength to strength, and its president sees no end in sight to the company’s growth potential. After market close, the company reported record revenue of $90.1 million, up 37% from $65.9 million in Q2 2015.

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Arch MI wrote $6.42B in mortgage insurance in the second quarter

Arch Mortgage Insurance, the mortgage segment of Arch Capital Group, generated $6.42 billion of new insurance written during the second quarter of 2016. While Arch MI does mortgages internationally, here’s the breakdown for how it performed in the U.S.

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Lower delinquencies boost Old Republic MI ratios

A decrease in delinquencies combined with an increase in cured defaults pushed claim ratios lower in the second quarter of 2016. Diluted earnings per share also inched up from last year.

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Fannie Mae sells first small NPL pool to private equity firm

Fannie Mae announced Thursday that it selected a winning bidder for its fourth sale of non-performing loans as part of its “Community Impact Pool” program. But for the first time since it began targeting smaller investors, Fannie Mae selected a private equity firm as the winner of the auction.

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Two Harbors gives up securitization business

Once a prominent feature of the secondary mortgage market, prime jumbo residential-mortgage backed securities fell out of favor in the aftermath of the housing crisis. While the post-crisis figures paled in comparison to the pre-crisis days, there are still a number of companies actively issuing prime jumbo RMBS deals. But now, there’s one less.

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Single-family rental investors struggle to make money in California

Investors are having a hard time in California, which holds most of the markets on the top 10 list of worst markets to invest in single-family rentals. HomeUnion’s study shows a list of the best and worst market for investors.

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SEC filing details Ocwen's efforts to rid itself of California mortgage servicing restrictions

Ocwen Financial revealed Wednesday that it is attempting to rid itself of the business restrictions placed upon it by the California Department of Business Oversight, but a Thursday filing with the Securities and Exchange Commission details just how those negotiations are going and why Ocwen is trying to buy its way out of the settlement.

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Yes, college grads more likely to buy a home... but

Fannie Mae conducted a survey where it collected information on Americans with student debt, and what affect that debt has on homeownership. A college education showed to improve homeownership rates in the end, but may delay it.

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Radian grows new mortgage insurance written 60% in Q2

Radian’s second quarter earnings showed an increase in new mortgage insurance written, as well as a tightening credit box as more of its primary mortgage insurance risk consisted of loans with a FICO score of at least 740.

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First Guaranty hires new senior director

First Guaranty hired Joaquin Torre as its new senior director. Company chief revenue officer talks about why Torre makes an exceptional addition to the capital markets team.

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Expert economists: Latest drop in homeownership no big deal

Although homeownership rates hit their lowest level since 1965, some experts say that the change reflects more trends in the rental market than in housing. Others, while concurring that the data shows a lot about rental trends in the market, disagree about the gravity of the decreasing homeownership rate.

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Freddie Mac: Mortgage rates continue upward trend

The 30-year fixed-rate mortgage increased again this week, however it does not seem to bother homebuyers as rates are still near historical lows. On the other hand, the 10-year Treasury yield remained flat. Here, the Freddie Mac chief economist explains why.

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Chronos Solutions acquires UPF Services

Chronos Solutions announced its latest business move, finalizing its acquisition of UPF Services. Matt Slonaker, executive vice president of sales and marketing for Chronos Solutions, first alluded to the acquisition in an interview with HousingWire back in July. Now only a few weeks later, Slonaker and Andrew Gladston, senior vice president of corporate development at Chronos Solutions, revisited with HousingWire to give the full details of the acquisition.

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Existing home sales to continue upward trend?

Existing home sales performed well during the past four months and aren’t projected to change in the near future. Ten-X Executive Vice President Rick Sharga comments on what’s making this market tick.

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Is there a light at the end of the tunnel for Ocwen?

True to its own predictions from earlier in the year, Ocwen Financial posted another loss in the second quarter, putting it on track to post a loss in 2016. But is there finally a light at the end of the tunnel for the nonbank?

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Deutsche Bank negotiating with DOJ on mortgage bond settlement

Deutsche Bank revealed Wednesday that it is currently in negotiations with the Department of Justice to resolve an investigation into the bank’s mortgage bond activities. The bank’s earnings materials don’t disclose what specific matter the DOJ is investigating, but the DOJ has been looking into Deutsche Bank’s mortgage-backed securities activities since at least 2013.

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Despite "largely positive" news, FOMC holds on raising interest rates in July

The Federal Open Market Committee chose to forgo raising the federal funds rate in its latest July meeting as the market starts to recover from the initial impact of Brexit. The news, however, appeared more upbeat, leaving people to question what will happen in the next meeting. As it stands, there are only three meeting left this year.

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California families priced out of housing in top school districts

Families all over the country are preparing their kids to go back to school. But in California, for families who want to get into a good school district, rent prices could be problematic.

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U.S. expands investigation into money laundering by foreign cash buyers

The federal government revealed Wednesday that its investigation into foreign buyers using high-end U.S. real estate as a means to launder money found that potentially illicit activity is behind a “significant” portion of the cash transactions in Manhattan and Miami, and plans to expand the investigation into Los Angeles, San Francisco, and several other areas.

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Fannie Mae updates HomeReady to make it even easier to get a 3% down mortgage

HomeReady, Fannie Mae’s affordable lending product, hit the market nearly one year ago. Since its launch, the program continues to evolve with enhancements that expand access to credit and promote homeownership. Here are the key changes from this announcement.

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BB&T names new presidents in Georgia, Texas regions

BB&T is making changes to its executive teams in Georgia and Texas. Heath Campbell and Rob Bowlby are stepping into new roles as presidents in Georgia and Texas respectively.

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CoreLogic: Cash sales this year lowest start since 2008

Cash sales continue to steadily decrease, and are predicted to hit pre-crisis levels in two years if the decrease continues at the current rate. For now, cash sales at the start of this year are at the lowest level since 2008.

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Affordability constraints hold back pending home sales

Pending home sales barely moved in June as current market conditions such as low inventory and high home prices prevented more growth. Until inventory conditions markedly improve, prospective buyers are likely to run into situations of being priced out of the market or outbid on the very few properties for sale.

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MBA: Refinance and purchase mortgage applications tumble

Mortgage applications tumbled in the latest report from the Mortgage Bankers Association, falling back down as if Brexit never happened. But this shouldn’t be a shocker. Looking back at the past several application reports reveals a different story.

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Bay Area's high housing costs leave local commuter trains without engineers

The famously high cost of housing in San Francisco and the surrounding Bay Area has a new commuter train line in desperate need of new engineers as candidates for the position repeatedly tell the Sonoma-Marin Area Rail Transit agency that it’s simply too expensive for them to live where they’d be working.

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EverBank in "advanced negotiations" to be acquired

Jacksonville, Florida-based EverBank revealed in it second-quarter earnings that it is in advanced talks to be acquired. The company stopped short of answering too many details, so here is what we do know.

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Fidelity National Financial acquires Commissions, Inc.

Fidelity National Financial, the nation’s largest title insurance company, announced Tuesday that the company is acquiring Commissions, Inc., a provider of web-based real estate marketing and CRM software for residential real estate agents and agent teams, with an eye towards expansion.

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Republic Bank expands into mortgages with Oak Mortgage acquisition

Republic First Bancorp, the parent company of Republic Bank, announced Tuesday that the Philadelphia-based bank acquired is planning to expand into mortgage lending with the acquisition of Oak Mortgage Company. Both companies view the deal as an opportunity to expand. Here’s why.

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Here are Summer’s hottest housing markets

These summer months, weather isn’t the only thing heating up. Ten-X has five new hottest real estate markets for the Summer. All of these markets have new rankings compared to the Spring.

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Fannie Mae: Mortgage industry isn't even close to done with tech innovation

Even though the mortgage industry is finally stepping up and answering the call for more technology innovation in the space, a new survey from Fannie Mae on the pulse of the industry shows it’s not even close to getting to where it should be. But the motivation is definitely there. Here’s looking at you, TRID.

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Barclays triumphs in toxic mortgage bond row with U.S. Bank, FHFA

Barclays Bank and a defunct subprime lending unit of the company are off the hook for allegedly misrepresenting the quality of the mortgages that made up a $619 million mortgage bond after the Supreme Court of the state of New York ruled that U.S. Bank and the Federal Housing Finance Agency waited too long to file a lawsuit against Barclays.

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Housing supply increase brings slight relief to California homebuyers

The California housing market could be cooling down as inventory rises, bringing relief to homebuyers across the state. On the other hand, competition remains fierce, and it will take more than one month of increasing inventory to quench the competition in the state.

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Consumer optimism holds steady in July

Consumer confidence barely moved, but remains historically high. While consumers may feel less confident about business in the short term, experts explain that this report tells tale of increasing economic growth into the third quarter.

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New home sales reach 8-year high

New homes sales not only beat out experts’ expectations, but also hit an eight-year high. Although home prices are up, it does not seem to be discouraging the demand for new homes.

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Case Shiller: May home prices rise at modest rate

Opinions about this month’s Case-Shiller results are as mixed as the report seems to be. While prices continue to rise, it is at a smaller rate than before. The most surprising, however, is which markets are cooling versus those that continue to drive strong price increases.

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HUD program offers investors a discount on default properties

Because many servicers and investors are new to the CWCOT program, Chronos Solutions offers high-touch service that walks them through the whole auction process. Whether the property is being sold through a live auction at the courthouse or through an online auction process, Chronos maintains close contact with the bidders through RealtyBid.

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Appraisals creep higher as Brexit continues to impact volume

Appraisal volume, while small, still increased for the week of July 17, as the impact from Brexit continues to filter through the systems. However, according to Kevin Golden, director of analytics with a la mode, the impact won’t last much longer.

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CoreLogic revenue explodes thanks to growing property valuation business

Thanks in large part to its growing property valuation business, CoreLogic saw a huge jump in revenue during the second quarter, the company reported Monday afternoon. And the company plans to grab even more valuation services market share moving forward, thanks to a “highly fragmented and challenged market space.”

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Keller Williams CEO: The need for a real estate agent is alive and well

As technology grows in the housing industry, so does the need for real estate agents, with the two working in conjunction rather than against each other, Chris Heller, CEO of Keller Williams, explained in an interview with HousingWire. Here’s Keller Williams’ view of today’s real estate agent.

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Growing pains at Ditech? Company begins layoffs

Ditech Financial relaunched in 2014 with big plans and big goals. Earlier this month, the company said that it is planning to launch a wholesale lending channel, calling the expansion a “natural progression.” As it turns out, some of Ditech’s employees will no longer be taking part in the company’s “natural progression,” as sources tell HousingWire that the company is set to lay off a number of employees.

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Behind the scenes on why Castro didn’t get picked to be Clinton's vice president

After much talk, and even controversy, surrounding HUD Secretary Julián Castro’s possible nomination to become Hillary Clinton’s vice president, there was a lot more going on behind the scenes, preventing him from locking in the bid. In an interview with The Washington Post’s Dan Balz, Castro explains what happened in the days leading up to Clinton’s major vice president reveal.

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Tired? Here's one mortgage lender's fun tip on perking things up

United Wholesale Mortgage goes to great lengths to create a fun, but also driven, work environment at its headquarters. In what may be one of the best examples of UWM’s dedication to its employees, the company’s answer to getting through the day goes a little off track. But according to the CEO, it works.

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Expanding mortgage servicer hires 4 new executives

As Statebridge plans to expand into GSE-backed loans, it announced its decision to hire four new executives to lead the company through the process. Here’s why the company is excited about the new hires.

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A deeper look into Black Knight’s recent HPI report

A deeper look into Black Knight’s latest report on home prices shows a shocking discovery about where the top state, and the top metros lie. While home prices are up monthly across every state, just one area contains eight of the top 10 metro areas.

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[Housing Op-ed] Party platforms, polls, and presidential politics

The platforms of the two major political parties are a good barometer of the prevailing sentiments of the base of activists in each party. Public opinion polls, on the other hand, provide a broader measure of public attitudes, especially in regard to the nation’s attitudes to housing.

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U.S. Bank partners with Sage to adapt new credit reporting trends

A new partnership between U.S. Bank and Sage provides consumers with a new program that helps with personal finances. The app could help consumers improve credit as more companies move to alternative credit reporting that uses trending credit data.

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Obama administration presents a look at life after HAMP

Time is ticking on the government’s Home Affordable Modification Program and Home Affordable Refinance Program, as both will end on Dec. 31, 2016. In a comprehensive report published Monday, the Treasury, HUD, and the FHFA say that while these programs are set to end this year, the government plans to continue working with the mortgage industry on various loss mitigation programs moving forward, but caution that the industry needs to be prepared to do more.

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Black Knight: Home prices continue to trudge higher in May

Home prices produced much of the same in May, which isn’t necessarily a bad thing. Here’s which states and metros performed well this time around.

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Monday Morning Cup of Coffee: Is housing talk finally coming to the 2016 election?

Well, we’re smack dab in the middle of election season now, and housing is thus far, decidedly not on the agenda. But is that all about to change? While Republican nominee Donald Trump didn’t touch on housing in his acceptance speech last week, the Republican Party platform does call for significant changes to the country’s housing finance system. As for the Democrats, the party made two big moves over the weekend that could bring housing into the conversation.

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Here's one unusual tip on how to beat out all-cash buyers

When the market gets competitive, all-cash offers typically win out as inventory tightens and bidding wars commence. This leaves borrowers who choose to finance at an extreme disadvantage - until now. One unique tip from an article in The New York Times could be the key difference in locking in a home, but it’s not for everyone.

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First Guaranty hires two account executives for its correspondent division

First Guaranty hired David Sorsabal and Marty Richardson as its two new account executives. The company CEO says their experience, product knowledge, and industry relationships are a true value-add to the company.

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New York unveils $13 million program for cities' fight against zombie homes

The state of New York takes its next steps in its ongoing battle against neighborhood blight caused by abandoned foreclosures by unveiling a new program designed to help cities throughout the state fight back against the rise of zombie homes. And the state is using money from a massive settlement with Morgan Stanley to do it.

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Regardless of age, real estate is consumers' top investment choice

Americans of all ages agree that real estate is the best long-term investment, beating out stocks, cash investments and other investment options. While the stock market has been on a long bull run, consumers are still wary.

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Valuation Partners hires new VP

Dammen brings over 25 years of experience in the mortgage industry, primarily as a correspondent lending executive. Most recently, he worked as an account executive in the correspondent lending division at Impac Mortgage Holdings.

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Zillow: Buyers better act fast because homes are "flying off the market"

Homebuyers need to be prepared to act and act fast, as homes are “flying off the market” at speeds not seen in six years, a new report from Zillow shows. Here’s the full scoop on why now, like right now, is the time to buy.

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On the rebound: Get ready for the 2018 surge of homebuyers

‘Rebound’ might not be a good thing when referring to a dating situation, but it’s not a bad thing at all when we’re talking about housing. In fact, there are a lot of people 'on the rebound’ that mortgage loan officers and their Realtor partners should be courting. Approximately 1.5-million consumers are eligible to buy homes in 2018. Ready?

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Ellie Mae: Purchase applications continue to dominate demand

Purchase volume continues to dominate the market, according to the latest mortgage report from Ellie Mae. But given the United Kingdom’s decision to leave the European Union at the end of June, will this continue into July?

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Sandwich generation homes on the rise

The number of homes where three generations live under one roof, also known as sandwich homes, continued to trend higher over the last several years. As a result, Trulia identified two factors behind the rise in this type of housing.

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Mortgage income pushes SunTrust earnings up in Q2

SunTrust Bank reported positive earnings for the second quarter. Revenues increased from last month and last year, driven mainly by the company’s mortgage-related income, which increased even while interest rates are near all-time lows.

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Is the mortgage industry ready for a Brexit-driven refinance surge?

The likelihood that we are facing yet another refinance volume spike in the wake of Brexit is a good news/bad news scenario for many mortgage lenders. Of course, any surge in orders means a surge in revenue, which is generally very good news. In order to ensure a positive outcome, stick to this advice.

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SEC busts two men for $7M collateralized mortgage obligation Ponzi scheme

Earlier this week, the U.S. District Court for the District of Utah, at the behest of the Securities and Exchange Commission, handed down final judgments against two men that the SEC accused of running a scheme that defrauded investors out of more than $7 million.

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California home sales explode in June

The Golden State experienced a very good month for real estate in June, as California existing home sales hit a nearly four-year high, according to a new report from the California Association of Realtors. But it’s not all good news. Here’s the full story.

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Warren and Castro out of the running to be Clinton's vice president?

Ever since Donald Trump announced Indiana Gov. Mike Pence as his running mate, America has looked to Hillary Clinton to reveal her much-anticipated vice presidential pick. Up until now, the list featured several top housing names, but are they still on her short list?

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VRM Mortgage recognized as a top 100 diversity-owned business

VRM received several awards from DiversityBusiness.com for the third year in a row. The recognition from these awards renews the company’s efforts to strive for even greater excellence as a company, according to its CEO.

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Clayton Holdings launches new underwriting program for "fix and flip" lending

Clayton Holdings, a provider of loan due diligence, surveillance, REO management, consulting, valuation, title and settlement services to the mortgage industry, revealed its latest offering. The new solution is already in the market and is specifically designed for the “fix and flip” market.

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CFPB announces several promotions to its executive team

“I am very pleased to announce today’s changes to senior leadership positions at the bureau,” CFPB Director Richard Cordray said. “These leaders have played important roles in fulfilling the CFPB’s mission to protect consumers, and I am looking forward to continuing to work alongside them here at the Bureau.”

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Happy 5-year anniversary CFPB! Will you make it to 6?

Five years ago today marked the first day of one of the most unique and powerful regulators in government. The entity, designed to fix one of the worst financial crises in America’s history, might not be around much longer, at least not in the same capacity the mortgage industry has come to know. The bureau might want to think twice about its birthday wish this year.

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Fidelity National earnings up 7% over last year

While refinance closings were down for the second quarter of 2016, the boost in refinances over the last three weeks bodes well for the future. That is, if the trend continues.

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Black Knight renews partnership with Department of Veterans Affairs

Black Knight Financial Services announced Thursday that it is extending its contract with the Department of Veterans Affairs to provide a reporting application for VA-insured mortgages.

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Existing home sales increase 4 months in a row

The number of first-time homebuyers increased this month to the highest level in four years, pushing existing home sales up yet again. Experts doubt that this upward trend can continue in the coming months.

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Freddie Mac: Brexit volatility tapers off, mortgage rates increase

Experts predict that the impact of Brexit is quickly coming to an end, and looking at this week’s average mortgage rates, they’re probably right. Once again the 30-year fixed-rate mortgage edged up slightly.

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eOriginal names 3 executives to new positions

eOriginal just hired Karl Matthews, Brian Kelly and Simon Moir to its executive team. The executives bring previous experience from Adobe, JPMorgan Chase and CoreLogic.

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BB&T reports record revenues

The bank hit record revenues and came in with strong quarterly earnings. The bank attributes most of its success this quarter to two factors. Here are the details.

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Airbnb adds former Attorney General Eric Holder to fight discrimination

Facing allegations that the company isn’t doing enough to address potentially racially driven rental decisions, Airbnb added former U.S. Attorney General Eric Holder to help the company develop its anti-discrimination policy.

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Affordable housing takes center stage at GOP convention event

Amid all the headlines at the 2016 GOP Convention, the J. Ronald Terwilliger Foundation for Housing America’s Families made sure affordable housing got some attention. These tweets show how affordable housing made waves in Cleveland.

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White House won't discipline HUD Secretary Castro for election law violation

The Obama Administration will not punish Department of Housing and Urban Development Secretary Julián Castro for violating federal election law when he discussed soon-to-be Democratic presidential nominee Hillary Clinton during an April interview.

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Trulia: Building permits preventing new housing growth

Of the 100 largest metros, Las Vegas is the most elastic housing market in the U.S. Prices over this period increased 71.4%, but the housing stock increased 87.8%, leading to an elasticity estimate of 1.17. Other metros are not so fortunate.

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Expanding mortgage credit availability isn't hard, if you do it right

At meeting after meeting with mortgage industry executives, government officials ask all of us to expand mortgage availability to underserved borrowers. But those officials caution industry leaders in the very next breath, don’t loosen underwriting standards and return to the go-go days of the credit crisis. Hearing these seemingly contradictory requests, the lending community is left scratching its collective head. But there are ways to bridge the divide.

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The future of mortgage rates in a post-Brexit world

There’s no denying the past few weeks in the housing market have been filled with repercussions from Brexit, however that may all be at an end, according to Capital Economics.

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Study: Race still a major factor in mortgage lending

A new study released this week by the National Community Reinvestment Coalition shows that race is still a significant factor in mortgage lending in two major U.S. metro areas. The study found that in both St. Louis and Milwaukee, more mortgage lending is done in primarily white neighborhoods compared to minority neighborhoods.

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Freddie Mac: Americans ignoring conventional wisdom in housing market

More than 33% of Baby Boomer homeowners still have a mortgage, and most have over 10 years left until their loan is paid off. In addition, about 19 million Baby Boomers want to buy a home, with 8 million saying they want to do it within the next four years.

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Goldman Sachs revenue drops from last year

Net earnings came in at $1.82 billion for the second quarter, which ended June 30, 2016. This is a 61% increase from the first quarter’s $1.14 billion and a 74% increase from last year’s $1.05 billion.

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MBA: Mortgage applications flip 180 degrees

The frenzy surrounding mortgage applications in the wake of Brexit is starting to wane as refinance applications post a slight drop in the latest report from the Mortgage Bankers Association. Instead, a different category is starting to shine: purchase applications.

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When it comes to GSE reform, there's no need to reinvent the wheel

After reviewing various GSE reform options, I strongly believe our strongest course of action would be to combine the existing GSEs into a single, super GSE operated similarly to Ginnie Mae. Ginnie is already a proven success story, in spite of underfunding and hurricane-like market headwinds in the past ten years, so why not build upon something that we know works?

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Republican Party calls for significant changes to housing in 2016

If the Republican Party sweeps November’s elections, the world of housing finance could be in for some significant changes, as the party’s 2016 platform calls for seriously cutting the government’s role in housing. The platform could potentially abolish the Consumer Financial Protection Bureau and end the use of disparate impact.

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FHA to begin insuring mortgages with PACE loans

The Federal Housing Administration will soon begin insuring mortgages that also carry liens created by energy retrofit programs, as long as the energy lien remains subordinate to the mortgage, the Department of Housing and Urban Development announced Tuesday. Here are all the details.

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First Guaranty brings on new executive

First Guaranty hired William Johns as its new director of enterprise data. First Guaranty’s CIO explains why Johns is a good fit for the company, in addition to the experience he brings with him.

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Here's the social media guide tailored just for mortgage lending

$1.6 trillion. This number defines the business potential you have in mortgage originations. The trick is to use social media to beat out all the other companies in the mortgage space that are also fighting for their share. But you’re not trying to just master social media, you’re trying to harness a tool to connect with future clients and keep client retention to grow your business. This is how you do that.

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CoreLogic: Distressed sales keep falling

A new report shows that distressed sales continued to decline in all but seven states. At this rate of decline, the market is on track to see pre-crisis distressed sales numbers by the middle of 2018.

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Brexit impact makes its way to appraisal volume

It took a bit longer, but the Brexit impact finally made its way to appraisal volume. Since appraisals are ordered later in the mortgage process, it takes more time to see the true impact. The results are officially in and appraisals fell right in line with mortgage applications.

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HUD Secretary Castro broke election law with Clinton endorsement

Department of Housing and Urban Development Secretary Julián Castro, rumored to be on former Secretary of State Hillary Clinton’s shortlist for vice president, violated federal election law when discussing and endorsing Clinton during an April interview with Yahoo News. Here’s the full story.

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CoreLogic gives University Data Portal an upgrade

“These enhancements significantly expand the scope of research that can be performed through use of the CoreLogic University Data Portal and provide deep insight into the most seismic real estate event of the last 80 years: the mortgage and foreclosure crisis,” said CoreLogic Chief Economist Frank Nothaft.

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Fannie Mae: Brexit casts uncertainty on second half of 2016

Fannie Mae predicts that the current economic growth outlook will remain unchanged for the rest of the year, however it also warns of the effects of Brexit. Not everyone agrees with the company’s predictions.

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June housing starts down slightly from last year

Housing starts came in higher than last month, but down from last year. Overall, the numbers are still well below historic norms. Trulia’s chief economist explains what could be behind the shortage.

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MGIC revenues increase more than expected

Not only did MGIC surpass last year’s revenues, but also industry expectations for the second quarter. MGIC also showed strength in its new insurance written, which also increased from last year.

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BB&T names regional president of Louisville-based region

BB&T promoted Tom Eller to regional president of its Louisville-based region. Eller has about 16 years of experience with the company, and 27 years of experience in the banking industry.

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RealtyTrac launches game-changing property information database

RealtyTrac, a provider of comprehensive property data, announced Tuesday morning that it is launching a massive rebranding of the company, and will be known moving forward as Attom Data Solutions. But this is more than just a rebrand. The world of real estate and housing is about to change, as consumers and operators within the industry are about to have more information available at their fingertips than ever before.

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Ringleader of mortgage scheme sentenced to over 9 years in federal prison

“This sentence should serve as a strong warning about the consequences awaiting those engaged in large-scale financial fraud,” said Terence Opiola, Special Agent in charge of homeland security investigations in Newark. “The organization identified in this case was responsible for harming countless innocent victims.”

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Ellie Mae launches new version of Encompass

Ellie Mae’s new version of Encompass includes DataVerify’s DRIVE services, including fraud detection and 4506-T for income verification, and FraudGuard, First American Mortgage Solutions’ decision-support tool designed to quickly and accurately identify risk in mortgage transactions.

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Borrowers love Wells Fargo’s 3% down program

First-time homebuyers are taking a liking to Wells Fargo’s 3% down program as applications came in at $1 billion during the program’s first month. Wells Fargo spoke about the success of the program on the company’s earnings conference call.

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Bomb threat forces evacuation of Nationstar corporate headquarters

The corporate headquarters for Nationstar Mortgage, home to approximately 900 of the company’s employees, sat vacant for several hours Monday morning as a bomb threat to a nearby unaffiliated building forced an evacuation. After a few hours, Dallas Police gave the “all clear” and Nationstar’s employees returned to work. Here are more details on the developing situation.

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Blackstone reportedly plans to take Invitations Homes public

The largest single-family rental operator in the country could soon be publicly traded, as Bloomberg reports that Blackstone Group plans to take its single-family rental unit, Invitation Homes, public at some point in 2017.

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New legislation could bring relief to small mortgage lenders

Small, responsible mortgage lenders could catch a break soon if recently introduced legislation goes through. Rep. Roger Williams, R-Texas, introduced legislation that would make some small lenders exempt from CFPB examinations.

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BB&T acquires National Penn

BB&T just opened 108 new offices under its banner after its acquisition of National Penn. The bank trained its employees for the transition for months, even creating merger buddies to guide the newly acquired associates through the transition process.

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Homebuilder confidence holds steady in July

“For the past six months, builder confidence has remained in a relatively narrow positive range that is consistent with the ongoing gradual housing recovery that is underway,” said NAHB Chairman Ed Brady. “However, we are still hearing reports from our members of scattered softness in some markets, due largely to regulatory constraints and shortages of lots and labor.“

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Bank of America second-quarter revenues off 7.2% from last year

Second-quarter earnings for the bank came in at $0.36 per share, $0.03 better than the Capital IQ Consensus. However, revenues fell 7.2% annually to $20.6 billion, which was better than the Capital IQ Consensus prediction of $20.52 billion.

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Monday Morning Cup of Coffee: Crusading for affordable housing at the Republican Convention

One of the biggest events this week will be the Republican National Convention in Cleveland, Ohio. The Republican party platform contains specific recommendations for housing, including winding down Fannie Mae and Freddie Mac and reducing the size of the Federal Housing Administration, but it remains to be seen what actually gets talked about at the convention, much less enacted should the Republicans win the presidency.

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Study: Recent changes to reverse mortgage rules cut default risk in half

A new study from the Center for Retirement Research at Boston College states that recent changes made to the rules governing reverse mortgages, specifically those that are part of the government’s Home Equity Conversion Mortgages program, will dramatically cut the risk of default for borrowers.

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Here's why the FHA's changes to non-performing loan sales are a universal win-win

Recently, HUD announced important, valuable, and substantive changes to its Distressed Asset Stabilization Program, under which the FHA sells off deeply delinquent loans to private investors. The reforms will benefit homeowners, entire neighborhoods, and our economy as a whole – and have the potential to transform the way the private sector approaches the housing market. Here’s why.

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Federal court tosses challenge to CFPB Director Cordray's recess appointment

A federal judge tossed out part of a lawsuit that challenged the makeup, leadership structure and authority of the Consumer Financial Protection Bureau, finding that the Obama Administration was within its allowable rights when it named Richard Cordray as the CFPB’s director while Congress was in recess.

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Condo legislation passes in Senate, offers relief for homebuyers

The Senate just unanimously passed a bill to help solve the affordability crisis. The bill passed by a unanimous vote in the House back in February, and now just awaits a signature to become law. The National Association of Realtors lobbied heavy for the reform and says the new condo legislation will provide home buyers with a more affordable option.

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U.S. Bancorp profits increase in Q2

Bancorp just announced its earnings, and the results were better than analysts expected. In a time when banks are struggling to make a profit due to low interest rates, Bancorp came out on top.

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Op-ed: 30-year mortgage may not be on the market much longer

Is the end near for the 30-year fixed-rate mortgage? One expert thinks so. He says the 30-year fixed only exists thanks to a massive government subsidy. That comes in the form of the government-sponsored enterprises Fannie Mae and Freddie Mac.

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Bloomberg blog: Frustrated homeowners look to Trump for leadership

Whereas Trump may be getting votes from struggling homeowners in the Midwest region, is he getting the votes for the wrong reason? This is why those homeowners could be leaning towards Trump.

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Homeowners use Pokémon Go to sell their home

Pokémon Go rose rapidly in popularity in the U.S., to a point where now, homeowners are even using the game to sell their homes.

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Mortgage lending on track for best year since 2013

While a recent report from Fitch Ratings suggested that 2016 could be a rough year for mortgage servicers due to persistently low interest rates, those same interest rates could lead to a banner year for mortgage lenders. It’s not just refinance applications that are trending up, actual first mortgage originations were up sharply in the first quarter — to a point that 2016 could be the best year for mortgage lending since 2013.

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Citigroup earnings outperform analysts’ predictions

While revenues are down from last year, the company’s earnings still came in higher than experts predicted. Company CEO: These results demonstrate our ability to generate solid earnings in a challenging and volatile environment.

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People more concerned about economy after Brexit

After Brexit, many consumers, especially in the top third of income earners, have a less optimistic view of the current economy. Many of these consumers, in fact, were impacted personally by the stocks dropping after the Brexit vote.

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Wells Fargo earnings in line with expectations

Wells Fargo earnings came in in-line with Capital IQ Consensus at $1.01 per share. Revenue rose by 4% from last year. The company’s second quarter results demonstrated ability to generate consistent performance during periods of economic, capital markets and interest rate uncertainty.

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Federal court tosses challenge to CFPB Director Cordray's recess appointment

A federal judge tossed out part of a lawsuit that challenged the makeup, leadership structure and authority of the Consumer Financial Protection Bureau, finding that the Obama Administration was within its allowable rights when it named Richard Cordray as the CFPB’s director while Congress was in recess.

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Subprime lending remains steady for third consecutive year

Although subprime mortgages increased in the first quarter of 2016, so did other mortgage lending, so subprime mortgages maintained the same percentage of market share.

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Florida senators want "slumlords" held accountable for public housing conditions

Florida’s senators are deeply concerned about the living conditions for some of the state’s residents who live in federally subsidized housing and they want the government to do more to hold the properties’ owners accountable. The senators say the move is in response to the “deplorable” living conditions discovered in several federally subsidized housing developments in Florida.

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Fitch: Mortgage servicers are in for a rough year

Many of the largest bank and nonbank mortgage servicers saw their portfolios decline in the first quarter of 2016, according to a new report from Fitch Ratings. And with mortgage interest rates remaining near historic lows ever since the Brexit, things aren’t likely to get much better for mortgage servicers this year.

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Fannie Mae announces winners of non-performing loans sale

Fannie Mae announced the sale of its latest non-performing loans pools, with an all-too familiar winner. Once again, Lone Star won, claiming half of the pools, and leaving Neuberger Berman with the other half.

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Houston median home price hits record high in June

Houston’s housing market just hit a new high in its median home price. On a year-to-date basis, home sales rose 2.7% versus June 2015. A sufficient supply of inventory and low interest rates should draw more homebuyers into the market in the weeks ahead.

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3 things banks should do to help eliminate payday lending

Millions of Americans do not use banks, either for lack of access, trust, knowledge or many other reasons. The Federal Reserve Bank of Cleveland put out a statement showing what both banks and communities could do to bridge the gap and grow this auxiliary economy.

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Americans want presidential candidates to talk about affordable housing

Over three-fourths of voting Americans want to hear more about affordable housing from presidential candidates. Very few are currently satisfied with Congress’ actions pertaining to housing. The problem? The presidential candidates don’t seem to be listening.

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Freddie Mac: 30-year mortgage rate holds steady

After Brexit, U.S. Treasury yields and the 30-year mortgage rate took two separate paths. Freddie Mac’s chief economist explains the difference, and what each mortgage rate did this week.

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RealtyUSA merges with Howard Hanna, forms nation's "3rd largest real estate company"

Howard Hanna Real Estate Services, the largest real estate broker in Pennsylvania and Ohio, is merging with RealtyUSA, the largest real estate broker in New York, to form what the companies are calling the “third largest real estate company in the United States.”

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JPMorgan Chase beats expectations for Q2 earnings

“JPMorgan Chase continued to perform well in all of our major businesses,” said Jamie Dimon, JPMorgan Chase chairman and CEO. “We saw strong underlying performance with record consumer deposits, up 10%, credit card sales volume, up 8%, merchant processing volume, up 13% and broad core loan growth, up 16%, particularly in mortgage and commercial real estate.”

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RealtyTrac: More homeowners are avoiding foreclosure than ever before

A new report from RealtyTrac shows that more homeowners are keeping their homes out of foreclosure than ever before. According to RealtyTrac’s report, the number of homes that started the foreclosure process during the first half of 2016 was the lowest for any half-year period since the company began tracking foreclosure starts in 2006.

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Best Rate Referrals acquired by Digital Media Solutions

Digital Media Solutions, a company that bills itself as a “end-to-end solutions provider for brands focused on customer acquisition and retention,” is set to enter the mortgage market with the acquisition of Best Rate Referrals, a mortgage marketing firm that offers a variety of lead generation solutions. Both companies are excited by the potential of the new relationship.

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Homeowners versus Pokémon Go

“Never in my life did I think I would type the words Pokémon Go into a police report.” –Wyoming Police. And yet, that’s just what’s happening. Yes, the Pokémon Go craze is already affecting homeowners throughout the nation. It’s really happening. It’s all happening.

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Schatz, Warren, Feinstein want FTC investigation of AirBnb, short-term rental industry

Three Democratic senators are concerned about the impact of short-term home rental companies like AirBnb, HomeAway, VRBO, and Flipkey on communities’ housing markets and want the Federal Trade Commission to investigate. Here’s what Sens. Brian Schatz, Elizabeth Warren, and Diane Feinstein think of the short-term rental industry.

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Alterra Home Loans secures private equity funding, plans expansion

Alterra Home Loans, an independent mortgage bank that is 100% minority-owned and focuses on lending to Hispanics, announced this week that it secured an expansion capital and an equity investment commitment from Panorama Point Partners.

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Americans fail basic financial literacy test

It would seem Americans didn’t learn from their mistakes during the housing crisis. In fact, they know less today than they did in 2009, as less of the population is able to pass even a simple financial literacy test.

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Former Univision CEO buys President Reagan’s $15M homestead

The Reagans’ home just sold in an off-market deal to a former Univision CEO for $15 million. Find out more about the 17-bedroom home in this story.

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Mexican singer sues Wells Fargo, says employees stole $400,000

After two employees from Wells Fargo allegedly stole about $400,000 from singer Ana Barbara, she turned to Wells Fargo to reimburse her. The bank, however, will only give her up to $250,000.

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Julián Castro defends recent DASP changes during House hearing

The discussion over HUD’s recent changes to its non-performing loan sales program heated up as Republicans on the House Financial Services Committee questioned HUD Secretrary Castro on the recent changes during a Wednesday hearing on Capitol Hill.

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The potential cost of misunderstanding title insurance financing

Title insurance is a topic rife with misunderstanding and myth. It is required on most real estate transactions and is generally purchased even when not strictly required, so understanding available lower-cost options can make a real financial difference.

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United Wholesale rolls out its 1% down program

Many companies began offering low down payments this year, with 3% down becoming a trend. Now, United Wholesale Mortgage joins the ranks of those offering even less at 1% down for qualified borrowers on a conventional loan.

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Millennials with student debt not interested in buying homes

Although many homeowners believe now is a good time to buy a home, less renters agree with them, and even less Millennial renters. Student debt is proving to be a major hindrance for Millennials who want to buy a home.

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MBA: Mortgage apps continue to increase

Mortgage applications are up, along with refinances as the mortgage interest rates continue to drop. With rates nearing their all-time lows, many borrowers look to lock in their rate.

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FHFA's Watt: Congress needs to handle housing finance reform

In recent weeks, several different groups tried to exert public pressure on the Federal Housing Finance Agency in an attempt to end the housing finance system’s current status quo. Up to this point, the FHFA and its director, Mel Watt, did not respond directly to these efforts. But now, Watt is responding to those public salvos, albeit much more quietly than the trade groups or the politicians.

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ClosingCorp promotes chief innovation officer

ClosingCorp promoted Pat Carney to chief innovation officer, where he will oversee the strategy behind the company’s technology partnerships and will look at the user experience based on heightened customer needs and expectations.

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New Orleans homebuilders oppose mayor's affordable housing push

As New Orleans mayor Mitch Landrieu seeks to solve the city’s affordable housing problems, homebuilders stand strongly against the his efforts, claiming his plan is ineffective. Here’s the big pain happening in The Big Easy.

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Ocwen and Altisource bouncing back?

After the plummet over the past week, Ocwen and Altisource may be bouncing back. The stock in each company is back to what it was at the beginning of last week. The report could mean an upgrade in Ocwen’s rating by S&P.

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Afraid of changing insurance partners?

The new insurance partner should employ a rigorous, well-managed transition plan to mitigate risk to a servicer and its customers. A successful transition methodology incorporates detailed project documentation to cover the project initiation, requirements, project schedule, design, testing, staffing, training and project closure.

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Quicken Loans: Homeowners too optimistic about home values

The gap between what homeowners think their home is worth and what appraisers say it’s worth grew even wider in June. Quicken Loans’ chief economist explains what that could mean and points out regional differences in homeowner attitudes.

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Ditech plots new path, launches wholesale lending channel

When Ditech Financial relaunched in 2014, it laid out a three-pronged plan to establish itself back into the mortgage market, stating that it planned to launch direct consumer lending, retail lending and correspondent lending operations. The company has since merged with Green Tree Servicing and shuttered its retail division. Now, it’s plotting a new way forward and launching a wholesale lending channel.

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Foreclosures, serious delinquencies nearing decade low

The number of homes in some stage of foreclosure and the number of seriously delinquent mortgages continued to decline in May, falling to the lowest level since October 2007, according to the latest data from CoreLogic.

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Mortgage tech company Tavant gets new CRO

Tavant Technologies just promoted Hassan Rashid as its new chief revenue officer. Here, company CEO Sarvesh Mahesh explains why Rashid is the ideal fit and why he got the promotion.

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JPMorgan Chase to start paying employees more

JPMorgan Chase is raising its wages for about 18,000 employees, as well as improving its benefits plan. CEO Jamie Dimon explains the reasons for this increase.

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Freddie Mac: Brexit to push housing market forward in 2016

Freddie Mac revised its forecast from last month in wake of changing global conditions. The U.K.’s vote to leave the European Union and the economic slowdown in China will push mortgage rates lower, and increase homebuyer demand in the U.S.

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[FORECAST] Softening in housing market to cause some slowdown

While markets may be softening, Veros Real Estate Solutions says the housing market is still going strong. Here is a breakdown of the forecast of the next 12 months, and the best and worst rated markets.

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California Assoc. of Realtors sues PDFfiller.com for $136M for 'unlawful copyright violations'

The California Association of Realtors claims that the website PDFfiller.com “willfully and unlawfully” copied, used, and sold its copyrighted materials to “hundreds of thousands of users” and wants the website to pay up – to the tune of $136 million.

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Agrihoods become newest real estate hot commodity?

Agrihoods, though not new, are now becoming more and more popular as homeowners move out of crowded residential areas and search for homes with more room to roam. One development is creating homes around farmland, so many families can even grow their own garden.

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Wall Street Journal editorial lauds Republican plan to abolish Dodd-Frank

Count the Wall Street Journal editorial board among the supporters of the Republican-crafted plan to repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act. In an editorial published on Sunday, the Wall Street Journal editorial board calls the Republican plan a “promising idea” that would “promote economic growth and protect taxpayers”

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Affordable housing advocates disappointed with New Jersey court’s ruling

Some said they agreed the the appeals court’s recent decision, while others said that the court deviated from the course New Jersey has set for decades on how affordable-housing needs should be measured.

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Ginnie Mae announces new EVP and COO

Ginnie Mae hired Nancy Corsiglia as its new executive vice president and chief operating officer. Company president says why the company is “thrilled” to have her.

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Who is eligible for principal reduction? New report sheds light on groundbreaking program

When the Federal Housing Finance Agency announced earlier this year that it was going forward with a groundbreaking plan to offer principal reduction to a select number of borrowers, the details on who exactly would be eligible were somewhat scarce, outside of the stipulations for the program provided by the FHFA. A new report from the FHFA provides more detail on how many borrowers are eligible and where they are located.

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Corker, Warner, bipartisan Senate coalition to FHFA: Leave GSE reform to us

Over the last few months, several groups attempted to push the Federal Housing Finance Agency to allow Fannie Mae and Freddie Mac to rebuild their dwindling capital base. Now, several of the most significant voices on housing finance reform in the Senate are weighing in with their own view on the situation. Their advice? Leave housing finance reform to us.

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Record low interest rates? Ha! It's still getting harder to get a mortgage

Mortgage interest rates are nearing all-time record lows and mortgage applications are up, all thanks to the Brexit, but it looks like those figures may not lead to a huge jump in actual mortgages being taken out, because it’s still getting harder to get a mortgage. Here’s the sobering news.

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Many borrowers still owe too much on their home

Many homebuyers are regaining equity on their homes as home prices continue to increase. But while homes that are underwater may be down significantly from the 2012 peak and even from last year, there is still a long way to go before hitting pre-crisis numbers.

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Homeward Residential partners with USRES

Executives from Homeward Residential, a wholly owned subsidiary of Ocwen Financial, explain why they chose U.S. Real Estate Services as the company’s approved appraisal management company.

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Monday Morning Cup of Coffee: Happy [early] birthday CFPB, Brexit and big bank investing 101

Who said it? “The CFPB turns five this year and in that short amount of time has already returned more than $11.4 billion to over 25 million Americans who have been harmed.” Click to find out!

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New York launches new task force to investigate deceptive lending, real estate crimes

It’s about to be much harder to get away with real estate crimes in the state of New York, thanks to a series of new task forces that are being charged with combatting tenant harassment, deceptive lending practices, deed theft, bank fraud, and other housing issues in the state.

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Former New Jersey councilman gets 5 years for $13 million mortgage fraud

A former councilman and failed mayoral candidate for the city of Kearney, New Jersey will spend the next five years in prison after pleading guilty for his role in a $13 million mortgage fraud scam that involved using straw buyers to buy condominiums from financially distressed developers.

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Castle & Cooke Mortgage appoints new executive

Caste & Cooke hired Hutto-Schultz as its new national compliance director. She brings experience from her previous position where she specialized in mortgage regulatory and compliance law.

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[Factsheet] Men’s homes more profitable than women’s

Homes owned by single women tend to hold a lesser value and appreciate at a lower percentage than homes owned by single men. However, women tend to make less money than men, meaning they’re likely to buy homes that appreciate less, thus causing a domino effect. This week’s HousingWire factsheet illustrates the gap using data from RealtyTrac.

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Zillow: Refinances skyrocket in wake of Brexit

A recent report from the Mortgage Bankers Association showed that refinance applications jumped to an 18-month high in the wake of Britain’s decision to leave the European Union. Further evidence of the apparent refinance boom came in Friday, when Zillow reported that refinance mortgage requests through its mortgage marketplace skyrocketed since the Brexit. Is a refinance boom upon us?

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The silver lining to low mortgage rates for banks

As borrowers continue to widely benefit from low interest rates, the same can’t be said for banks, with lenders searching for ways to earn money. The good news is there are two different ways banks can still make a profit in today’s tighter market.

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Fifth Third Bancorp names new SVP and head of mortgages

Fifth Third Bancorp welcomes a new executive to lead it mortgage department. This is the same lender that announced a new zero down payment mortgage program earlier this month. Edward Robinson comes to the position prepared, bringing a solid track record of success in a variety of challenges and roles.

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We need to raise the volume on America's rental affordability crisis

If we simply do nothing, the rental affordability crisis will only get worse. The reason: shifting demographics. At the 2016 Republican National Convention, we will be doing our best to raise the volume on America’s rental affordability crisis. If we keep the drumbeat going long enough, we are confident our message will finally get through.

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Payroll employment numbers skyrocket in June

The jobs report came in much higher than anyone expected, in stark contrast to May. After last month’s shockingly low jobs report, many speculated on what that would mean for both the economy and the mortgage rates. Now with this month’s report, while an improvement, not everyone sees it as good news.

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This is the “largest-ever” Silicon Valley affordable housing eviction

A 216-unit complex called the Reserve Apartments will be demolished next year to make way for a development of market-rate housing, displacing roughly 670 tenants living in affordable housing. This story is the largest eviction of rent-controlled apartments to date, but unfortunately, it’s only the latest sign in a growing problem.

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Republicans demand answers from HUD's Castro on FHA non-performing loan sales

Last week, HUD and the FHA announced the “most significant improvements to date” to its non-performing loan sales program. But House Financial Services Committee Chairman Jeb Hensarling, R-TX, is less than impressed with those changes, going so far as to question HUD, the FHA, and HUD Secretary Julián Castro’s motivations for making the changes.

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Lone Wolf Real Estate Technologies names new CEO, executive chairman

Lone Wolf Real Estate Technologies, a provider of residential real estate software, is about to have new leadership at the top of the company. The Canada-based company announced Thursday that it is promoting Patrick Arkeveld from president to chief executive officer. Current CEO and company founder, Lorne Wallace, will instead serve as executive chairman.

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Here are 4 ways to conquer Facebook Live videos

Facebook Live is one of the newest social media tools out there, premiering in April 2016. Given the freshness of it, there’s still time for your business to jump onboard and become one of the first pioneers to use it. Rather than go into it blindly, Ben Smidt, MGIC digital marketing program specialist, put together this list of 4 ways to use Facebook Live videos for business.

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Which presidential candidate is better for housing?

Housing is no where near the top of the priority list for this year’s presidential candidates, with many Americans unclear about where the candidates stand. However, it seems there is one clear candidate who people believe is more likely to cause an increase in home prices.

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Docutech announces partnership with Serent Capital

In order to continue its growth, Docutech announced a partnership with Serent Captial, which specializes in investing in fast-growing companies. This is what the partnership means for the future of Docutech.

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ABA: Here's proof rising home equity levels are good for consumers

Even before Brexit hit, mortgage rates were at historical lows, igniting a surge in demand for home equity loans at the end of last year and into this year. After the financial crisis, home equity lines of credit fell to the wayside as lenders tried to avoid new defaults, but this is no longer an issue according this new report.

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FHFA: Fannie, Freddie single securitization coming in 2018?

The Federal Housing Finance Agency announced Thursday that it is making progress on the implementation of the single security to be issued by both Fannie Mae and Freddie Mac, and, for the first time, provided a look at just when the common security will become a reality. So, when is the single security coming? Click through to find out.

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One housing market that is not feeling the impact of Brexit? Britain

Just weeks after the U.K.’s decision to leave the European Union, the housing market in Britain seems to be operating under business as usual. The Brexit vote may not impact home purchases, as some believed, but some property funds are freezing withdrawals.

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ADP predicts monthly employment data will rise

After last month’s slump in job growth, the ADP National Employment Report predicts that jobs will increase in June. Large multinationals are struggling a bit, and Brexit won’t help, but small and mid-sized companies continue to add strongly to payrolls.

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BancorpSouth now offers zero-down mortgages

Over the last few months, a growing trend is emerging, as lenders of various sizes begin to offer certain borrowers the opportunity to get a mortgage loan with a down payment of 3%, or less. BancorpSouth is joining that trend by now offering zero-down mortgages to certain borrowers. Here are all the details.

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Fannie Mae: Americans feel less confident about housing

Although Americans say now is a good time to buy and sell a home, wages and job growth keep blocking their confidence in the economy. Meaningful improvement in the housing market going forward will likely require consistent upward movement in consumers’ income growth perceptions.

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Freddie Mac: Mortgage rates near all-time lows

Brexit continues to take its toll on mortgage interest rates. The average 30-year mortgage rate sank yet again this week, drawing even closer to all-time lows.

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Assurant announces acquisition of American Title

A little over a year ago, Assurant announced that it planned to exit the health insurance and employee benefits business and shift its focus instead to its housing programs. Assurant continued in that plan Wednesday, when it announced the acquisition of American Title, a provider of title and valuation services for home equity loans, conventional mortgages, and refinancing.

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Sen. Corker pulls name from Trump VP shortlist

One of the leading voices in Congress on housing finance reform will not be lending his voice to the coming presidential race, at least not in an official capacity, as Sen. Bob Corker, R-Tenn, announced Wednesday that he is removing himself from consideration to serve as the vice presidential candidate under presumptive Republican nominee Donald Trump.

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Real estate agent faces up to 30 years in prison for mortgage fraud

A real estate agent pleaded guilty Tuesday to his participation in a mortgage fraud scheme, dating back to 2008. In the latest update on his case from the United States Attorney for the District of Maryland Rod J. Rosenstein, he faces a maximum sentence of 30 years in prison and a $250,000 fine for conspiring to commit wire and mail fraud, and for wire fraud.

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[Video] Five years later, would CFPB Director Cordray do regulation any differently?

July 21, 2016 marks the fifth anniversary of the Consumer Financial Protection Bureau. Looking back, CFPB Director Richard Cordray answered in a recent interview if he would do anything different now that he sees some of the consequences of regulation. And as far as looking ahead, could America soon be seeing him as the future vice president of America?

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Former bank president facing life in jail for bank fraud, real estate fraud

The former president and chairman of a failed Oklahoma bank could spend the rest of his life in federal prison after a jury found him guilty of a series of fraud charges that involved personally approving fraudulent loans for real estate and other investments.

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Brexit proved too much a wild card for Fed officials

Minutes released from the Fed’s June meeting show how dependent raising rates this year is to the Brexit decision, and the role other economic factors, such as the jobs report, played in the decision not to raise rates. Here’s how the esteemed board reasoned their decision on interest rates.

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Women are the primary borrower on 32% of Millennial mortgages

In many Millennial mortgage loans where women are the primary buyer, they are single, while the same does not hold true for men. Also, more Millennials obtain FHA loans compared to the total population.

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BB&T names 3 new executive team members

BB&T promoted three executives, Jim Godwin, Brant Standridge and Dontá Wilson. Together they hold nearly 60 years of banking experience. The company CEO says they are “excellent” additions to the executive management team.

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U.S. Treasury yields fall to lowest level ever

The yield on the benchmark 10-year U.S. Treasury note fell to its lowest level ever Tuesday, signaling that this extremely low interest rate environment isn’t going anywhere quickly. Mortgage applications already surged on Wednesday, and that didn’t even include this new record low in yields.

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Foreign real estate investment in U.S. declined in the last year

Despite all the media attention focused on Hispanic immigrants, the fastest-growing group of immigrants is actually Asians and, more specifically, Indians. Indians as well as Chinese-Americans are also more likely to own than rent.

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The Brexit impact is real: Refis jump to 18-month high

Brexit’s impact on mortgage applications is here, and it looks like borrowers cashed in on the ultra-low interest rates. Last week’s applications didn’t show any signs of Brexit given the delay in impact from U.S. Treasury yields effect on interest rates. That all changed with the latest round of apps news.

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Freddie Mac sells $43.7 million in non-performing loans to non-profit

As part of its ongoing efforts to sell off some of the deeply delinquent mortgages held in its portfolio, Freddie Mac announced recently that it plans to sell nearly $44 million in non-performing loans to a non-profit buyer. Here are all the details.

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