Monday, February 29, 2016

[Thursday webinar] Closing more low down payment mortgages

Freddie Mac wants to help you close more low down payment mortgages. Go ahead, you can do it. To get started making more mortgage money, register for the webinar that will explain it all.

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loanDepot announces new partnership with Orchard Platform

Less than a year after moving beyond mortgages, loanDepot announced its partnership with Orchard Platform. The new partnership will allow loanDepot to compare its products to the marketplace lenders and the industry as a whole.

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Black Knight: Home prices close out 2015 relatively flat

As last year came to a close, home prices didn’t announce any surprise, remaining basically flat and increasing a marginal 0.1%. And while New York once again led gains among the states, another stated joined it to be one of the top states leading the way in December.

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Monday Morning Cup of Coffee: Global crisis good for mortgage lending?

Watch out, crash coming!?!? Doubt it, but food for thought nonetheless, as three articles discuss the mortgage market and pending global crises. Plus, Accenture Mortgage Cadence, the digital solutions provided to mortgage finance players, transitioned all of its clients, which is more than 600 mortgage lenders across the United States, to the Cloud.

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Former CFPB deputy director reportedly joining Capital One

Meredith Fuchs, who recently stepped down as acting deputy director of the Consumer Financial Protection Bureau, is joining Capital One as the bank’s senior vice president and chief counsel on regulatory issues, according to a report from The Hill.

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Sunday, February 28, 2016

The fuzzy math of mortgage bankers

In a recent HousingWire article published on February 22, 2016,entitled “The Math Behind the Need for GSE Reform,” Mortgage Bankers Association CEO David Stevens articulates several points relating to the conservatorships of Fannie Mae and Freddie Mac (collectively the “GSEs”) which merit close scrutiny against the facts.

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Saturday, February 27, 2016

Cash sales on homes continue to decline

While month-over-month cash sales shares increased from October to November 2015, annual shares were down. The largest percentage of cash sales were REO, and the state with the most cash sales was Michigan.

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