There is a lot of debate surrounding the future or lack thereof of Fannie Mae and Freddie Mac, with opinions coming from the White House, Congress, trade groups, just to name a few. But predicting the future of the GSEs just got a little harder. Plus, is it time to buy the country’s biggest banks? All that, and more, in your Monday Morning Cup of Coffee.
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MERSCORP Holdings announced Friday that it secured another victory in a state’s highest court, as the New Hampshire Supreme Court upheld MERS’ mortgage assignment rights.
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After much anticipation, Tesla’s first crop of energy storage batteries are finally on the market. For now, Tesla is only bringing the Powerwall to Australia since the country is a priority market due to its high number of solar energy users.
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In another sign that the relationship between Ocwen Financial and its affiliated companies, Altisource Portfolio Solutions, Altisource Residential Corporation, Altisource Asset Management Corporation, and Home Loan Servicing Solutions, will always be complicated, Altisource Residential and Altisource Asset Management announced Friday that Michael Lubin is joining both companies. Lubin joins the Altisource companies from Home Loan Servicing Solutions.
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A side effect of digital mortgages as they gain prominence is the slow extinction of brick-and-mortar lending branches. However, it’s not all doom and gloom for branches. In order to still survive, this is what retail lenders need to do.
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Recently, HousingWire revealed the details on Mr. Cooper, the new brand that Nationstar will be likely launching soon as part of a rebranding effort. And now, even though the new brand remains officially unconfirmed, it appears that the general public can buy their own Mr. Cooper-branded swag, thanks to an online store that appeared this week.
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The age old question teenagers, college graduates and even professionals ask, “Which is better, investing in a 401K or investing in a house?”
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