FHFA Clarifies Rep And Warranty Framework

"We know that the [existing] Representation and Warranty Framework did not provide enough clarity to enable lenders to understand when Fannie Mae or Freddie Mac would exercise their remedy to require repurchase of a loan," said Mel Watt, director of the FHFA.

Mounting Indicators Prove Housing 'Recovery' Illusory

While there are some signs that things are improving, in reality there are mounting indicators that another housing downturn is near.

Wingspan Lays Off Employees At Two Call Centers

"It is in the nature of our work with large financial institutions to wrap up specific contracts for services and to have brief periods of time before new contracts begin," Wingspan officials said in a statement.

IDS Reports Spike In HELOC Volume In 2014

The firm is forecasting that if volumes stay at current levels, HELOC loan doc draws this year could exceed those of 2013 by nearly 65%.

CFPB Fines Flagstar Bank $37.5 Million For Mortgage Servicing Violations

In a statement, Richard Cordray, director of the CFPB, says the action taken against Flagstar "signals a new era of enforcement to protect consumers against the cost of servicer runarounds."

The Mortgage Bankers Association (MBA) says it is expecting to see $1.19 trillion in mortgage originations during 2015 - a spike of 7% from the levels of 2014. While [Read More]

BLOG VIEW: One would think that as the nation's real estate market improves from the 2008 economic meltdown, neighborhoods would be back to normal. Unfortunately, it hasn't quite worked [Read More]


From The Orb

The U.S. Department of Housing and Urban Development (HUD) has awarded $38.3 million to more than 100 fair housing organizations and other nonprofits to help fight housing discrimination. The [Read More]

BLOG VIEW: In recent years, Mortgage Electronic Registration Systems Inc., or MERS, has been the subject of an onslaught of litigation challenging the validity of the MERS system; the [Read More]

Americans ages 20 to 29 saw their student loan debt become a much larger percentage of their overall debt during the past decade - from 12.9% in 2005, to [Read More]

BLOG VIEW: When trying to sift through the smoke and mirrors, spin and so forth as to whether we are headed for another housing downturn, you might want to [Read More]

After declining the previous two months, consumer attitudes toward the housing market returned to "modestly positive" in September, according to Fannie Mae's National Housing Survey, which polls about 1,000 [Read More]

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