The Silent Crisis in Housing Finance

The Silent Crisis in Housing Finance
American Banker | September 20, 2016
Beneath this calm surface, the U.S. mortgage industry is facing a crisis. Kroll Bond Rating Agency outlined some of the issues regarding liquidity and profitability in a report last month. The basic problem, however, comes down to over-regulation.

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The Housing Market Paradox

The Housing Market Paradox
U.S. News & World Report | September 20, 2016
Historically low mortgage rates and years of near-zero interest rates should have theoretically created a perfect storm for the housing market. And while real estate in the U.S. has widely recovered from the depths of the housing crisis, it’s been decades since homeownership has been as low as it is now.

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CFPB Consumer Complaint Database About to Hit 1 Million Complaints

CFPB Consumer Complaint Database About to Hit 1 Million Complaints
HousingWire | September 20, 2016
The Consumer Financial Protection Bureau’s much-maligned consumer complaint database is about to reach 1 million total complaints, CFPB Director Richard Cordray said Tuesday.

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Freddie Mac: Mortgage Interest Rates will Hit 40-year Low in 2016

Freddie Mac: Mortgage Interest Rates will Hit 40-year Low in 2016
HousingWire | September 20, 2016
If current trends hold steady, this year could prove to be a banner year for housing, Freddie Mac said in a new report. In Freddie Mac’s new monthly outlook report, the government-sponsored enterprise states that it is currently projecting a “surge” in mortgage originations during the third quarter, further reinforcing its view that 2016 will be the “best year” for home sales since 2006.

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Mastered the CFPB’s 900-page mortgage-servicing rule yet?

Mastered the CFPB’s 900-page mortgage-servicing rule yet?

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California Home Prices at Seven-Year High

California Home Prices at Seven-Year High

California’s pricey housing market is getting more expensive, as new data from the California Association of Realtors (CAR) has recorded the statewide median home price at $526,580, its highest level in seven years.

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Mortgage Rates and Applications Up

Mortgage Rates and Applications Up

Freddie Mac pumped some good news into the Thursday data stream with its latest Primary Mortgage Market Survey (PMMS). KEEP READING …

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