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Internal Audit, Jumbo, VOE Tools; Government Program News; Southeast and West Lending Trends

Internal Audit, Jumbo, VOE Tools; Government Program News; Southeast and West Lending Trends
mortgagenewsdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mortgagenewsdaily.com Daily Mail and Mail on Sunday newspapers.

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Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming.

Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming. By Bob Henderson

Lawmakers seek to slow housing price increases by driving investors out of the market. Meanwhile, Federal. ....

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VOI, Marketing, Warehouse Tools; STRATMOR Automation Survey; Bank Acquisition; Fannie Earnings

Don’t believe in climate change, rising sea levels, or cities sinking (“subsiding”)? Venice is sinking. So are Rotterdam, Bangkok, and New York (though a few spots are rising!) But no place compares to Jakarta, the fastest-sinking megacity on the planet. Over the past 25 years, the hardest-hit areas of Indonesia’s capital have subsided more than 16 feet due to illegal wells, diminishing groundwater, and a rising sea level. Many billions will be spent moving an entire city. In the United States, insurance issues have become obvious problems. Do you think you have privacy in your car? Think again, and not only that, insurance companies are using driving data to set premiums. Uh oh. In Florida, several high-rise condo projects (with units for sale) are sitting as insurance companies have dramatically hiked their hurricane coverage costs so some projects are renewing at 50-60 percent coverage only, which makes the units unable to be financed. I’m told we ....

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Borrower Outreach, Servicing Oversight Products; TPO News; Bank Merger Announced; Brokers and RESPA

“I accidentally rubbed ketchup in my eyes. Now I have Heinzsight.” In terms of foresight, looking ahead, there are some interesting things going on out there in Mortgage Land! How ‘bout the CapitalW Collective non-profit for women in mortgage capital markets? And Beeline's Miguel Vega has been in the press lately with, "The Dream of Owning a Piece of America is a Dominant Theme in the Latino Community” and the company launching a Spanish-language version of its home loan experience this week. Something else that continues to be “interesting” is the question, “Are brokers violating RESPA every day?” This question is asked because brokering is a referral of a customer to a lender, right? HUD identified fourteen services normally performed in the origination of a loan (Section II, subsection C of the link above), and brokers usually do five out of the fourteen services, including taking the application, to get around ....

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Even If the Fed Cuts, the Days of Ultralow Rates Are Over

Even If the Fed Cuts, the Days of Ultralow Rates Are Over By Hardika Singh

Amid the debate over whether and when the Federal Reserve cuts interest rates, another important argument is. ....

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