September 14, 2015
Low Down Payment or Low Interest Rate?
MainStreet.com quoted me in Consumers Should Not Assume a Lower Down Payment Is a Better Option. It reads, in part First-time homeowners are often caught in a conundrum when they are faced with tantalizing offers of either lower mortgage rates or … Continue reading
September 14, 2015 in mortgage | Permalink | No Comments
Monday’s Adjudication Roundup
Bank of America, Wells Fargo & Citigroup cannot escape the City of Miami’s discriminatory lending suit, which caused a loss in city tax revenue. Texas federal judge sanctions the US Environmental Protection Agency for failure to turn over documents that … Continue reading
September 14, 2015 in mortgage | Permalink | No Comments
September 11, 2015
Friday’s Government Reports Roundup
The FHFA releases it 2015-2017 Housing Goals for Fannie Mae & Freddie Mac. The US Department of Agriculture released its 20th Annual Food Security Report. The reports shows that 1 in 7 people live in food insecure households, but there … Continue reading
September 11, 2015 in mortgage | Permalink | No Comments
September 9, 2015
Wednesday’s Academic Roundup
The Effect of Negative Equity on Mortgage Default: Evidence from HAMP PRA, Therese C. Scharlemann & Stephen H. Shore, Office of Financial Research Working Paper No. 15-06. Housing Tax Reform and Foreclosure Rates, Richard Dusansky & Firas Zebian, Journal of … Continue reading
September 9, 2015 in mortgage | Permalink | No Comments
September 2, 2015
Expanding the Credit Box
DBRS has posted U.S. Residential Mortgage Servicing Mid-Year Review and 2015 Outlook. There is a lot of interest in it, including a table that demonstrates how “the underwriting box for prime mortgages slowly keeps getting wider.” (7) The report notes that While most lenders continue … Continue reading
September 2, 2015 in mortgage | Permalink | No Comments
Wednesday’s Academic Roundup
On the Cyclicity of Regional House Prices: New Evidence for U.S. Metropolitan Statistical Areas, Michael André Flor & Torben Klarl, CESifo Working Paper Series No. 5471. How Mortgage Finance Affects the Urban Landscape, Sewin Chan, Andrew Haughwout & Joseph S. … Continue reading
September 2, 2015 in mortgage | Permalink | No Comments
August 31, 2015
Monday’s Adjudication Roundup
Thornburg Mortgage Inc. Ch. 11 trustee wins $45 million against RBC Capital Markets LLC for seizing and miscalculating the value of some mortgage-backed securities from Thornburg in 2007. Fidelity National Title Insurance Co. will not be liable for $38 million … Continue reading
August 31, 2015 in mortgage | Permalink | No Comments
