Publication: Mortgage Orb

First reported 11 hours ago - Updated 8 hours ago - 1 reports

CoreLogic: U.S. Home Prices Up 1.7% In July

U.S. home prices increased 1.7% in July compared to June, including distressed sales; however, they are forecast to increase only 0.6% from July to August, indicating that home price appreciation will continue to decelerate during the third quarter, according ... [Published Mortgage Orb - 11 hours ago]
First reported 11 hours ago - Updated 11 hours ago - 1 reports

Black Knight: HELOC Reset Storm Approaching

In July, the Office of the Comptroller of the Currency (OCC) issued a report warning mortgage servicers to prepare for the resetting of millions of home equity lines of credit (HELOCs) , out of concern that a high percentage of borrowers could end up ... [Published Mortgage Orb - 11 hours ago]
First reported 11 hours ago - Updated 11 hours ago - 1 reports

Matt Clarke: 'No Second Chances In A Purchase Market'

PERSON OF THE WEEK: Matt Clarke is chief financial officer for Churchill Mortgage , a regional mortgage lender based in Brentwood, Tenn. MortgageOrb recently interviewed Clarke to get his views on where the mortgage industry is currently headed and how ... [Published Mortgage Orb - 11 hours ago]
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

Fannie Mae Plans To Move Out Of Its Headquarters

In an effort to consolidate, government-sponsored enterprise Fannie Mae is reportedly moving from its Washington, D.C., headquarters it purchased nearly 40 years ago.According to the Wall Street Journal , Fannie Mae will be selling the 3900 Wisconsin ... [Published Mortgage Orb - Aug 29 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

CFPB Names New Senior Leaders, Advisory Board And Council Members

The Consumer Financial Protection Bureau (CFPB) has appointed several new leaders within the bureau, as well as new consumer finance experts from outside the federal government to the CFPB's Consumer Advisory Board, Community Bank Advisory Council and ... [Published Mortgage Orb - Aug 29 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

HARP's Image Problem

BLOG VIEW: I couldn't help but chuckle when I watched a video of Mel Watt, director of the Federal Housing Finance Agency (FHFA), saying in a speech this week that the Home Affordable Refinance Program (HARP) "is not a scam."Watt's remarks came during ... [Published Mortgage Orb - Aug 29 2014]
First reported Aug 28 2014 - Updated Aug 29 2014 - 1 reports

Freddie Mac: Mortgage Rates Basically Flat Heading Into Labor Day

Mortgage rates were largely unchanged during the week ending Aug. 28, Freddie Mac reports.According to the firm's Primary Mortgage Market Survey , the average rate for a 30-year fixed-rate mortgage (FRM) was 4.10%, unchanged from the previous week. A ... [Published Mortgage Orb - Aug 28 2014]
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

DebtX: CMBS Loan Prices Dipped Slightly In July

DebtX , which provides third-party loan valuation services for both public and private clients, reports that prices of loans underlying the commercial mortgage-backed securities (CMBS) universe retreated slightly in July."CMBS prices in July gave up their ... [Published Mortgage Orb - Aug 29 2014]
First reported Aug 28 2014 - Updated Aug 29 2014 - 1 reports

NAR: Pending Homes Sales Up 3.3% In July

Pending home sales increased 3.3% in July compared to June, but were still 2.1% below July 2013, the National Association of Realtors (NAR) reports .Pending home sales have been on the rise since April – however, they declined 1.1% in June compared to ... [Published Mortgage Orb - Aug 28 2014]
First reported Aug 27 2014 - Updated Aug 28 2014 - 1 reports

CoreLogic: Completed Foreclosures Fell 8.5% In July

About 45,000 foreclosures were completed across the U.S. in July - down 8.5% from about 49,000 in June and down 21.2% compared to the approximately 57,000 completed in July 2013, according to CoreLogic.About 640,000 homes were in some stage of foreclosure, ... [Published Mortgage Orb - Aug 27 2014]
First reported Aug 27 2014 - Updated Aug 27 2014 - 1 reports

MBA: Mortgage Application Volume Up 2.8%

Mortgage applications increased 2.8%, on an adjusted basis, during the week ending Aug. 22, compared to the previous week, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey .On an unadjusted basis, application volume ... [Published Mortgage Orb - Aug 27 2014]
First reported Aug 26 2014 - Updated Aug 27 2014 - 1 reports

Black Knight: Foreclosure Starts Up For Third Month Straight

The total U.S. foreclosure presale inventory rate fell to 1.85% of all homes with a mortgage in July - a decrease of 1.65% compared to June and a decrease of 34.44% compared to July 2013, according to Black Knight Financial Services' "First Look" rep ... [Published Mortgage Orb - Aug 26 2014]

Quotes

"Mortgage borrowers may face challenges as [HELOCS] near their end-of-draw periods," OCC officials wrote in their bulletin dated July 1. "As HELOCs transition from their draw periods to full repayment … some borrowers … may have difficulty meeting higher payments resulting from principal amortization or interest rate reset, or renewing existing loans due to changes in their financial circumstances or declines in property values."
...options and were asked to fill out paperwork with their personal information, or charged a fee for counseling," the Zillow article states. "They may also have been told that the third party would handle all interaction with the lender."
"CMBS prices in July gave up their modest gains from the prior month," says Will Mercer, managing director for DebtX, in a release. "Prices are basically flat for the summer thus far, but still up year over year."
...rates were little changed following mixed housing news," says Frank Nothaft, vice president and chief economist, Freddie Mac, in a statement. "Existing-home sales rose for the fourth consecutive month to an annualized pace of 5.15 million, the highest of the year."

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Black Knight: HELOC Reset Storm Approaching [Published Mortgage Orb - 11 hours ago]
CoreLogic: U.S. Home Prices Up 1.7% In July [Published Mortgage Orb - 11 hours ago]
Matt Clarke: 'No Second Chances In A Purchase M... [Published Mortgage Orb - 11 hours ago]
Fannie Mae Plans To Move Out Of Its Headquarters [Published Mortgage Orb - Aug 29 2014]
CFPB Names New Senior Leaders, Advisory Board A... [Published Mortgage Orb - Aug 29 2014]
HARP's Image Problem [Published Mortgage Orb - Aug 29 2014]
DebtX: CMBS Loan Prices Dipped Slightly In July [Published Mortgage Orb - Aug 29 2014]
Freddie Mac: Mortgage Rates Basically Flat Head... [Published Mortgage Orb - Aug 28 2014]
NAR: Pending Homes Sales Up 3.3% In July [Published Mortgage Orb - Aug 28 2014]
CoreLogic: Completed Foreclosures Fell 8.5% In ... [Published Mortgage Orb - Aug 27 2014]
MBA: Mortgage Application Volume Up 2.8% [Published Mortgage Orb - Aug 27 2014]
Black Knight: Foreclosure Starts Up For Third M... [Published Mortgage Orb - Aug 26 2014]
S&P/Case-Shiller: Home Price Appreciation Slows... [Published Mortgage Orb - Aug 26 2014]
RealtyTrac: Home Flipping On The Decline As Pri... [Published Mortgage Orb - Aug 25 2014]
Jeffrey Raff: New And Pending Servicing Rules R... [Published Mortgage Orb - Aug 25 2014]
Black Knight: U.S. Home Prices Rose 0.8% In June [Published Mortgage Orb - Aug 25 2014]
New Home Sales Continue Downhill Slide [Published Mortgage Orb - Aug 25 2014]
DocMagic 'Excited' To Be Participating In CFPB'... [Published Mortgage Orb - Aug 23 2014]
Freddie Mac: Interest Rates Dipped Again This Week [Published Mortgage Orb - Aug 22 2014]
HOPE NOW: Short Sales Down 60% Compared To A Ye... [Published Mortgage Orb - Aug 21 2014]
FHFA: Refinances Increased Slightly In June, Pr... [Published Mortgage Orb - Aug 21 2014]
NAR: Existing-Home Sales Increased 2.4% In July [Published Mortgage Orb - Aug 21 2014]
FHFA Seeks Feedback On Proposed Strategic Plan ... [Published Mortgage Orb - Aug 21 2014]
Ocwen Received Subpoena From SEC Concerning Its... [Published Mortgage Orb - Aug 20 2014]
Ellie Mae: Purchases Gained Greater Share Of Or... [Published Mortgage Orb - Aug 20 2014]
MBA: Application Volume Up Overall, But Purchas... [Published Mortgage Orb - Aug 20 2014]
RealtyTrac: Cash Sales Dropped To 38% Of All Ho... [Published Mortgage Orb - Aug 20 2014]
NAR: Home Price Appreciation Continued To Slow ... [Published Mortgage Orb - Aug 20 2014]
Census Bureau: Housing Starts Jumped 15.7% In July [Published Mortgage Orb - Aug 19 2014]
Kelly Booth: Lenders Doing Poor Job Of Leveragi... [Published Mortgage Orb - Aug 19 2014]
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