Posts Tagged ‘mortgage market’


Mortgage Lending: A New Direction for 2014?

After nearly five years of ups nd downs following the massive housing collapse of 2008, the mortgage industry may be facing a watershed year in 2014 – and the shift from refinancing to purchases could mean good news for the economy as a whole. According to a new report from HousingWire, real estate industry professionals […]

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AMA

When Banks Say No, Private Loans Open Doors

By some key benchmarks, this is a good time to borrow money. Interest rates are staying relatively low and more consumer protections are in place to help borrowers avoid becoming victims of bad baking practices. But in spite of – and in part because of – those conditions, loans are harder to get. And that […]

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AMA

Mortgage Lenders Send Mixed Messages

It’s been five years since the housing crash of 2008 and the subsequent unfolding of widespread malfeasance in the banking and mortgage lending industry, but the dust hasn’t settled yet. The complex interplay between bank fraud lawsuits, government-backed legislation and the self-interest of individual lending institutions means that loan applications can be accepted – or […]

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A QE Architect Tells All – And It’s Not Pretty

The Federal Reserve has spent over $4 trillion buying up mortgage-backed securities in it much-publicized Quantitative Easing plan to boost the economy. But, according to a new op-ed confessional by a former QE architect, the main beneficiaries have been the big banks of Wall Street. In a recent piece for the Wall Street Journal, former […]

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Do Bank Fraud Settlements Help Customers?

Another day, another bank fraud settlement. This time it’s Bank of America again, as the US Justice Department seeks damages to the tune of nearly $864 million in an October 23, 2013 verdict involving the “Hustle” – a loan trick practiced by its subsidiary Counrywide. Banks are paying up big in these cases – but […]

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Are Vampires Draining the Housing Recovery?

Hollywood may be making headlines with tales of vampires and zombies, but these bloodsuckers and walking dead are also stalking the housing recovery. According to a new RaltyTrac report, these aptly named unsellable foreclosures are keeping bank inventories high and threatening to stall a recovery that ripples throughout the entire economy. We’ve reported here previously […]

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Fannie Mae Sues US and Foreign Banks

Bank fraud goes international once again in a new lawsuit filed by mortgage megalender Fannie Mae. Joining the long line of lawsuits filed against the nation’s major banks by the US Department of Justice and various state attorneys general, the new action by Fannie Mae targets both domestic and foreign lending institutions and exposes more […]

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Will Rising Interest Rates Slow the Economy?

To offset the risk of an economic slowdown after the government’s 16-day hiatus, the Federal Reserve has opted to stay the course on its much publicized stimulus program. But although one goal of the multibillion-dollar securities buyup was to keep interest rates low, those rates are creeping upward anyway – and, according to a new […]

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No End in Sight For Bank Settlements?

As the latest in the long line of bank fraud investigations comes to a close, JP Morgan Chase has reached a tentative settlement deal with the US Justice Department to the tune of $13 billion. Investigators aren’t finished, though; criminal charges could still be coming against the banking giant – one of several leading institutions […]

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The Debt Ceiling Debate and the Next Recession

As the government shutdown drags on and lawmakers on both sides of the aisle point fingers and lay blame, a new issue is creeping into the national consciousness: the federal debt ceiling. As both parties wrangle over whether to raise that limit, some economists and housing industry experts are warning that a decision not toe […]

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Bank Fraud Court Rules: You Are Your Profile

In social media’s infancy, an online profile was just a way of staking out a little piece of cyberspace in order to connect with other people – an address in cyberspace. But as social networking expands is reach, the line between a person’s virtual self and “real world” identity grows increasingly blurred – as demonstrated […]

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Mortgage Lending Concerns Spawn New Industries

In the wake of repeated lawsuits and the arrival of the sweeping Dodd Frank Act for consumer protection in lending, the mortgage industry is facing more scrutiny of its actions – and more accountability for the risky loans it makes. The perceived vulnerability of these large (and small) institutions has created new opportunities for software […]

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Can a Government Shutdown Shut Down the Housing Recovery?

It’s official: the government is shutting down for an unspecified period of time as lawmakers on both sides of the aisle struggle to play nice. The situation is sending ripples throughout the economy, as government-sponsored programs of all kinds come to a standstill and workers go home without pay. Not surprisingly, housing advocates and investing […]

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Who Wins With the Qualified Mortgage Rule?

It’s been said that clouds have silver linings, and that sentiment seems to hold true in the current attempts to bring accountability and quality control to the mortgage industry. Although the provisions of the new Qualified Mortgage Rule has drawn the ire of both mortgage lenders and housing advocates, recent tweaks to the rule have […]

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Low Rates and High Standards: Stalemate for Housing?

In the wake of the Federal Reserve’s new announcement that they’ll be keeping their massive securities buyup on track for now, things look rosier for global trading – and for consumer markets at home. But even as the Fed’s decision is being welcomed for its intended effects of boosting home sales, some fear that new […]

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Tax Lien Investing and the Myth of Home Equity

It’s a core piece of the conventional wisdom about home ownership: your equity is your security. But a recent Washington Pot story about the often-unscrupulous practice of tax lien investing points out that home equity it took years to build can vanish in a virtual moment – a fate not shared by mortgaged property. According […]

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Housing Lobbyists Flex Muscle in Mortgage Lending

The mortgage meltdown of a few years ago caused ripples through all areas of the economy and triggered a series of legislative and legal efforts to right the troubled, tricky boat of mortgage lending. One of those bills, the Dodd Frank Act, was an ambitions attempt to protect borrowers as well as hold lenders at […]

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The Age of Information – Or Confusion?

TMI – too much information – not only makes for awkward social moments, but when you’re immersed in the round the clock flow of constantly available information, some experts say it can also derail goals and impair decision making. For investors and anyone who relies on the many internet sources available to get information and […]

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Can the Housing Upswing Predict a Downturn?

Is the housing market glass half full – or half empty? As home prices rise and the inventory of available houses falls, many experts in and out of the industry see more encouraging signs of a long term recovery that provides a firm foundation for other areas of the economy, too. But a growing number […]

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7 Words of Wisdom For Today’s Investor

Speculation and quick money schemes promise instant riches to hungry investors. But the truth about building wealth through investing is less glamorous, though ultimately more satisfying. From Mark Twain to Warren Buffet, market watchers from vastly different perspectives have pointed out again and again that building wealth through investing is a long-term process that yields […]

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