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DSNews.com
Ernst Publishing Company Honored with Best of Albany Award

Ernst Publishing Company, a provider of technology and closing cost data for the real estate and home finance industries, received the 2013 Best of Albany Award in the publishers category.

5/20/2013 4:54:00 PM

American Banker - Mortgages
Lenders Seek Lower Guarantee Fees in GSE Risk-Sharing Pilot

The Federal Housing Finance Agency should require the government-sponsored enterprises to purchase loans with "deeper levels of credit enhancement (via mortgage insurance, lender recourse or capital market investors) in exchange for bona fide reductions in guarantee fees and other loan level charges," the Mortgage Bankers Association said in a new white pape...

5/20/2013 4:45:00 PM

DSNews.com
MWZM Expands into Tennessee, Announces Additional Hires

Mackie Wolf Zientz & Mann, P.C. (MWZM) announced two new hires along with the expansion of its operations into Tennessee.

5/20/2013 3:36:00 PM

DSNews.com
Housing Groups Consider Impact of Immigration Reform

As Congress moves to consider immigration reform, the housing industry is also weighing in on how certain provisions will impact the market. According to the NAHREP, allowing a path for the legalization of undocumented immigrants could mean $500 billion in new real estate transactions. The NAHB also provided input on immigration reform and asked lawmakers to...

5/20/2013 2:43:00 PM

DSNews.com
Rels Title Rebranded to DataQuick Title

DataQuick announced the full integration and rebranding of Rels Title to DataQuick Title after the title company was acquired in September of last year.

5/20/2013 2:41:00 PM

DSNews.com
CRL Warns Against Consumer Mortgage Choice Act

The Center for Responsible Lending (CRL) expressed opposition toward bill H.R. 1077, known as the Consumer Mortgage Choice Act, which would exclude loan originator salaries, insurance and taxes held in escrow, and loan level pricing adjustments by government agencies or GSEs when computing points and fees. In a letter to Congress, CRL argues that H.R. 1077 "...

5/20/2013 1:53:00 PM

American Banker - Mortgages
Citi Replaces Das with Fraser in Possible Sign of Mortgage Push

CEO Michael Corbat continues to reorganize his top ranks, giving new responsibilities to private bank CEO Jane Fraser.

5/20/2013 1:52:00 PM

DSNews.com
MBA Proposes 'Up-Front Risk Sharing' Concept for Mortgage Market

The Mortgage Bankers Association (MBA) shared a proposal to bring private capital back into the mortgage market while decreasing costs for taxpayers and borrowers. In a recent paper, the MBA explained the up-front risking sharing concept, which calls for the GSEs to offer risk-sharing at the front end of transactions. The proposal also suggested Fannie Mae a...

5/20/2013 11:53:00 AM

DSNews.com
Fannie Mae: Economy Will 'Reaccelerate' in 2nd Half of 2013

Fiscal drags such as the sequester may have weakened economic momentum, but the economy should "reaccelerate" in the second half of this year as financial and housing conditions improve, according to Fannie Mae's Economic and Strategic Research Group. "Employment numbers are getting better, albeit it at a relatively slow pace, and the April employment pictu...

5/20/2013 10:35:00 AM

DSNews.com
OCC: More than 2.4M Foreclosure Review Checks Cashed

In its most recent update on the status of foreclosure review checks, the Office of the Comptroller of the Currency (OCC) announced more than 2.4 million checks valued at $2.2 billion have been cashed or deposited as of May 16. So far, Rust Consulting, the paying agent, has sent 3.9 million checks totaling $3.4 billion. About 4.2 million borrowers are eligib...

5/20/2013 9:32:00 AM

CNN Money - Real Estate
Amateur investors tap 401(k)s to buy homes

In order to get in on hot housing markets, amateur investors are buying up homes and taking risky measures -- like tapping their retirement accounts -- to fund the deals.

5/20/2013 6:09:13 AM

American Banker - Mortgages
N.Y. AG Revising Foreclosure Settlement Complaint Against B of A, Wells

New York Attorney General Eric Schneiderman is revising his allegations of foreclosure settlement violations by Wells Fargo and Bank of America, resetting the clock on his plans to sue the banks over 339 alleged servicing violations.

5/17/2013 7:59:00 PM

DSNews.com
Commentary: Real World Experiments

Economists usually do it with models, so it's rare in economics to be able to conduct a laboratory experiment. Currently, though, we're watching two experiments in different corners of the world that support the idea that stimulus works to repair a troubled economy and austerity doesn't. Japan and the Eurozone are, through their actions, demonstrating how ec...

5/17/2013 4:52:00 PM

DSNews.com
Collateral Risk Solutions Introduces Appraisal Audit Service

Collateral Risk Solutions, Inc. (CRS) has launched a new Appraisal Audit Service (AAS) to help lenders and AMCs adapt to new regulations that require them to perform post-closing appraisal audits.

5/17/2013 3:47:00 PM

CNN Money - Real Estate
Apartment construction slows sharply

A sharp pullback in apartment and condominium construction led to a big decline in overall home building in April, even as single-family home construction remained strong, according to government data released Thursday.

5/16/2013 10:44:56 AM

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