Morgan Stanley passes $300 million in consumer relief in mortgage bond settlement

Morgan Stanley handed out nearly $200 million in consumer relief over the last few months, pushing the company past the 75% mark in its $400 million consumer relief obligation that is part of the $3.2 billion mortgage bond settlement it reached last year.
Source: HousingWire Magazine

Ballard Spahr: Here are some questions for the House to ask CFPB Director Cordray

Consumer Financial Protection Bureau Director Richard Cordray hasn’t gone on record a lot in regards to his stance on the future of the bureau, along with his own future, despite the escalating uncertainty of both. Since the House Financial Services Committee will hold its semi-annual hearing on the CFPB on April 5, Ballard Spahr came up with a list of questions that it thinks would be appropriate for committee members to ask Cordray.
Source: HousingWire Magazine

Realtors name February’s fastest housing markets

As the market gears up for what many economists are predicting will be one of the strongest spring home-buying seasons in recent memory, the National Association of Realtors created an infographic that shows the top five fastest markets in February. Spoiler alert: the fastest market saw homes sold in an average of just 23 days.
Source: HousingWire Magazine

So you've heard about blockchain, but what is it?

Fintech is abuzz about blockchain, but what is it exactly? Factom CEO and co-founder Peter Kirby explains the intricacies of blockchain, along with how it applies to the mortgage industry. This is especially important since its design should help streamline the mortgage process.
Source: HousingWire Magazine

Why is Your Inspection Contract Important?

You should be using contracts that are specific to your state and specific to their regulations.

The post Why is Your Inspection Contract Important? first appeared at Working RE Magazine.

Source: Working RE Magazine

Consumer optimism surges due to lowered standards

Consumers grew even more optimistic despite the increasing partisan divide. However, this growing optimism could be due, in part, to a change in evaluative criteria. As for the partisan divide, economists continue to predict it will soften in the months to come.
Source: HousingWire Magazine

Democrats rally together to support CFPB in case against PHH

Congressional Democrats filed an amicus brief on Friday with the D.C. Circuit Court of Appeals in support of the bureau’s independent structure and constitutionality. “In creating the Bureau, lawmakers determined that it needed two key attributes to fulfill its mission: independence, and the ability to act promptly and decisively in response to new threats to consumers,” the lawmakers wrote.
Source: HousingWire Magazine

An inside look at Ben Carson’s listening tour

HUD Secretary Ben Carson’s latest stop on his listening tour landed right in HousingWire’s own backyard – Dallas, Texas. While Thursday’s focus was more on Carson’s speech to the community, the secretary said very little on Friday. Instead, he listened to community organizations on the programs they implemented. Here is an inside look at what happened during the tour.
Source: HousingWire Magazine

Redfin: Low down payments still work in today’s competitive market

Despite the current lack of inventory in the housing market, homebuyers can still successfully close on a house with a low down payment, according to a survey this month of more than 800 Redfin real estate agents. It’s important to note given the growing prominence of low down payment mortgage options.
Source: HousingWire Magazine

Caliber Home Loans finalizes acquisition of Banc Home Loans

Caliber Home Loans’ acquisition of Banc Home Loans, the mortgage banking division of Banc of California, is now complete. Caliber, an Irving, Texas-based residential mortgage origination and servicing company, announced Friday that it finalized the purchase of Banc Home Loans. Here are some details on the deal.
Source: HousingWire Magazine