White House pleased with HAMP, housing efforts

The March edition of the Obama Administration’s housing scorecard grades itself pretty highly despite some key indicators that should raise concern.

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Was Ellie Mae attack the work of cyberterrorists?

Right at the turn of the month, a critical time for lenders, Ellie Mae’s loan origination system stopped. But is this a small piece of a larger puzzle? The theories abound.

See Original Article At housingwire.com

Wall Street getting hungrier for private-label MBS?

Wall Street is getting hungrier for private-label mortgage-backed securities, if the Federal Reserve’s quarterly survey of senior credit officers is accurate.

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1 in 3 homes is unaffordable and a bubble is forming

More than half the homes currently on the market in seven major American metros are currently unaffordable for local residents, and one-third of homes for sale are unaffordable by historic standards.

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Top 5 states with the most and least foreclosures

There were 43,000 completed foreclosures in the United States in February 2014, down from 51,000 in February 2013, a year-over-year decrease of 15%.

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Now accepting applications for Fed Governor

After two years of service, Jeremy Stein submitted his resignation as a member of the Board of Governors of the Federal Reserve System, returning to his teaching position in Harvard University’s department of economics.

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Mortgage apps decline for third week in a row

Mortgage applications fell 1.2% from last week, according to data from the Mortgage Bankers Association’s weekly survey of mortgage applications for the week ending March 28.

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Ellie Mae targeted for malicious attack?

The Company said it took actions to isolate the suspicious activity and prevent future unwarranted access.

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$1.1 billion in Fannie Mae MSR portfolios hit market

MountainView Servicing Group is advising the sale of two mortgage-servicing right portfolios with combined unpaid principal balance of $1.1 billion.

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CFPB issues TILA-RESPA compliance guide

The Small Entity Compliance Guide will serve to help smaller lenders and other mortgage companies to understand and comply with the new mortgage disclosure rules, designed to make it easier for consumers to understand the loan documentation.

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