Christopher Fanta Real Estate

Morgan Stanley joins the jumbo RMBS party - Morgan Stanley is set to bring its first jumbo RMBS of the year to market soon. Morgan Stanley Residential Mortgage Loan Trust 2014-1 is supported by 291 mortgages with a total balance of approximately $256.5 million. http://ow.ly/2LoWwJ

Morgan Stanley joins the jumbo RMBS party Morgan Stanley is set to bring its first jumbo RMBS of the year to market soon. Morgan Stanley Residential Mortgage Loan Trust 2014-1 is supported by 291 mortgages with a total balance of approximately $256.5 million.

The vindication of Nationstar Mortgage - Our exclusive chat with Nationstar CEO Jay Bray follows up on his March profile in HousingWire magazine, where he explained the structure of the company and how it could reorganize to meet the challenges of the mortgage markets. The company's 2Q results prove Bray was right all along. http://ow.ly/2Ll2vC

The vindication of Nationstar Mortgage Our exclusive chat with Nationstar CEO Jay Bray follows up on his March profile in HousingWire magazine, where he explained the structure of the company and how it could reorganize to meet the challenges of the mortgage markets. The company's 2Q results prove Bray was right all along.

Here's the key to Impac's strong second quarter http://ow.ly/2Ll2vA

Here's the key to Impac's strong second quarter Impac Mortgage Holdings reported second-quarter net earnings of $82 thousand or $0.01 per diluted common share after reporting a net loss last quarter, and it was one key element that helped drive lending volume forward.

Here's evidence showing the housing “recovery” isn’t real http://ow.ly/2Lhj1q

Here's evidence showing the housing “recovery” isn’t real Many reports do not take into full consideration the differences in market conditions from one part of the country to another. The inexplicable rise in house prices in the West, for example, is not replicated in other parts of the nation.

Federal regulators order big banks to fix “living wills” http://ow.ly/2Lhj1l

Federal regulators order big banks to fix “living wills” The living wills before us fail to fully acknowledge these issues and ignores other operational issues, said Thomas Hoenig, FDIC vice chairman. They demonstrate little ability to cope adequately with failure without some form of government support. The economy would almost surely go into crisis.

Weak mortgage production drags PHH down again http://ow.ly/2LeoRN

Weak mortgage production drags PHH down again On the positive side, the $27 million loss from the mortgage production segment was an improvement from the $60 million loss suffered by the segment in the first quarter of 2014. By contrast, though, the segment pulled in a profit of $44 million in the second quarter of 2013.

Trustees to accept $4.5 billion JPMorgan settlement http://ow.ly/2L5PT2

Trustees to accept $4.5 billion JPMorgan settlement The Reuters report states that the trustees representing the defrauded investors are set to accept the settlement for a “vast majority” of the trusts that they represent. The settlement was originally agreed to in November 2013.

Two Harbors brings $268 million prime jumbo RMBS to market http://ow.ly/2L1T9C

Two Harbors brings $268 million prime jumbo RMBS to market Standards & Poors Ratings Services has awarded primarily AAA ratings to the securitization’s classes due to the high quality of the collateral, among other positive indicators.

Only “Number Jesters” report 2Q economic growth at 4% pace http://ow.ly/2KY0DH

Only “Number Jesters” report 2Q economic growth at 4% pace If an economist or economists continue to miss the mark by under-forecasting economic growth and then back-pedal by saying the revised numbers were “unexpected,” they should disqualify themselves from being called economists.

Black Knight boosts Fidelity 2Q14 earnings http://ow.ly/2KY0DE

Black Knight boosts Fidelity 2Q14 earnings We remain excited about the recurring nature of the revenue, the market positioning of our product offerings, the significant organic revenue growth opportunities and the strong EBITDA margins that Black Knight brings to FNF, said Chairman William Foley.

Altos: Critics wrong about housing, it’s going to soar http://ow.ly/2KTTUN

Ow.ly - Shorten urls, share files and track visits - Owly Ow.ly - Shorten urls, share files and track visits.

American Capital beats estimates by $0.19 - The company’s second quarter earnings were up from $0.71 in 1Q14. http://ow.ly/2KQ8vu

American Capital beats estimates by $0.19 The company’s second quarter earnings were up from $0.71 in 1Q14.

Here’s why the FHFA is not a fan of principal reduction http://ow.ly/2KIyBv

Here’s why the FHFA is not a fan of principal reduction We have another woe-is-me homeowner paraded out for emotion exploitation from pro-reduction policy wonks and if it bleeds it leads journalists. Where is the opinion of the mortgage servicer? Or the mortgage lender?

Goldman hired for Radian Asset selloff - Radian hired Goldman Sachs to evaluate interest in its financial guaranty business Radian Asset, according to Radian. The company has been in the runoff since 2008. http://ow.ly/2KIyBo

Goldman hired for Radian Asset selloff Radian hired Goldman Sachs to evaluate interest in its financial guaranty business Radian Asset, according to Radian. The company has been in the runoff since 2008.

Cyprexx: Discrimination charges “frivolous” http://ow.ly/2KFHf4

Cyprexx: Discrimination charges “frivolous” Cyprexx only learned about the allegations from the media and had to go to the NHFA’s website to obtain a copy of complaint, Cyprexx said in a statement. One cannot help questioning whether this is a part of a publicity stunt rather than a good faith effort to determine if there is any basis for ...

More proof housing is headed for a fall - With over 7 million Americans working in part-time positions rather than the full-time jobs they would prefer having, and with so many millions more dropping out of the workforce altogether, the case is made… again, that our economic outlook is not rosy as we sloth through the remainder of 2014. http://ow.ly/2KFHf5

More proof housing is headed for a fall With over 7 million Americans working in part-time positions rather than the full-time jobs they would prefer having, and with so many millions more dropping out of the workforce altogether, the case is made… again, that our economic outlook is not rosy as we sloth through the remainder of 2014.

CoreLogic slashes 2014 mortgage origination estimate by 10% http://ow.ly/2KCnf5

CoreLogic slashes 2014 mortgage origination estimate by 10% Corelogic’s second quarter revenue increased to $349.4 million, which was also up 0.4% from 2Q13. The company said that the increase was “despite an estimated 50% contraction in U.S. mortgage volumes.”

Silver Bay Realty prepping $312M rental securitization http://ow.ly/2KyiGc

Silver Bay Realty prepping $312M rental securitization Morningstar was the first of the ratings agencies to issue a presale report on the Silver Bay offering and awarded $147.75 million in AAA ratings to the class A tranche.

CNBC video: Home shortage could be due to real estate agents http://ow.ly/2KyiGe

CNBC video: Home shortage could be due to real estate agents Unsold inventory is 6.5% higher than a year ago, when there were 2.16 million existing homes available for sale. Could the hidden 'pocket listing' real estate market be to blame?

Alan Doran joins OneTitle as executive vice president http://ow.ly/2KuhOP

Alan Doran joins OneTitle as executive vice president At OneTitle, Doran will oversee all underwriting, legal, fraud prevention and regulatory affairs for OneTitle and will help drive the company’s continued expansion and success.

Avenue 365 names Linda St. Clair national account manager http://ow.ly/2KnnIu

Avenue 365 names Linda St. Clair national account manager St. Clair has also been tasked with helping Avenue 365 enter into new strategic lender relationships with a primary focus on the nation’s leading mid-tier lenders and credit unions.

Freddie Mac: Paying the mortgage isn’t enough http://ow.ly/2KnnIv

Freddie Mac: Paying the mortgage isn’t enough Freddie Mac does great blogs. They’re simple, educational and sometimes so obviously necessary you wonder why there isn’t more of this kind of thing out there.

Did Colorado foreclosure lawyers create artificial fees? http://ow.ly/2Kk5yR

Did Colorado foreclosure lawyers create artificial fees? The AG’s office said the two firms weren’t happy with flat fees they could charge to process foreclosure paper. So they allegedly came up with a plan to bilk more money out of the process.

Fannie Mae fourth risk-sharing bond prices wide http://ow.ly/2Kk5yP

Fannie Mae fourth risk-sharing bond prices wide This deal is consistent with prior transactions, and includes reference loans with original loan-to-value ratios of up to 97%, the government-sponsored enterprise said in a statement.

What’s missing in mortgage settlements? - A simple way to create greater access and transparency would be to require banks to publicly disclose data about which communities and homeowners are helped under a settlement. This transparency is important because while some of the most predatory mortgages were targeted to poorer neighborhoods and communities of color, the homeowners in these communities are now receiving less help to avoid foreclosure. http://ow.ly/2KgBYJ

What’s missing in mortgage settlements? A simple way to create greater access and transparency would be to require banks to publicly disclose data about which communities and homeowners are helped under a settlement. This transparency is important because while some of the most predatory mortgages were targeted to poorer neighborhoods ...

Zillow acquires real estate data startup Retsly http://ow.ly/2KgBYz

Zillow acquires real estate data startup Retsly “Retsly’s platform will spur tremendous innovation in the real estate space, enabling developers to build software that works across MLS boundaries and without the overhead of dealing with local data formats,” said Spencer Rascoff, Zillow CEO.

Former Treasury general counsel George Madison joins Sidley Austin http://ow.ly/2KcWwO

Former Treasury general counsel George Madison joins Sidley Austin Madison was appointed to his role at the Treasury by President Obama and confirmed unanimously by the Senate. As general counsel, Madison was the chief law officer of the Treasury and a senior policy advisor to the Secretary of the Treasury, Timothy Geithner.

BlackRock brings largest mortgage bond auction since 2010 http://ow.ly/2K9DUG

BlackRock brings largest mortgage bond auction since 2010 The sale is scheduled to take place on Tuesday and is the largest auction of its type since 2010. Dealers must bid on the entire block of bonds, either to hold on their own books or to fill client orders.

3 amazingly accurate Paul Krugman predictions from 2011 http://ow.ly/2K9DUK

3 amazingly accurate Paul Krugman predictions from 2011 In July 2011, HousingWire magazine ran a profile of Krugman on our cover. It won awards then, but even more amazing is that Krugman made several economic predictions that proved to be accurate. Here are those predictions, plus a bonus.

HEY Chicago - our skyline might be changing sooner then you think!

Here's How The New Wanda Supertall Would Change Our Skyline While the architecture buffs of Chicago anxiously await official confirmation of whether or not the recently revealed supertall (350 meter) tower funded...