(Quicken) One Reverse Moving Headquarters to Detroit - ... to downtown Detroit later this summer.  The company said 110 team members will move to the Compuware Building and share space with its sister companies, Quicken Loans Inc., Fathead and In-House Realty. - Reverse Mortgage Daily

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Here's Why New Home Sales Actually Missed Expectations - Vincent Fernando, CFA -Still, May's previously reported new home sales were revised down in this June report, to 267,000 from 300,000. Thus, the two-month run rate is actually below the consensus view.  ... - Money Game at Business Insider 
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Debating the Securitization of Mortgages - By EDWARD L. GLAESER - good debate - ... When the smoke clears, my bet is that the consensus will be that securitization did a bit to encourage lax lending and to discourage renegotiation, but that securitization was hardly the only — or even the prime — villain in the great housing convulsion. Lots of lenders, borrowers and home buyers did, or would have done, foolish things without the aid of securitization.  If we end up in that middle-of-the-road consensus, then securitization looks pretty good, because it did much to mitigate the costs of the crisis ... - NY Times Economix

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Putting The Mortgage Industry On Solid Ground - BY SHEILA C. BAIR - ... The way forward - So what should be done to put our mortgage industry on a sounder footing? I don't claim to have all the answers. But let me make three main recommendations. ... - MortgageOrb
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Putting Out Jumbo Welcome Mat - By JULIETTE FAIRLEY - Lenders of Oversize Mortgages Compete in New York Area With Easier Terms; a 10% Down Payment - WSJ Greater NY
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ResCap auction advances but hurdles remain - An auction of Ally Financial's Residential Capital has advanced into the second round, with some would-be buyers circling the assets, but a sale of the mortgage lender faces hurdles, sources familiar with the matter said. - Reuters

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FHA Mortgagee Board Report Shows Approvals Withdrawn for 900+ Lenders - by CHRISTINE RICCIARDI - HousingWire