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    Early in 2015, a group of mortgage bond investors that reportedly included BlackRock, MetLife, and Pimco accused Ocwen Financial of violating its duties as a mortgage servicer by failing to properly collect payments on $82 billion of home loans thereby costing the investors $26 billion. Now, after a yearlong independent investigation found no evidence of the litany of allegations made by the investors, Ocwen is off the hook. Click the headline for the whole story.

Real Estate The Ticker

LPS report reveals home price increase

Lender Processing Services (LPS) released its September Home Price Index report Monday, revealing a year-over-year increase of 3.6% since last September. Since the beginning of the year, the HPI rose 4.9%. See below for graph comparing HPI from 2005 to 2012.

Among the largest states in the U.S., California and New York led with a 0.4% month-over-month increase. In terms of metros, Washington D.C. came out on top with a 0.6% increase from August.

The largest month-over-month increase in HPI was in Arizona, Washington D.C., Georgia, Delaware and Maryland. Arizona holds the largest year-to-date increase in HPI, rising 14.4% since Jan. 1, 2012. The biggest decrease was seen in Rhode Island, Vermont, Illinois, Connecticut and Massachusetts.

Case-Shiller will release its September HPI report Tuesday. Stay tuned for HousingWire’s comparison of the two HPI reports. 

mhopkins@housingwire.com

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