Foreclosure: The Movie… (finally!) coming to a screen near you

Foreclosure: The Movie… (finally!) coming to a screen near you

In new film, neighborhood of foreclosed homes drives man insane

Capstone demands Altisource family divorce

Calls for Altisource Residential to terminate Altisource Asset Management agreement

Morgan Stanley pays $2.6 billion in mortgage-bond settlement

Linked to subprime-era RMBS
W S

Lending

Stonegate just grew warehouse lending by 888%

No, that’s not a typo
Ben Lane
Stonegate Mortgage Corporation reported an incredible 888% year-over-year increase in its warehouse lending in the fourth quarter, rising from $47.8 million in 2013 to $472.4 million in 2014. But it still wasn't enough to help Stonegate turn a profit in 2014.
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Foreclosure: The Movie… (finally!) coming to a screen near you

In new film, neighborhood of foreclosed homes drives man insane
Ben Lane
You can say a lot of things about the foreclosure crisis, but you can’t say that moving into a neighborhood destroyed by foreclosures could drive a man insane after he falls victim to ancient curses while living a haunted house. Until now!
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Ellie Mae releases AllRegs Market Clarity 3.0

Includes new search functions and improved navigation
Brena Swanson
Ellie Mae released AllRegs Market Clarity 3.0, a new version of its business information tool, which includes a new user interface that lets users compare and contrast more than 3,000 loan products from 95 different investors.
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MetLife Home Loans to pay $123.5M in mortgage resolution

Admitted it knowingly made faulty mortgages
Brena Swanson
MetLife Home Loans agreed to pay $123.5 million, after it admitted it had been aware that a substantial percentage of loans weren’t eligible for FHA mortgage insurance due to its own internal quality-control findings.
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Hudson & Marshall and Genesis Auctions create real estate auction powerhouse

Global Property Exchange will oversee both firms
Brena Swanson
Hudson & Marshall and Genesis Auctions are joining forces to create a technology driven auction powerhouse to meet the growing needs of clients with a full suite offering of auction solutions.
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Freddie Mac: Mortgage rates increase three weeks straight

Hover around end of 2013 lows
Brena Swanson
Although mortgage rates grew for the third consecutive week, they still remain near lows experienced in late May 2013.
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Bloomberg: CFPB wrong to stop racist auto dealers

There is no unintended discrimination with car loans
Jacob Gaffney
First of all, let’s set one thing straight: discrimination is rampant in the credit markets. Period. There are heavy-handed guidelines in the mortgage lending space that deal harshly with racist housing institutions. That there is no federal proxy for auto lending is nothing short of pitiful.
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Lenda expands into Oregon

Continues its rapid growth
Brena Swanson
While Lenda has caused some stir in the industry due to its unique approach to mortgage lending, it is faring quite well in the market, which includes its latest expansion into Oregon.
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Georgia MLS to send listings directly to Zillow

Becomes latest member of Zillow Partnership Platform
Ben Lane
While the Zillow Group may be embroiled in a legal battle with Move over Move-owned ListHub’s decision to terminate its listing agreement with Trulia, that hasn’t stopped Zillow from working to reach agreements with multiple listing services to provide listing data directly to Zillow. The latest to reach such an agreement is the Georgia Multiple Listing Service.
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Clayton Holdings announces several key leadership changes

Lorenz Schwarz named EVP at Clayton
Brena Swanson
Clayton Holdings announced several leadership changes as it continues to play to its strengths and execute on its long-term vision. Most notably, Lorenz Schwarz, the president of Green River Capital, has been promoted to executive vice president of strategic initiatives and new business at Clayton.
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