Activist investors critique Zillow, Trulia deal

Activist investors critique Zillow, Trulia deal

Valuations skyrocket while earnings expectations have fallen

CoreLogic: Foreclosure inventory tumbles 35%

But don't celebrate just yet

4 factors weighing down housing in the second half of 2014

Will housing collapse?
W S

Servicing

It’s time to set aside agendas, and talk housing’s future

There’s a new industry event out there – and the best part is it’s not an industry event
July 30, 2014
In case you missed it earlier, HousingWire is offering our support to the Bipartisan Policy Center’s 2014 Housing Summit this September 15-16 in Washington, DC. We’re honored to play a role. But it’s why we’re supporting the event – and why you should, too – that maybe needs a little more explaining.
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Fitch: Statebridge assigned "outlook stable" rating

Rating based on evidenced servicing capabilities
July 30, 2014
"Statebridge has an experienced senior management team, developed recruiting, staffing, and retention programs, and developed loan and default administration capabilities," Fitch Ratings said.
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$22B in government mortgage relief still left for struggling homeowners

HAMP defaults still running high
July 30, 2014
The Treasury still has plenty of money left to help struggling homeowners, with nearly $22 billion of untapped funding available for the Treasury’s Making Home Affordable program.
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1 in 3 Americans being chased by debt collectors

July 29, 2014
A new report form the Urban Institute shows how weak the U.S. economy is, and offers at least one reason for the housing doldrums — one in three Americans is so far behind in paying their bills that they are in collections.
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HomeStreet sells MSRs, mortgages

Reduces mortgage concentration
July 29, 2014
HomeStreet sold $211 million of its held-for investment single-family mortgages in the second quarter, recognizing a $3.9 million gain.
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U.S. REO Partners names Mary Brill managing partner

Joins after 16 years at JPMorgan Chase
July 29, 2014
Brill joins USREOP from JPMorgan Chase, which she had been with since 1998. During her time at JPMorgan Chase, she held several positions, including REO manager, assistant vice president and senior operations analyst.
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Here’s why the FHFA is not a fan of principal reduction

Who's going to pay for that?
July 25, 2014
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?
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Cyprexx: Discrimination charges “frivolous”

Fannie Mae contractor responds to charges from National Fair Housing Alliance
July 24, 2014
"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 its charges."
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Florida AG joins CFPB, FTC enforcement sweep

Announces four actions
July 24, 2014
Florida Attorney General Pam Bondi added her name to the list of states that filed a joint federal-state enforcement sweep targeting foreclosure scam operations, announcing four additional actions.
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1 in 6 homes still seriously underwater as home price growth slows

Down 26% from 2013, but decline slowed with slowing price gains
July 24, 2014
Some 9.1 million U.S. residential properties were seriously underwater in the second quarter, representing 17% of all properties with a mortgage, RealtyTrac reports.
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