Cyprexx: Discrimination charges “frivolous”

Cyprexx: Discrimination charges “frivolous”

Fannie Mae contractor responds to charges from National Fair Housing Alliance

Morgan Stanley finally pays $275 million for subprime RMBS fraud

SEC charged company with misrepresenting loans

Hey CNBC, shut up about millennials already

Your advice is patronizing, contradictory and just plain wrong
W S

Investments

RTS Pacific, Regional Trustee Services complete asset purchase agreement

New company expands Butler & Hosch brand into Seattle
July 24, 2014
Regional Trustee Services announced it completed an asset purchase agreement. Under the purchase, the complete assets including client base, open matters and employee base, are transferred from Regional Trustee Services Corporation to RTS Pacific.
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The 7 dumbest big purchases — a house isn't one of them

July 24, 2014

Typically these items are just downright absurd, yet we've convinced ourselves that they're an important, practical, or smart purchase anyway. 


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What would the Zillow-Trulia hookup mean for housing?

Listing Goliath could change the balance of power
July 24, 2014
Zillow is seeking to acquire rival Trulia in a move that would create a Goliath of online real estate listings. So how is it going to affect the industry, consumers, and even the media?
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Hey CNBC, shut up about millennials already

Your advice is patronizing, contradictory and just plain wrong
July 24, 2014
CNBC’s analysts seem to view millennials as a giant homogenous mound of humans who all think the same way, look the same way, do the same things and look at the world in the exact same way. And every day, CNBC’s analysts opine on why millennials aren’t buying homes, or buying stocks or buying whatever else it is that CNBC thinks is important that day.
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Zillow seeking to buy Trulia

Merger would create online real estate listings megalith
July 24, 2014
Zillow is seeking to acquire rival Trulia, although both companies are declining to speak about it, Bloomberg is reporting. Together the companies account for 89% of all online real estate listings.
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Morgan Stanley finally pays $275 million for subprime RMBS fraud

SEC charged company with misrepresenting loans
July 24, 2014
The SEC had charged Morgan Stanley with misrepresenting the delinquency status of mortgage loans underlying two subprime RMBSs at the height of the financial crisis. They were the last subprime RMBSs that Morgan Stanley sponsored, issued, and underwrote.
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New home sales collapse, erasing recent surge

Sales 11.5% down YOY; fall to 406,000 annual pace
July 24, 2014
Sales of new single-family houses plummeted in June to an annualized rate of 406,000, at least 20% below most analyst estimates. It was the biggest miss for new home sales in a year, and brings new home sales down to a level not see since December 2012.
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Home price increases boost PulteGroup revenue and profit in 2Q2014

New home construction orders down slightly from 2Q2013
July 24, 2014
PulteGroup posted net income was $42 million, or $0.11 per share, after pretax charges of $88 million, or $0.14 per share, for insurance reserves and office relocation costs for the second quarter of 2014.
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D.R. Horton posts net income of $113.1M

Pre-tax impairment costs drive down D.R. Horton earnings
July 24, 2014
Fort Worth, Texas-based D.R. Horton, the largest U.S. homebuilder, said fiscal third-quarter earnings declined as sales margin shrank and it incurred $54.7 million in pretax costs.
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CoreLogic slashes 2014 mortgage origination estimate by 10%

Still reports revenue growth of 13%
July 23, 2014
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.”
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