The 15 hottest markets for homebuyers and sellers this spring

Changes in FHA multifamily lending requirements squeeze lenders, owners

Pressure trickles down into rent increases in affordable units

It’s official: The first quarter saw a refinance mini-boom

Low interest rates drove first-quarter increase
W S

Investments

Ellie Mae explodes; stock closes at record high

It’s a good time to be an Ellie Mae shareholder
Ben Lane
After turning in another stellar quarter that saw the company’s first-quarter revenue rise 68% over 2014, Ellie Mae rode a wave of positivity to new heights on Friday, closing at a record high. So why is everyone crazy about Ellie Mae?
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What’s the future of Ocwen?

Analysts weigh in on what’s next for the nonbank
Ben Lane
Now that the dust is beginning to settle after Ocwen Financial reported its first-quarter results, industry observers are beginning to question what’s next for the nonbank. Despite the company being back in the black, analysts hold diametrically opposed views of Ocwen’s future.
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From HW Magazine

Is the threat of subprime bond lawsuits fading?

Investors may finally get paid
Amy Macintosh
A new target for investors looking to recover RMBS will be the trustees. In addition to the on-going global settlement cases, new lawsuits were issued last year between investors and trustees. This new type of litigation was initiated for investors to recover their losses on RMBS by accusing trustees of negligence and breach of contract.
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Leaked Treasury memo on Fannie, Freddie fuels fire for sweep critics

Why wasn’t key document turned over in federal lawsuit?
Trey Garrison
A 2011 Treasury memo has just emerged that wasn't included in the documents Treasury was supposed to turn over in a Fannie, Freddie shareholder lawsuit, and which critics say is damning evidence of intentional and knowing violation of the HERA statute. Was it, and what does it mean going forward for GSE reform?
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In defense of Ocwen: Servicer’s track record deserves a second look

Even deep in the weeds there is a path
Trey Garrison
When you have a coalition of housing advocates, investors and investment managers singing your praises about how you act as a servicer, there's got to be a silver lining to the clouds. At least, that's probably what Ocwen is thinking right now.
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U.S. economic growth just about grinds to halt

Exports drop off hobbles 1Q GDP
Trey Garrison
Economic growth in the United States is grinding to a near halt, with the first-quarter GDP estimate coming in at just 0.2%. What boosted it? Spending on heating oil and mandatory healthcare spending. It’s not looking good.
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Freddie Mac selling $233 million pool of Ocwen-serviced loans

Non-performing loans are “deeply delinquent”
Ben Lane
Freddie Mac announced Tuesday that it is preparing to auction off a $233 million pool of non-performing loans, which are serviced by Ocwen Financial, which said in December that it plans to exit agency servicing entirely. Is Freddie Mac done with Ocwen too?
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Fitch: Even in new forms, GSE risk-sharing bonds remain strong

Risk-sharing deals feature clean performance, limited repurchases
Ben Lane
As Fannie Mae and Freddie Mac continue in one of their stated missions — reducing taxpayer risk through the offering of credit risk-sharing deals — the performance of the risk-sharing mortgage bonds remains strong, Fitch Ratings said in a new report.
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Walker & Dunlop close $152M loan portfolio

Eight property, three-state deal done in 48 days
Trey Garrison
Walker & Dunlop has closed a $152,944,000, eight-property loan portfolio with a long-time repeat borrower based in Arizona. Here’s what they accomplished.
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Is Ellie Mae headed for another record year?

Stock up 46% in 2015; predicted to continue rising
Ben Lane
It’s all coming up roses for mortgage software solution provider Ellie Mae right now, and the good times don’t appear to be ending any time soon, according to a new report from RBC Capital Markets.
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