Ocwen Chairman Erbey resigns as company admits misconduct

Ocwen Chairman Erbey resigns as company admits misconduct

Company to pay $150 million to homeowners

Existing home sales collapse 6.1% in November

Tumble comes amid record low declining rates, prices

Monday Morning Cup of Coffee: Oil’s crash will impact MBS market

Mortgage fraud is still a problem, plus the gift of housing metrics
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Investments

What the Ocwen agreement means for Ocwen and beyond

Q&A with KBRA’s Christopher Whalen
Trey Garrison
The announcement that Ocwen Financial is admitting to wrongdoing and paying $150 million rocked the mortgage finance and servicing space. KBRA's Chris Whalen weighs in on what it means going forward for Ocwen and the mortgage industry.
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Single-family housing in Texas to regain momentum

Dallas Fed: Multifamily construction will moderate
Trey Garrison
The Texas housing market saw a loss of momentum in single-family housing, while multifamily ran strong. Here's why 2015 may reverse those two dynamics.
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Capital Economics: Don’t panic about November home sales

Analyst says existing home sales will rebound, but others differ
Trey Garrison
Economists differ on what November's existing home sales plunge means. One says don't panic, another says it's part of a larger underlying weakness.
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DBRS acquired by The Carlyle Group and Warburg Pincus

Ratings agency plans growth in U.S.
Ben Lane
Investors including The Carlyle Group and Warburg Pincus have acquired DBRS, the fourth-largest global credit rating agency. DBRS said that the acquisition should fuel growth in the U.S.
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Existing home sales collapse 6.1% in November

Tumble comes amid record low declining rates, prices
Trey Garrison
In the biggest drop since July 2010, existing home sales collapsed in November, despite record low rates and falling median home prices. What's happening? NAR says buyer uncertainty, but that doesn't seem likely.
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Ocwen Chairman Erbey resigns as company admits misconduct

Company to pay $150 million to homeowners
Trey Garrison
Today the chickens have come home to roost for Ocwen Financial. Executive Chairman William Erbey is resigning, and the company will pay $150 million to homeowners. Here's what it means for investors and the industry.
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Monday Morning Cup of Coffee: Oil’s crash will impact MBS market

Mortgage fraud is still a problem, plus the gift of housing metrics
Trey Garrison
Oil's dramatic drop is going to have a big impact on agency and non-agency MBS. Here's what it means. Plus, it's a surprisingly busy week for housing metrics. We have the details.
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America’s housing market value soars to $27.5 trillion

Houston ranks first in home price appreciation
Brena Swanson
America’s housing market value has drastically increased over the past year. As Zillow notes in the article, this goes to show just how important the housing market is.
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Freddie Mac offloads $155 million of credit risk to insurers

Fourth ACIS transaction brings total credit risk offload to $205 billion
Ben Lane
As part of its continuing effort to limit the American taxpayers’ liability, Freddie Mac obtained a number of insurance polices designed to cover potential losses on a $155 million pool of single-family loans.
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Mortgage bond spreads tighten to lowest level in two years

Hesitant investors to blame
Ben Lane
Hesitant investors are driving down mortgage bond yield spreads to a level not seen in more than two years. Is the rise in overall yields to blame?
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