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

Pending home sales surge to highest level in 18 months

Buyer demand boosts sales
W S

Investments

Fannie Mae: Strong job growth could boost economy

Hiring and wage growth will boost housing market
Trey Garrison
Despite the slate of bad news that’s started off 2015, Fannie Mae’s analysts predict that the economy is poised for a pickup in growth in 2015. Here's why.
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Capstone demands Altisource family divorce

Calls for Altisource Residential to terminate Altisource Asset Management agreement
Ben Lane
Over the last few months, Ocwen, Altisource Portfolio Solutions and Home Loan Servicing Solutions bore the brunt of the regulatory and investor scrutiny — Altisource Residential and Altisource Asset Management escaped mostly unscathed. But now, Altisource Residential is the target of an investor who’s demanding an Altisource family divorce.
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The Atlantic asks why homebuilders build homes people want

The mediocrity and mendacity of thinking you know what’s best for everyone else
Trey Garrison
Talking about homebuilding and homebuying, The Atlantic stakes this reasoned position - "The whole world won't listen to what I'm telling it to do. What's wrong with the world?"
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FHFA: House prices edge up 1.4% in December

Smaller inventories provide upward pressure
Trey Garrison
Smaller inventories helped push house prices slightly higher in December. Here's the rundown on what happened.
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Nationstar missed on 4Q14 net income of $19M

Bray: Growth prospects for Nationstar are significant
Brena Swanson
Nationstar posted fourth-quarter net income of $19 million, significantly down from $111 million in the third quarter. Despite the drop, the company believes it is well positioned for 2015 from a capital, technology and operational perspective.
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Walter Investment posts $1.5B revenue for FY2014

Decline in net servicing revenues ends with $44M net loss in 4Q14
Trey Garrison
Walter Investment ended the year with a positive revenues and profits, but fourth quarter weakness and a fourth quarter net loss on income dragged the year's performance down. Here's what happened.
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Morgan Stanley pays $2.6 billion in mortgage-bond settlement

Linked to subprime-era RMBS
Jacob Gaffney
Morgan Stanley said it reached an agreement in principle with the United States Department of Justice and the United States Attorney’s Office for the Northern District of California to pay $2.6 billion to resolve certain claims the financial enforcers intended to bring against the investment bank.
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FirstKey prepping second jumbo mortgage securitization

Features "single layer of protection" against breaches of reps and warrants
Ben Lane
After bringing its first prime jumbo mortgage securitization to market in November, FirstKey Mortgage is back with its second such offering. Its second securitization features a total principal balance of $293 million on 407 loans. The loans carry an average unpaid balance of $719,941.
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Moody’s: Home Loan Servicing Solutions sale bolsters Ocwen’s future

Is there a light at the end of the tunnel?
Ben Lane
Maybe there’s finally some good news for embattled nonbank Ocwen Financial. In a new report, analysts from Moody’s Investors Service say that the $1.3 billion acquisition of Ocwen associate Home Loan Servicing Solutions by New Residential Investment will actually help to stabilize Ocwen’s own servicing operations and improve Ocwen’s future prospects.
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Yellen: No rate hikes for a while

Market responds well to news
Brena Swanson
In her meeting with the Senate Banking Committee on Tuesday, Federal Reserve Chairwoman Janet Yellen said that it would be awhile before the central bank’s Open Market Committee makes a move on interest rates. A choice the market seems to be happy about.
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