This is what justifies Texas economic pride

This is what justifies Texas economic pride

Happy Independence Day, Texas

Morgan Stanley expects mortgage bond lawsuit from New York AG

Subprime securitizations at the center of lawsuit

Things at Ocwen just went from bad to much, much worse

Embattled company hit with an avalanche of bad news
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News

Sterne Agee lowers and suspends estimates on Ocwen’s debt refi

Analysts unsure what new Ocwen will look like going forward
Trey Garrison
Ocwen isn't going away but it is undergoing a transformation. Here's what analysts think now and why they don't know what to think going forward.
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CoreLogic: Home prices gain nearly 6%

Projects home prices to rise 4.9% in January 2016
Trey Garrison
CoreLogic's home price index says that January saw home price increases of 5.7% from last year. Here's how it breaks down.
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Ocwen troubles aren’t over yet

Preparing to book $370-$420 million goodwill charge off
Ben Lane
When Ocwen Financial does finally report its yearly financial data, there will be several more negative items in the ledger, and the company is attempting to preemptively alleviate investor concerns by getting out in front of the news. In a press release Monday, the company said that it is expecting its fourth quarter and year-end results to be affected by a $370-$420 million non-cash charge to write-off goodwill.
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Realtor's client murdered during home showing

Gunman walks into home during showing
Brena Swanson
A gunman walked into a home and opened fire while a real estate agent was showing a home to a married couple, killing the husband. This tragic event is not the first attack on real estate agents but continues to remind agents that they must take care and precautions to protect themselves.
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Altisource Portfolio Solutions reports 2014 net income of $134.5 million

Ocwen’s troubles force cutbacks, including layoffs
Ben Lane
Despite its business taking a hit due to Ocwen Financial’s regulatory troubles, Altisource Portfolio Solutions still reported a 3% increase in net income in 2014, with the company’s income rising from $129.97 million in 2013 to $134.49 million in 2014.
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This is what justifies Texas economic pride

Happy Independence Day, Texas
Brena Swanson
The Lone Star state celebrated its 179th birthday Monday. And looking at the latest housing report from the Texas Association of Realtors, Texas has plenty of reason to brag.
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Kofax acquires Aia for $19.5 million

Dutch company provides customer communications management software
Ben Lane
Kofax announced the acquisition of Aia Holding BV, a customer communications management company based in The Netherlands, for $19.5 million in cash. Aia’s customer communications management software will be integrated into Kofax’s TotalAgility offering, and will continue to be offered on a stand-alone basis as well.
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Clear Capital: San Francisco facing bubble 2.0?

City by the Bay a bellwether for state, nation
Trey Garrison
San Francisco is often called the canary in the coal mine for housing, and some submarkets look a little bubbly. What does it mean? Clear Capital offers one answer.
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BBVA Compass launches zero-percent down mortgage program

HOME Program designed to boost homeownership
Ben Lane
For some prospective borrowers, saving up 3% for a down payment on a home is still a hurdle they can’t quite clear. However, a new program from BBVA Compass will allow borrowers to put down even less for a down payment.
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This Dr. Seuss-inspired home is everything you think it would be

Happy birthday Dr. Seuss!
Trey Garrison
You can see it from the road, you can see it with a toad. You can see it from a plane, you can see it is not plain. Climbing the steps will make you tire. Click here to see on HousingWire.
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