Ocwen Chairman Erbey resigns as company admits misconduct

Ocwen Chairman Erbey resigns as company admits misconduct

Company to pay $150 million to homeowners

Surge in healthcare spending drives up 3Q GDP to 5%

Unbelievable rise compares to 3Q2003

Texas Realtor celebrates the murder of two NYPD officers

Doubles down on claims the day after and refuses to apologize
W S

News

RealtyTrac: Buying more affordable than renting most everywhere

Well, everywhere but where millennials are moving most
Trey Garrison
Renting is more expensive than buying in most markets, except, notably, where millennials are moving most. Here's the rundown.
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Fed announces exemption adjustment for smaller loans

New exemption level starts Jan. 1
Trey Garrison
The Federal Reserve released its revised exemption level clearing smaller loans from the appraisal requirement of larger mortgage loans. Here are the details.
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Consumer sentiment rises strongly from November

Confidence grew stronger as weeks passed
Trey Garrison
Consumer sentiment picked up in December, after a disappointing November. Here's how it broke out.
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Mortgage applications tick up 0.9%

Refinancing share increases
Trey Garrison
Mortgage applications finally saw a trend reversal, ticking up slightly for the week ending Dec. 19 after several weeks of consistent declines.
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Ocwen CEO unveils company’s new direction

Plans to exit agency servicing; increase mortgage originations
Ben Lane
Now that the dust is beginning to settle on the $150 million settlement between Ocwen Financial and the New York Department of Financial Services, the company has unveiled its plans for the future. William Erbey’s departure isn’t the only big change for the nonbank.
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MERS wins in class-action suit from Minnesota counties

Court of Appeals upholds lower court’s ruling on bypassing recording fees
Ben Lane

MERSCORP has won another legal battle, but this time the challenge wasn’t over MERS’ authority to assign the mortgage. In this case, 87 Minnesota counties claimed that MERS' mortgage assignments were depriving the counties of income from recording fees.


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Texas Realtor celebrates the murder of two NYPD officers

Doubles down on claims the day after and refuses to apologize
Trey Garrison
A Realtor from Texas let the world know he was all good with the execution-style slaying of two New York police officers. Find out how the world is letting him know what they think.
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FHFA approves Federal Home Loan Bank merger

FHLB Des Moines, FHLB Seattle one step closer to merging
Ben Lane
The merger of the Federal Home Loan Bank of Des Moines and the Federal Home Loan Bank of Seattle is now one step closer to becoming a reality, as the Federal Housing Finance Agency has approved the merger. Next up is a vote by each bank's members.
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Realtor.com’s 10 most popular neighborhoods in 2014

Want to know where buyers are looking?
Trey Garrison
What neighborhoods drew the most interest and why. Realtor.com knows, and now so do you.
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Realtor.com: Jobs, low interest and tight inventory set stage for 2015 growth

Online listing giant chief economist sees positive fundamentals
Trey Garrison
The past is prologue, they say, and Realtor.com's chief economist Jonathan Smoke looks back at 2014 trends, and what will shape 2015.
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