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
W S

News

This is what justifies Texas economic pride

Happy Independence Day, Texas
Brena Swanson
The Lone Star state celebrated its 179 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 standalone 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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LAPD shooting of homeless suspect highlights HUD challenge

Warning: Graphic video
Trey Garrison
The shooting Sunday of a homeless suspect by Los Angeles police officers brought to the forefront again the problem of homelessness and violence, and reiterates why the administration is pushing so hard to reduce the problem.
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FHFA revamps nonperforming mortgage servicing rules for Fannie and Freddie

Reduces taxpayer risks
Brena Swanson
Freddie Mac sold severely delinquent loans through two transactions in the past six months, totaling approximately $1 billion in unpaid principal balance. From this pilot program, the Federal Housing Finance Agency formed these enhanced requirements for sales of nonperforming loans by Freddie Mac and Fannie Mae.
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Morgan Stanley expects mortgage bond lawsuit from New York AG

Subprime securitizations at the center of lawsuit
Ben Lane
It turns out that Morgan Stanley is not out of the woods when it comes to trouble with regulators. Far from it, in fact. The company disclosed that it is expecting to be the subject of a lawsuit filed by New York Attorney General Eric Schneiderman over approximately 30 subprime securitizations sponsored by the company.
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Patrick Harker appointed next Philadelphia Fed president, CEO

11th president of the bank
Brena Swanson
The board of directors of the Federal Reserve Bank of Philadelphia appointed Patrick Harker as its 11th president and CEO of the Philadelphia Fed, succeeding Charles Plosser, who retired effective March 1, 2015.
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Construction spending slows in January

Residential, private construction both slip at start of 2015
Trey Garrison
Construction spending slowed down in January, and it wasn't just the weather at work. Here's what happened.
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