Activist investors critique Zillow, Trulia deal

Activist investors critique Zillow, Trulia deal

Valuations skyrocket while earnings expectations have fallen

CoreLogic: Foreclosure inventory tumbles 35%

But don't celebrate just yet

4 factors weighing down housing in the second half of 2014

Will housing collapse?
W S

News

Unemployment rate rises to 6.2% as job growth misses expectations

Respectable 209K jobs does maintain replacement level
August 1, 2014
Total nonfarm payroll employment increased by 209,000 in July, well below the expected 230,000 and below June’s 298,000.
Read More

Two Harbors brings $268 million prime jumbo RMBS to market

Agate Bay Mortgage Trust 2014-1 receives AAA ratings from S&P
July 31, 2014
Standards & Poors Ratings Services has awarded primarily AAA ratings to the securitization’s classes due to the high quality of the collateral, among other positive indicators.
Read More

Trulia posts 2Q14 net loss of $2.4M on rising revenues of $64.1M

Acquisition target posts dramatic web traffic gains
July 31, 2014
Trulia reported total revenue of $64.1 million, up 116% year-over-year, with a net loss of $17.9 million, compared with a net loss of $2.4 million for the second quarter of 2013.
Read More

Ellie Mae 2Q14 earnings overcome outages

Encompass users increase 12% y/y
July 31, 2014
Ellie Mae recorded an increase in its second-quarter earnings despite additional operating expenses from its outages experienced at the end of March.
Read More

Moody’s: HFA single-family bond financing will increase

Bond financing will drive revenue growth
July 31, 2014
As housing finance agencies seek to rebuild their balance sheets amid a favorable bond market, Moody’s Investors Service expects bond financings to become a more significant part of HFAs’ mortgage funding sources, reversing the downward trend since 2011, a note to clients says.
Read More

GAO takes up investigation into discrimination at CFPB

Non-partisan investigation comes at request of House Republicans
July 31, 2014
The Government Accountability Office will look into the CFPB’s organizational culture and management practices in light of allegations that bureau managers are discriminating against employees based on race and gender and retaliating against employees who complain.
Read More

Mortgage-bond price tumbles amid increased risks

Fannie, Freddie witness significant drops
July 31, 2014
Prices of a new type of U.S. Mortgage bond are tumbling as investors discover the risks in the market from Wall Street banks, with Fannie Mae and Freddie Mac bonds witnessing some of the biggest drops.
Read More

FHLB Des Moines, FHLB Seattle in merger talks

Brings 12 FHLB down to 11
July 31, 2014
Currently, there are 12 Federal Home Loan Banks that could change soon, with a potential merger from the Federal Home Loan Bank of Des Moines and the Federal Home Loan Bank of Seattle.
Read More

Activist investors critique Zillow, Trulia deal

Valuations skyrocket while earnings expectations have fallen
July 31, 2014
While most mainstream Wall Street analysts are generally positive on the pending $3.5 billion Zillow acquisition of Trulia, skeptics of both the operational and valuation elements of the companies and the deal continue to raise questions.
Read More

Should real estate agents disclose murder?

Modern day haunted houses...
July 31, 2014
A majority of states don’t consider psychological stigmas to be material defects to a home; which means you can purchase a home that hosted a murder, suicide or another gruesome event without even knowing it.
Read More