HousingWire reveals the 50 fastest-growing companies in housing economy

HousingWire reveals the 50 fastest-growing companies in housing economy

Inaugural 2014 HW Fast50 ranks public, private companies on revenue growth

Chinese investors remain an X Factor for the US housing market

So what does this mean for homeowners and buyers?

Judge throws out Fannie and Freddie investors’ lawsuit

Decision favors Federal government
W S

News

Foreclosure inventory down 32.8% from August 2013

CoreLogic: 45,000 foreclosures in August
Trey Garrison
There were 45,000 completed foreclosures nationally, down from 58,000 in August 2013, a year-over-year decrease of 22.2%, according to the latest data from CoreLogic.
Read More

Planned job cuts in September at lowest level since 2000

Entertainment, hospitality industry cuts weigh
Trey Garrison
Challenger Gray and Christmas' count of layoff announcement totals 30,477 in September which is the lowest since all the way back in June 2000.
Read More

Talking tech with Donald Trump Jr.

Pavaso CEO Mark McElroy discusses TILA-RESPA compliant solution
Matt Corcoran

The show is 21st Century Television, with guest host Donald Trump Jr. interviewing Mark about the TILA-RESPA ruling, and how technology available today can not only help the industry comply, but thrive, with a whole new world of possibilities in a digital marketplace. 


Read More

Lone Star invests $1 billion in high-risk Caliber loans

New loans will target Alt-A and "high quality" subprime borrowers
Ben Lane
According to a report from Bloomberg Businessweek, after about $200 million worth of loans have been made, the debt will be packaged into bonds and sold, with the new fund, Lone Star Residential Mortgage Fund I, retaining the riskiest pieces, according to the materials. The company expects to provide investors gross returns of 15% after three years.
Read More

$8.5B BAC settlement one step closer to resolution

Key opponent drops objection suit
Brena Swanson
Bank of America’s $8.5 billion settlement with investors in mortgage-backed securities is another step closer to receiving final court approval, with one key opponent dropping its objections.
Read More

Ellie Mae completes acquisition of AllRegs

$30 million deal previously announced in August
Ben Lane
“At a time when compliance has become mission critical for mortgage lenders, the acquisition positions Ellie Mae as the leading source of mortgage management technology, investor guidelines, compliance resources and education to help lenders achieve compliance, loan quality and efficiency,” Ellie Mae said in a release announcing the completion of the deal.
Read More

HUD watchdog accuses EverBank of violating FHA short sale policies

Recommends bank should repay $1.57 million to HUD
Ben Lane
According to the report from the HUD-OIG, EverBank improperly determined whether borrowers were eligible to participate in the FHA’s preforeclosure sale program and as a result of those failings, the FHA insurance fund paid approximately $1.57 million in improper claims.
Read More

Kain: Big opportunity in mortgages lies ahead

Best still ahead, Kain tells clients at MREIT presentation
Trey Garrison
The bulk of the potential benefits from the post-housing crisis structural changes to the mortgage market haven’t been realized yet, American Capital Agency and American Capital Mortgage CIO Gary Kain said in the firm’s Mortgage REIT day presentation.
Read More

Crye-Leike expresses condolences in loss of Realtor Beverly Carter

Fund established for grandchildren of Arkansas Realtor
Trey Garrison
The company for which the late Beverly Carter worked has posted on their Facebook page an open letter to those who knew and loved Carter, and to those real estate agents and volunteers who joined in the four-day search that ended Tuesday.
Read More

Investors Unite: We have not yet begun Fannie, Freddie fight

Appeals, other suits in play despite Lamberth ruling
Trey Garrison
The judicial dismissal of a lawsuit brought in District Court by Perry Capital and Fairholme Funds is definitely a setback, but the shareholders fighting against the federal government’s sweep of profits from the GSEs say they are down, but not out by a long shot.
Read More