Ocwen Chairman Erbey resigns as company admits misconduct

Ocwen Chairman Erbey resigns as company admits misconduct

Company to pay $150 million to homeowners

Existing home sales collapse 6.1% in November

Tumble comes amid record low declining rates, prices

Monday Morning Cup of Coffee: Oil’s crash will impact MBS market

Mortgage fraud is still a problem, plus the gift of housing metrics
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News

DBRS acquired by The Carlyle Group and Warburg Pincus

Ratings agency plans growth in U.S.
Ben Lane
Investors including The Carlyle Group and Warburg Pincus have acquired DBRS, the fourth-largest global credit rating agency. DBRS said that the acquisition should fuel growth in the U.S.
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Mortgage Bankers Association adds 14 new members

MBA continues its growth
Ben Lane
The Mortgage Bankers Association added 14 new members in the month of November. Here's the list of new members.
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Lack of millennial homebuyers drags on housing

Veros: Prices, credit reduce first-time homebuyers
Trey Garrison
Despite the easing of credit restrictions, millennial reticence is dragging down first-time homebuyer sales.
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Home price growth will stabilize around 4% through 2015

Capital Economics: Lower LTV will offset any drags
Trey Garrison
Despite likely coming interest rate hikes and depressed energy prices, Capital Economics expects home-price growth to stabilize around 4% in 2015. Here's why.
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Existing home sales collapse 6.1% in November

Tumble comes amid record low declining rates, prices
Trey Garrison
In the biggest drop since July 2010, existing home sales collapsed in November, despite record low rates and falling median home prices. What's happening? NAR says buyer uncertainty, but that doesn't seem likely. Here's the story.
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Ocwen Chairman Erbey resigns as company admits misconduct

Company to pay $150 million to homeowners
Trey Garrison
Today the chickens have come home to roost for Ocwen Financial. Executive Chairman William Erbey is resigning, and the company will pay $150 million to homeowners. Here's what it means for investors and the industry.
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Monday Morning Cup of Coffee: Oil’s crash will impact MBS market

Mortgage fraud is still a problem, plus the gift of housing metrics
Trey Garrison
Oil's dramatic drop is going to have a big impact on agency and non-agency MBS. Here's what it means. Plus, it's a surprisingly busy week for housing metrics. We have the details.
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America’s housing market value soars to $27.5 trillion

Houston ranks first in home price appreciation
Brena Swanson
America’s housing market value has drastically increased over the past year. As Zillow notes in the article, this goes to show just how important the housing market is.
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Minecraft creator outbids Beyoncé and Jay Z for home

Persson now owns $70M Beverly Hills megamansion
Trey Garrison
What do you do after MicroSoft buys your game for $2.5 billion? You go and snatch a mansion right out from under two musical superstars.
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Ellen DeGeneres lists two Los Angeles condos

Priced close to $16 million
Brena Swanson
On screen, Ellen DeGeneres is known for her comedic talk show. But along with her days on television, DeGeneres is known for her love of fixing up and selling houses.
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