Zillow, Trulia shareholders green light merger

Zillow, Trulia shareholders green light merger

Overwhelming margin approve marriage of online listings giants

Fannie Mae explains 6 ways to push borrowers to refi

Time is running out

Another regulator investigates Ocwen Financial

Ocwen’s terrible, horrible, no good, very bad year just got worse
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News

Zillow, Trulia shareholders green light merger

Overwhelming margin approve marriage of online listings giants
Trey Garrison
The merger of online listings leaders Trulia and Zillow just got one step closer to completion. Here's how today's vote played out and what it means.
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Fannie Mae explains 6 ways to push borrowers to refi

Time is running out
Brena Swanson
The FHFA continues to drill into homeowners that the Home Affordable Refinance Program and the Home Affordable Modification Program are not scams. To help push borrowers along, Robert Koller, director of credit risk management with Fannie Mae, gave six quick facts that could make all the difference to getting people to refinance.
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Redfin raises $71 million for continued expansion

Latest move in battle for online real estate domination
Ben Lane
In the latest move in what has been a banner year in the battle for domination of the online real estate market, Redfin announced that it received a large injection of funding from several large investors. The company said that it plans to use the money to continue its growth.
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Is your housing market on Santa’s naughty or nice list?

RealtyTrac offers its list of the year’s best and worst overall
Trey Garrison
Some housing markets are getting a new G.I. Joe with the kung fu grip. Others are getting a lump of coal, and with oil priced like it is...anyway, here are the nicest and naughtiest housing markets in America.
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Freddie Mac: Mortgage rates once again drop to new yearly lows

Drop further below 4%
Brena Swanson
Mortgage rates have decreased throughout this year, recently hovering around 4%. And now, according to Freddie Mac's latest mortgage report, they're even lower.
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Ocwen accused of stalling short sales

NYDFS and CFPB investigate
Brena Swanson
Ocwen just can't get out from under the spotlight of housing regulators. This time the servicer is being accused over whether it improperly stalled short sales by borrowers who owe more than their homes are worth.
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Initial jobless claims decline slightly for the week

4-week rolling average ticks down marginally
Trey Garrison
Jobless claims declined slightly, with some of it being seasonal employment in time for the holiday season. Here are the details.
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Countrywide whistleblower will receive $57 million

Edward O’Donnell to get part of record Bank of America settlement
Ben Lane
The whistleblower at the center of the so-called "Hustle" case against Bank of America over Countrywide mortgage loans will also receive a hefty payout for his participation in the record $16.65 billion settlement between BofA and the U.S. Department of Justice to resolve claims over toxic mortgage-backed securities on residential mortgage loans sold to Fannie Mae and Freddie Mac.
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Congressional budget bill kills HUD homeowner assistance program

HAWK program designed to offer savings on FHA-insured loans
Ben Lane
One of the most ballyhooed features of the FHA’s plan to help ease credit availability is not going to happen, thanks to budgetary wrangling in Congress. The HAWK program is no more.
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Political theater: Community groups giving HUD “Grinch of the Year” award

Advocates say distressed asset sales drive foreclosures
Trey Garrison
Get ready for a little coal in the stocking for the FHA — community groups and housing advocates are protesting the Distressed Asset Stabilization Program. Here's what will happen Thursday.
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