Dustin Johnson levels blockbuster claims at title attorneys

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
W S

News

Robin William’s $29.5M Napa Valley estate hits the market

Villa of Smiles a bittersweet legacy of late comedian
Trey Garrison
The world lost one of its sources of joy when he gave into depression, and now Robin Williams’ 639-acre estate is on the market.
Read More

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?
Ben Lane
The situation surrounding the escrow account shortages discovered at LandCastle Title and the law firm of Morris Schneider Wittstadt has taken another dramatic turn, with PGA golfer Dustin Johnson filing an amended motion which accuses Mark and Rod Wittstadt of conspiring to use Nat Hardwick as a pawn and set him up to take the fall for the shortages that were discovered in the accounts of the firm and its subsidiary, LandCastle Title.
Read More

Housing sales inventory continues to grow in October

Lower-priced home inventory lags; high-end homes picking up
Trey Garrison
The number of homes for sale continued to increase across the U.S. in October, a good sign for buyers, but mainly for those on the higher end, according to the latest data from Zillow Real Estate Markets report for October.
Read More

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus
Wilbur Ross, the high-risk turnaround exec famous for charging into metaphoric burning buildings of European financial institutions, is leaving Ocwen Financial and several other companies where he serves as a director.
Read More

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
Brena Swanson
The Consumer Financial Protection Bureau is proposing additional measures to ensure that homeowners are treated fairly by mortgage servicers. Here are the key changes.
Read More

Nationstar buys title company

More plans to grow geographically
Brena Swanson
Solutionstar Holdings, an indirect wholly-owned subsidiary of Nationstar, announced it is expanding further into the mortgage business and snapped up a mortgage title company. It is also expanding operations into some of the nation's largest housing markets.
Read More

Black Knight: Mortgage delinquency rate drops to 7-year low

Loans in foreclosure also dropped to 6-year low
Ben Lane
The mortgage delinquency rate declined in October to a seven-year low, according to Black Knight Financial Services’ “First Look” at the October mortgage data. October also saw a rise in prepayments for the first time since July, which Black Knight said is “historically a good indicator of refinance activity.”
Read More

GSEs officially update representation and warranty policies

Analysts say impact of long-awaited changes may be minimal
Ben Lane
Fannie Mae and Freddie Mac both announced changes to their respective representation and warranty policies, following through on an announcement made by Federal Housing Finance Agency Director Mel Watt at the Mortgage Bankers Association Annual Convention & Expo in October.
Read More

Goldman bankers fired after leaking confidential Fed info

Banker formerly worked for Federal Reserve Bank of New York
Brena Swanson
Goldman Sachs fired two bankers due to one of them allegedly sharing confidential documents from the Federal Reserve Bank of New York within the firm.
Read More

[CHART] FHFA: G-fees more than double in 4 years

Chronological changes in g-fees
Brena Swanson
The Federal Housing Finance Agency’s sixth annual report on the single-family guarantee fees charged by Fannie Mae and Freddie Mac included data from 2009 to 2013, showing just how intensely g-fees have increased in four years.
Read More