Exclusive: Redfin’s chief economist answers 5 tough questions

Exclusive: Redfin’s chief economist answers 5 tough questions

Nationalizing the GSEs, the silver bullet for Washington policy and more

HUD: Associated Bank ‘redlining’ settlement largest ever

HUD Secretary Castro says settlement “sends a strong message”

Housing in places like New York, San Francisco fail more than just the locals

Local policies curtail worker freedoms
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The Ticker

Ottawa real estate agent guilty of attempted murder

Lured wife into garage and then tried to brain her with bat
A real estate agent in Ottawa, who lured his wife into his garage promising a present and hit her twice in the head with a baseball bat, was found guilty of attempted murder this week.
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Elizabeth Warren flipped houses while denouncing speculators

Made plenty of profits at what she called a myth
Trey Garrison
The National Review is looking into leading progressive Democrat Elizabeth Warren’s background, and what they found is surprising – the leading progressive voice on industry regulation made a killing doing what she condemns – flipping houses.
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RBS mortgage settlement with FHFA could reach $4.5B

First of 18 lawsuits from FHFA
Brena Swanson
The Royal Bank of Scotland Group could pay as much as $4.5 billion to resolve claims of misconduct in its handling of U.S. mortgage securities, marking the first out of 18 lawsuits from the Federal Housing Finance Agency to reach trial.
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Carrington Loan now available through wholesale lending division

Widens door for underserved borrowers
Brena Swanson
Carrington Mortgage Services is once again widening the door for underserved borrowers. This time the lender is making its Carrington Loan available through its national wholesale lending division.
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Los Angeles spec home to list for record $500 million

Is spec home demand growing?
Brena Swanson
The $500 million price tag of this new home in Los Angeles makes it one of the most outrageous speculative homes built to date, featuring 360-degree views of the Pacific Ocean, Beverly Hills, downtown Los Angeles and the San Fernando Valley. Are spec homes the next big thing?
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ditech expands its consumer direct channel in Florida

Plans to hire more loan specialists
Brena Swanson
Since Ditech Mortgage Corp launched back into the industry in March 2014, it has made several key changes to once again be a major player in the mortgage space. This time around the lender announced it is expanding its consumer direct channel into the Jacksonville, Florida, area.
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Reality star Nicole Richie wins in California real estate

Lists home for 83% higher than purchase price
Brena Swanson
Nicole Richie may be a top reality TV star, along with her singer husband Joel Madden, but she is also branching out into real estate. And it's in California, too.
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Motivity releases TRID tool for lenders

Works backward to ensure compliance
Brena Swanson
With the TRID implementation date only a few months away, Motivity Solutions released a new tool to help mortgage lenders comply with the deadline. What makes Movation unique is that it's tied directly to clients’ business processes to reveal data from a firm’s inner workings.
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Massachusetts Court of Appeals rules for MERS

MERS assignment, role as mortgagee is valid
Trey Garrison
MERS once again wins in the appeal of a trial court ruling that held MERS did not have authority from the original lender to assign the mortgage. Want to know more?
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Former Dallas Cowboy out of prison after serving 3 years for mortgage fraud

Eugene Lockhart jailed for taking part in $20 million fraud scheme
Ben Lane
A former Dallas Cowboys player is out of federal prison after serving three years for taking part in a $20 million mortgage fraud scheme, which involved at least 10 other people who were also convicted. The scheme saw the group recruit straw buyers who falsified their income documents to obtain loans for inflated prices.
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