Ocwen's regulatory burdens send up red flags and drive down stock price

Ocwen's regulatory burdens send up red flags and drive down stock price

Analysts lower price target, Citi drops buy recommendation

Activist investors critique Zillow, Trulia deal

Valuations skyrocket while earnings expectations have fallen

4 factors weighing down housing in the second half of 2014

Will housing collapse?
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The Ticker

Trustees to accept $4.5 billion JPMorgan settlement

Settlement talks had stalled in January
August 1, 2014
The Reuters report states that the trustees representing the defrauded investors are set to accept the settlement for a “vast majority” of the trusts that they represent. The settlement was originally agreed to in November 2013.
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$1.2 billion Fannie, Ginnie bulk MSR portfolio for sale

Loans carry weighted average note rate of 3.75%
August 1, 2014
Fannie Mae and Ginnie Mae each back a separate pool of the underlying loans. IMA is requesting separate bids to be submitted for the Fannie pool and the Ginnie pool to allow consideration by the seller to sell the pools separately.
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MERS and ICE in talks to merge

Steps into $9.4 trillion mortgage market
August 1, 2014
Intercontinental Exchange, which is best known for energy trading, could possibly be stepping into the mortgage market. The company is currently in negotiations to form a partnership with Mortgage Electronic Registration Systems.
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TILA-RESPA compliance: 1-year countdown starts today

Why vendor relationships need special attention now
August 1, 2014

At one year until the go-live date for the Integrated Disclosure Rule, if you haven’t started having meetings to discuss your organization’s approach to incorporating reforms, depending on its size, you could already be behind schedule.


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Mortgage-bond price tumbles amid increased risks

Fannie, Freddie witness significant drops
July 31, 2014
Prices of a new type of U.S. Mortgage bond are tumbling as investors discover the risks in the market from Wall Street banks, with Fannie Mae and Freddie Mac bonds witnessing some of the biggest drops.
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FHLB Des Moines, FHLB Seattle in merger talks

Brings 12 FHLB down to 11
July 31, 2014
Currently, there are 12 Federal Home Loan Banks that could change soon, with a potential merger from the Federal Home Loan Bank of Des Moines and the Federal Home Loan Bank of Seattle.
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Should real estate agents disclose murder?

Modern day haunted houses...
July 31, 2014
A majority of states don’t consider psychological stigmas to be material defects to a home; which means you can purchase a home that hosted a murder, suicide or another gruesome event without even knowing it.
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Only 1 mortgage company makes Black Enterprise 100 list

Another big year for ULS
July 31, 2014
Urban Lending Solutions, which provides a suite of mortgage-related services, was listed at number 19 on the Black Enterprise 100 list, down from 16 the year before. Revenue at the company last year was $168.6 million.
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Multifamily, commercial mortgage loans jump 34% in 2Q14

But still down 2% from 2013
July 31, 2014
Multifamily originations were down 10% over 2013's second quarter, but up 32% over the first quarter of 2014.
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BOK Financial posts $76M 2Q net income

Mortgage banking revenue reaches $29M
July 30, 2014
"The quarter’s results reflect the earnings power inherent in our diversified business model, as several lines of business grew this quarter, including energy lending, brokerage and trading, and mortgage banking," Steven Bradshaw, president and CEO of BOK Financial, said.
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