Ocwen Chairman Erbey resigns as company admits misconduct

Ocwen Chairman Erbey resigns as company admits misconduct

Company to pay $150 million to homeowners

Surge in healthcare spending drives up 3Q GDP to 5%

Unbelievable rise compares to 3Q2003

Texas Realtor celebrates the murder of two NYPD officers

Doubles down on claims the day after and refuses to apologize
W S

The Ticker

Surge in healthcare spending drives up 3Q GDP to 5%

Unbelievable rise compares to 3Q2003
Trey Garrison
The government reports that the third quarter GDP was an unbelievable 5%, and it was driven largely by a surge in spending on healthcare.
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Colorado AG charges two more foreclosure law firms with fraud

Accused of inflating costs
Ben Lane
Attorney General John Suthers sued two foreclosure law firms, Robert J. Hopp & Associates and The Hopp Law Firm, and The Vaden Law Firm, stating that the firms overcharged consumers, for amongst other things, non-existent title insurance policies.
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The juiciest real estate lawsuits of 2014

Real estate mantra: Lawsuit, lawsuit, lawsuit
Trey Garrison
It was a year of spite, lawsuits and spiteful lawsuits. Here are the best of the best.
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Mortgage Bankers Association adds 14 new members

MBA continues its growth
Ben Lane
See who joined the Mortgage Bankers Association in the month of November.
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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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AmeriSave Mortgage joins 97% LTV pioneer club

Lender jumping into Fannie’s lower down program
Trey Garrison
Only a handful of lenders so far have jumped on board the 97% LTV train, and AmeriSave Mortgage is the latest. Here's why they think it's a good choice.
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Mortgage bond spreads tighten to lowest level in two years

Hesitant investors to blame
Ben Lane
Hesitant investors are driving down mortgage bond yield spreads to a level not seen in more than two years. Is the rise in overall yields to blame?
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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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