Foreclosure: The Movie… (finally!) coming to a screen near you

Foreclosure: The Movie… (finally!) coming to a screen near you

In new film, neighborhood of foreclosed homes drives man insane

Capstone demands Altisource family divorce

Calls for Altisource Residential to terminate Altisource Asset Management agreement

Pending home sales surge to highest level in 18 months

Buyer demand boosts sales
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The Ticker

Top 10 housing markets impacted by oil prices

The affect on home prices in two years
Brena Swanson
Although consumers easily welcomed the recent plummet in oil prices, the true impact of the drastic decline typically takes two years to see. This includes the impact on home prices in top oil producing states, but this list should help give a preview.
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Ellie Mae releases AllRegs Market Clarity 3.0

Includes new search functions and improved navigation
Brena Swanson
Ellie Mae released AllRegs Market Clarity 3.0, a new version of its business information tool, which includes a new user interface that lets users compare and contrast more than 3,000 loan products from 95 different investors.
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MetLife Home Loans to pay $123.5M in mortgage resolution

Admitted it knowingly made faulty mortgages
Brena Swanson
MetLife Home Loans agreed to pay $123.5 million, after it admitted it had been aware that a substantial percentage of loans weren’t eligible for FHA mortgage insurance due to its own internal quality-control findings.
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Hudson & Marshall and Genesis Auctions create real estate auction powerhouse

Global Property Exchange will oversee both firms
Brena Swanson
Hudson & Marshall and Genesis Auctions are joining forces to create a technology driven auction powerhouse to meet the growing needs of clients with a full suite offering of auction solutions.
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Jobless claims surge the most since 2013

Continuing claims the worst since 2009
Trey Garrison
Trouble ahead as jobless claims surge the week ending Feb. 21. Here's what happened.
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Morgan Stanley pays $2.6 billion in mortgage-bond settlement

Linked to subprime-era RMBS
Jacob Gaffney
Morgan Stanley said it reached an agreement in principle with the United States Department of Justice and the United States Attorney’s Office for the Northern District of California to pay $2.6 billion to resolve certain claims the financial enforcers intended to bring against the investment bank.
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Lenda expands into Oregon

Continues its rapid growth
Brena Swanson
While Lenda has caused some stir in the industry due to its unique approach to mortgage lending, it is faring quite well in the market, which includes its latest expansion into Oregon.
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Yellen: No rate hikes for a while

Market responds well to news
Brena Swanson
In her meeting with the Senate Banking Committee on Tuesday, Federal Reserve Chairwoman Janet Yellen said that it would be awhile before the central bank’s Open Market Committee makes a move on interest rates. A choice the market seems to be happy about.
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Dick Bove: Mortgage lending won’t exist without Fannie, Freddie

Who would buy 30-year, fixed-rate mortgages?
Brena Swanson
The government has been talking about the future of Fannie Mae and Freddie Mac for some time now, but without these organizations, what buyers will be there to fill in the gap?
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PHH locks in retail mortgage opportunities

Opens six new retail centers
Earlier this month, PHH said it was on the lookout for retail mortgage opportunities, and now just a little over a week later, the company announced it is opening six new retail mortgage centers.
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