Things at Ocwen just went from bad to much, much worse

Things at Ocwen just went from bad to much, much worse

Embattled company hit with an avalanche of bad news

Pending home sales surge to highest level in 18 months

Buyer demand boosts sales

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

In new film, neighborhood of foreclosed homes drives man insane
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The Ticker

Saudi prince lists luxurious New York nest for $48.5M

Includes three bullet-proof panic rooms… if you need it
Brena Swanson
A Saudi prince on New York’s Upper West Side is listing his roughly 10,500-square-foot triplex apartment for $48.5 million. And the real perk is what is included in the apartment.
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Urban Institute: 3 charts reveal the renter next door

Who are they?
Brena Swanson
An unexpected side effect of the mortgage crisis has been the replacement in many neighborhoods of single-family homeowners with renters. Here's who those people are in three charts.
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This is why it's a great time to be a real estate agent

But how long will it last?
Brena Swanson
The housing crisis put a significant dent in the number of registered real estate agents, leaving the ones who stuck around a good-looking paycheck.
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Mortgage Bankers Association adds 31 new members

See who joined the MBA in January
Ben Lane
The Mortgage Bankers Association announced that it welcomed 31 new members into its ranks in the month of January.
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10 reasons the housing market could go ballistic this spring

Even FOMO makes the list
Brena Swanson
The housing market is about to head into the start of the spring homebuying season, but looking at these ten facts, the wheels might already be starting to turn.
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United Wholesale tool keeps Realtors updated on mortgage status

Updates UTrack tool
Brena Swanson
Right now the industry is looking for greater transparency between borrowers and lenders in the industry. United Wholesale Mortgage’s enhanced version of UTrack is designed to fulfill that need.
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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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