Monday Morning Cup of Coffee: Ocwen settles "frustrating skirmish" with California

Zillow plans event to “hack” housing

Offers $10,000 prize for creative solutions to jumpstart market

CFPB goes after Wells Fargo, JPMorgan for mortgage kickback scheme

Mega banks will pay $35.7 million total
W S

The Ticker

Solutionstar completes acquisition of Title365

Firm to leverage acquisition to expand beachhead in California
Trey Garrison
Solutionstar expects to speed operations through added efficiency, by using Title365’s licenses to expand into new geographic markets, particularly in California. Here's how.
Read More

Rarity: BofA celebrates new branch opening in Denver

Opens new location in new market
Jacob Gaffney
News comes as bank continues to ditch hundreds of branches in many other markets. The bank is also experimenting with simpler "express" branches, those that do not employ tellers.
Read More

This housing market will never be saved

Six years later, still struggling
Brena Swanson
According to one bold housing columnist, housing will never spring back to its pre-recession levels. Despite all the government’s best attempts to spur activity again, these headwinds will remain.
Read More

Maryland woman sent to prison for stealing from open houses

Searched for expensive houses and posed as buyer
Ben Lane
According to local authorities, Sally Spaisman, 58, would search the Internet for expensive homes that were on the market, show up at the open houses pretending to be a buyer and use her free reign of the house to steal expensive jewelry from the owners.
Read More

Initial jobless claims above 300K for third week

January employment looking grim
Trey Garrison
Initial jobless claims missed expectations yet again, staying well above the 300,000 mark for the third week running. This could bode ill for the rest of the year. Here’s the story.
Read More

NewOak launches service to help lenders meet non-QM demand

Platform assists in managing increasing regulatory risk
Brena Swanson
NewOak’s new Non-Qualified Mortgage Support Services platform was created to help originators and investors in non-QM products to manage increasing regulatory and enforceability risks.
Read More

Urban Institute: 4 positive ways FHA cuts will impact mortgages

Starts with saving borrowers more money
Brena Swanson
There has been a lot of talk around the Federal Housing Administration's announcement that it is reducing mortgage insurance premiums. Here are four reasons the Urban Institute thinks it's good news for the mortgage industry.
Read More

LRES buys Lenders Choice

Expands growth in mortgage industry
Brena Swanson
In its latest growth initiative, LRES announced it has acquired Lenders Choice, a residential real estate appraisal management company providing valuation services specifically for the mortgage industry.
Read More

Redfin’s Richardson: Quiet shift in housing policy has big implications

The role of housing isn’t what it was
Trey Garrison
In an insightful commentary in Forbes, Redfin Chief Economist Nela Richardson notices something from the State of the Union address that few have remarked on — the future role of housing.
Read More

Washington Post: Move to lower FHA premiums ‘risky’

Populist move may not be justified
Trey Garrison
No natural adversary to the White House’s agenda, the Washington Post’s editorial board calls the move by President Obama and the Federal Housing Administration to lower FHA premiums risky. Here’s why.
Read More