Home Loan Servicing Solutions stock craters after investors get paid

Home Loan Servicing Solutions stock craters after investors get paid

Payout of $1.2 billion headed to stockholders

Homeownership rate falls to lowest since 1993

Economists question whether tumble will continue or has bottomed out

Ocwen’s road ahead: Well, can't get any worse

Fall down seven times, get up eight?
W S

The Ticker

FHFA: Mortgage interest rates slightly rise in March

Still remain at record lows
Brena Swanson
Interest rates on conventional purchase-money mortgages slightly increased from February to March. But despite the slight rise, rates are still significantly down from a year ago.
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Coming soon: The Tesla home battery

Electric car company venturing into residential energy storage
Ben Lane
Tesla Motors, the company that plans to revolutionize automobiles with its electric car, is planning a new revolution that aims to transfer how we power the rest of our lives. How will the home battery impact mortgages?
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Blackstone: Housing a “good investment”

Despite a slowdown in home price appreciation
Brena Swanson
Even though home prices are not increasing as rapidly as they have been, housing is still a good investment according to one housing executive.
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7 point plan to make Fannie and Freddie something everyone could live with

You don't have to go home, but you can't stay here
Trey Garrison
A conservatorship is supposed to be a temporary thing, but we're now running on six-and-a-half years since Fannie Mae and Freddie Mac collapsed — it’s time to get something going.
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Gallup: Americans not as optimistic about homeownership

So what changed?
Brena Swanson
Although Americans are generally more positive about homebuying, they remain less optimistic than they were during most of the past two years. But the reason for the trepidations could be going away.
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Impac comes roaring back

Stock soars on earnings news
Ben Lane
A tremendously positive earnings report sent Impac Mortgage Holdings’ stock soaring on Friday. The company isn't back to its pre-crisis heights, but it's on its way.
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BAML hosts 24th annual low-income housing challenge in California

Contest pits colleges against each other in developing biz plans
Trey Garrison
In May, Bank of America/Merrill Lynch is holding its 24th Annual Low Income Housing Challenge in California, challenging students to come up with a business plan to meet the needs of those most in need of affordable housing. Here's why this matters.
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Dr. HousingBubble: Return of the broke homeowner

9.3M saw foreclosure, DIL or short sell 2006-2014 - ready to go now
Trey Garrison
Homebuyers burned in the housing crash are itching to buy again and the pressure is on from the industry to get them in there. It’s been seven years – so what housing crash, Dr. HousingBubble asks sarcastically.
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Export-Import Bank loan officer pleads guilty to taking bribes

Approved unqualified loans for payments
Trey Garrison
The Export-Import Bank is in the cross-hairs on Capitol Hill, and the latest news that a loan officer was taking bribes isn’t going to help defenders.
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Whalen: Why the Fed must raise interest rates, but it won’t

Everyone talks about the FOMC but no one does anything
Trey Garrison
For more than a year, almost everyone in and around the industry has been saying that the Federal Reserve will be raising interest rates by mid to late 2015. One man in the know thinks everyone is wrong.
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