Revealed: BlackRock owns considerable stock in housing’s biggest players

Who wins the Super Bowl…of real estate?

Redfin deflates Patriots' homeowners

CFPB wants more mortgages in "underserved" areas

And here's how they will get it done
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Articles by Ben Lane

Manhattan condo prices have never been higher

Prices in Q4 break record set in 2007
Ben Lane
Lest anyone forget how expensive it is to live in New York City, new data shows that it’s never been more expensive to live in one of Manhattan’s condos.
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Revealed: BlackRock owns considerable stock in housing’s biggest players

Owns more than just Altisource
Ben Lane
Altisource is not the only housing stock BlackRock owns. In fact, according to recent filings with the SEC, BlackRock owns a substantial stake in another of Ocwen’s associates, Home Loan Servicing Solutions, as well as considerable interests in CoreLogic and Lowe’s.
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Who wins the Super Bowl…of real estate?

Redfin deflates Patriots' homeowners
Ben Lane
The players on the field will decide who wins this weekend's Super Bowl, but who wins the battle off the field? Who has bragging rights no matter what happens in the game? Bostonians or Seattleites?
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Geoff Bastow joins Blueberry Systems as chief technology officer

Will lead software architecture and product development
Ben Lane
Blueberry Systems, a provider of advanced technology solutions to the mortgage banking industry, announced that Geoff Bastow joined the company as chief technology officer.
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Aspen Grove Solutions adds James Hall as senior vice president

Will oversee sales and business development
Ben Lane
Aspen Grove Solutions, a provider of property related technology solutions for REO, short sale, asset management, property preservation, vendor management and compliance, added James Hall as the company’s new senior vice president of sales of business development.
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Home Loan Servicing Solutions fires back at mortgage-negligence claims

Ocwen associate answers charges from hedge fund
Ben Lane
Home Loan Servicing Solutions is joining with associate Ocwen Financial, in the fight against investors who claimed that the companies breached their mortgage bond covenants, and is accusing the investors of attempting to profit on their stock holdings in HLSS as opposed to actually caring what happens with the mortgage bonds.
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New FHA guidelines to delay reverse mortgage foreclosures

HECM spouses get to stay for longer
Ben Lane
The U.S. Department of Housing and Urban Development and the Federal Housing Administration announced changes to its reverse mortgage program designed to keep non-borrowing spouses during the foreclosure process.
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Fitch warns Ocwen-related RMBS deals face major downgrade

Placed on “Rating Watch Negative”
Ben Lane
Fitch Ratings is sounding the alarm on residential mortgage-backed securities that contain loans serviced by Ocwen Loan Servicing, an affiliate of Ocwen Financial, telling investors to expect a downgrade on the ratings of Ocwen-related RMBS transactions soon.
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Nomura fighting back against FHFA toxic mortgage lawsuit

Claims U.S. unit “did nothing wrong”
Ben Lane
Nomura Holdings reportedly does not want to settle with the Federal Housing Finance Agency because it claims that its U.S. unit did not knowingly sell bonds backed by fraudulently originated loans to Fannie Mae and Freddie Mac in the run-up to the crisis.
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Freddie Mac prices first 2015 STACR risk-sharing deal

Offered first-loss position for first time
Ben Lane
Freddie Mac announced the pricing of its first Structured Agency Credit Risk transaction of 2015, which marked the first time that investors were offered the opportunity to purchase the first-loss position in a risk-sharing deal.
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