HousingWire reveals the 50 fastest-growing companies in housing economy

HousingWire reveals the 50 fastest-growing companies in housing economy

Inaugural 2014 HW Fast50 ranks public, private companies on revenue growth

Chinese investors remain an X Factor for the US housing market

So what does this mean for homeowners and buyers?

Judge throws out Fannie and Freddie investors’ lawsuit

Decision favors Federal government
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Articles by Ben Lane

CFPB fines Lighthouse Title for kickbacks

Michigan agency allegedly paid real estate agents for referrals
Ben Lane
“Today’s action sends a clear and simple message, that quid pro quo agreements for real estate referrals are illegal,” said CFPB Director Richard Cordray. “The Consumer Bureau will continue to take action to ensure that the mortgage market is a level playing field where everyone plays by the rules.”
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Forsythe Appraisals adds Richard Shackelford as VP of business development

Brings experience in loan origination, loan operations
Ben Lane
In the new role, Shackelford will be responsible for the successful growth of both local and national client opportunities and brand recognition for the company.
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Florida bank to pay all employees “living wage”

First Green Bank ups wages and eliminates salary caps
Ben Lane
According to a report from CNN Money, the bank will be giving a raise to 17% of its 66 employees this week to raise their salaries to a level that’s at least double the minimum wage for the state of Florida.
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Shareholders rights law firms launch investigations into News Corp/Move deal

Four firms immediately question stock purchase price
Ben Lane
Within hours of the deal's announcement, the law firms of Johnson & Weaver, Rigrodsky & Long, Powers Taylor, and Levi & Korsinsky all announced investigations into whether Move breached its fiduciary responsibility to its shareholders by accepting $21 per share in the sale to News Corp instead of a higher valuation.
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Bank of America finds buyer for Countrywide subprime MSRs

RMBS ratings unaffected
Ben Lane
It looks as though Bank of America is ready to push past Benjamin Lawsky’s supposed freeze of the legacy MSR market with a transfer of legacy MSRs to Select Portfolio Servicing, according to a note from Moody’s Investors Service.
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News Corp will buy Move for $950 million

Realtor.com may soon belong to Rupert Murdoch
Ben Lane
Under the terms of the acquisition agreement, which was announced on Tuesday, News Corp will acquire all of Move’s outstanding shares for $21 per share. According to a release from News Corp, that price represents a premium of 37% over Move’s closing stock price on September 29.
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WinWater Home Mortgage launching second jumbo RMBS

$276.9 million offering receives AAA ratings from KBRA
Ben Lane
The company, which refers to itself as “a residential mortgage conduit aggregator focused on opportunities in the non-agency jumbo sector,” is bringing WinWater Mortgage Loan Trust 2014-2 to market.
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Are your Facebook friends the future of your FICO score?

One financial expert thinks so
Ben Lane
“You could easily have a scenario in 10 years where a customer’s chances of credit are determined not only on their spending, but also on their friends, family members and their social profile,” Gi Fernando said. “By giving up a bit more information to the banks, you might stand to benefit in a wider choice of products.”
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CFPB fines Flagstar $37.5 million for mortgage servicing violations

CFPB: “At every step in the foreclosure relief process, Flagstar failed borrowers.”
Ben Lane
"Because of Flagstar’s illegal actions and unacceptable delays, struggling homeowners lost the opportunity to save their homes,” said CFPB Director Richard Cordray. “The Bureau has been clear that mortgage servicers must follow our new servicing rules and treat homeowners fairly. Today’s action signals a new era of enforcement to protect consumers against the cost of servicer runarounds.”
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Can Quicken Loans save Detroit?

Forbes: “Dan Gilbert is saving Detroit to help his business”
Ben Lane
Dan Gilbert, the founder and chairman of Quicken Loans, is still pushing to save the city of Detroit. He's invested millions in the revitalization of Detroit's downtown area and the results of his efforts are having a real impact on the recovery of the city and on Quickens Loans' business too.
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