Fitch warns Ocwen-related RMBS deals face major downgrade

Fitch warns Ocwen-related RMBS deals face major downgrade

Placed on “Rating Watch Negative”

WATCH: Famous televangelist gives terrible reverse mortgage advice

Let's clear this up for Maria

S&P reportedly close to massive mortgage-bond rating settlement

WSJ: Department of Justice may get billions
W S

Items Tagged with 'Sterne Agee'

ARTICLES

Everything you need to know about President Obama lowering FHA premiums

Actual effect of controversial move sparks disagreement
Trey Garrison
The president said he will direct FHA to cut its premiums 0.5%, but questions remain whether it will really boost homeownership, and whether Congress will push back against the move. Here's what's next.
Read More

Ocwen volatile over concerns company could lose existing servicing

Sterne Agee: Continues to rate OCN neutral
Trey Garrison
Ocwen's stock has been volatile but Sterne Agee continues to rate the company neutral despite investor concerns. Here are the details.
Read More

The key to homebuilder profit in 2015

Hint: It’s not through first-time homebuyers
Brena Swanson
The government is in overdrive to open the credit box for first-time homebuyers. But the new push doesn’t help everyone in the industry. According to two homebuilder analysts, if homebuilders want to make money, they need to stay away from first-time homeowners and subprime buyers.
Read More

Capital Economics: Don’t panic about November home sales

Analyst says existing home sales will rebound, but others differ
Trey Garrison
Economists differ on what November's existing home sales plunge means. One says don't panic, another says it's part of a larger underlying weakness.
Read More

3 things to know about interest rates in 2015

Here’s the skinny on what it means for mortgages
Trey Garrison
Sure, everyone says they know what will happen with interest rates, but whether they go up or down or stay flat, it's critical to know what it will mean for mortgage financing.
Read More

Monday Morning Cup of Coffee: Feeling confident about housing, mortgages?

This market is the cart, not the horse
Trey Garrison
It's that special time of year, you can smell it in the air. Too soon for housing forecasts, but like a kid waiting for Christmas, it's all you can think about. Here's a taste of housing's fortunes in sales, prices, mortgage-backed securities, mortgage lending and more. Merry early House-mas.
Read More

Housing stepping in the right direction but at muted pace

Sterne Agee Chief Economist: Era of the home as an ATM is over
Trey Garrison
Sterne Agree chief economist Lindsey Piegza says that while the housing market continues to take steps in the right direction, the pace of the recovery remains muted.
Read More

Local housing markets outpace national numbers

Drilling down into September's numbers
Trey Garrison
Both unit sales and median sales prices averaged growth in the mid-single digits for the month of September, and inventory levels continue to be constrained at just above four months' supply, according to a client note from Sterne Agee analysts Jay McCanless and Annie Worthman.
Read More

Are record-low interest rates masking high-cost mortgage lending?

Five leading economists weigh in and the answer may surprise you
Trey Garrison
The cost of originating mortgages and loan production is officially ridiculous and a question that arose at the Mortgage Bankers Association’s convention and expo last week was “Are record low mortgage rates masking from borrowers the high cost of mortgages?”
Read More

Analysts: New home sales stall-out is a disappointment

Expect some rebound but demand remains restrained
Trey Garrison
New home sales stalled in September to just 0.2% growth, following the previous month’s downwardly revised jump of 10%. Analysts think this is more an outlier than a trend, but any optimism is heavily qualified.
Read More