Ocwen's regulatory burdens send up red flags and drive down stock price

Ocwen's regulatory burdens send up red flags and drive down stock price

Analysts lower price target, Citi drops buy recommendation

Activist investors critique Zillow, Trulia deal

Valuations skyrocket while earnings expectations have fallen

4 factors weighing down housing in the second half of 2014

Will housing collapse?

Items Tagged with 'FDIC'


Monday Morning Cup of Coffee: Homeownership rate headed to historic lows?

More racial discussion in housing
June 22, 2014
BofAML analysts suggest that the "scars" of the housing crisis may drive homeownership rates down to levels not seen in 40-50 years. Plus other interesting notes that crossed HousingWire's news desk over the weekend.
Read More

FDIC report confirms banks' mortgage exodus

Reduced mortgage volumes driving down earnings
May 28, 2014
According to the FDIC quarterly banking profile, this marks only the second time in the last 19 quarters that the industry has reported a year-over-year decline in quarterly earnings. To make matters just a little bit worse, both declines have occurred in the last three quarters.
Read More

Monday Morning Cup of Coffee: Will Citi follow in JPMorgan, Wells Fargo footsteps?

Also, criticism grows for FHA fees
April 13, 2014
In an important week on earnings, analysts lay out the scenario of performance for Citigroup. Plus, mortgages are growing at smaller lenders, criticism of the FHA continues, and the investor plan to buy a Baltimore bank appears in jeopardy.
Read More

GOP wants CFPB merged with other regulators

Democrats think cost-benefit analysis is 'dangerous'
April 8, 2014
The House Financial Services Committee hearing on the economic consequences of regulatory rulemaking and enforcement got heated because Democrats don't want cost-benefit analysis and Republicans want to merge regulators and bring them under Congressional oversight.
Read More

Are post-crisis credit requirements holding back 1.2M mortgages?

Researchers at the Urban Institute say yes, and explain how
March 14, 2014
The number of mortgages that could be made if credit conditions and requirements were at traditional, pre-crisis levels could top 1.2 million.
Read More

Monday Morning Cup of Coffee: Fannie, Freddie investors speak out

Winter housing troubles persist into Spring buying season
March 2, 2014
There is roughly one month left of winter; however, if the housing market continues down the same path, the outlook for spring may not be too warm. Plus, the real reason, unmentioned in the media, about why the Blackstone CEO received a massive bankroll.
Read More

Bank earnings are booming, but there's a big problem

Mortgages exiting the industry
February 26, 2014

Commercial banks and savings institutions insured by the Federal Deposit Insurance Corp. posted the 17th straight quarterly increase since 2009 due to an $8.1 billion decline in loan-loss provisions. However, the industry is not through the storm just yet, with several factors still inhibiting progress.

Read More

Seven defendants indicted in $49.6M mortgage fraud scam

Corrupt dealings alleged in North Carolina property deals
January 10, 2014
Another alleged mortgage scam is broken up. This one ended up costing big banks, such as Bank of America and SunTrust, millions of dollars, with the grand tally coming to $49.6M in fraudulent loans.
Read More
From HW Magazine

Don't call it a comeback -- because it's not

A real restart for private-label RMBS issuance faces a daunting set of obstacles
January 1, 2014
A financial industry publication recently reported, “Carrington Mortgage, Citadel Servicing and New Penn Financial are planning securitizations of newly originated subprime mortgages.” The publication went on to say in breathless tones that “[t]he offerings, on the slate for 2014, would confirm recent predictions that deals would soon start flowing in the asset class…”
Read More

Follow the housing leaders on Twitter

14 profiles to follow on Twitter in 2014
December 31, 2013
While everyone in the market has an opinion about the housing industry, only a select few have the knowledge to tell you what you need to know in 140 characters or less. HousingWire sifted through the data and chose the best Twitter profiles to follow in 2014.
Read More