Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
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Items Tagged with 'NAR'

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Existing home sales tick up 1.5% in October

Second month in a row of gains brings pace to highest in 11 months
Trey Garrison
Existing-home sales rose in October for the second straight month and are now above year-over-year levels for the first time in a year, according to the National Association of Realtors.
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FHA actuarial report is a Rorschach test for Washington players

Proof of structural failure or proof it’s all hunky-dory?
Trey Garrison
The Federal Housing Administration released Monday its actuarial report on the Mutual Mortgage Insurance Fund for single-family programs, and a lot of very divergent voices have equally divergent opinions on what it means.
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Realtors applaud Obama’s call for strict Title II net neutrality

NAR fears premium pricing for video-heavy online listings
Trey Garrison
A week after the White House and Democrats took a historic beating in the midterm elections, the White House issued a statement with its forceful support of the FCC’s taking up a Title II net neutrality that would essentially treat the Internet like a public utility.
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Are landlords responsible for pot-growing renters?

It’s still not legal under federal law
Brena Swanson
While 23 states and the District of Columbia have legalized medicinal pot use, along with four states legalizing recreational use, marijuana is still illegal according to federal law, which could leave some landlords in a bind if their renters are caught.
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Monday Morning Cup of Coffee: What GOP control means for housing

Affordable housing minefields, getting an FHA loan, and more
Trey Garrison
Are we heading back down the path of dangerous lending and dodgy, politics driven housing policy, or is this much ado about nothing? Plus, wither Washington with the GOP at the helm?
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Prediction: Realtors almost totally unnecessary by 2025

Report predicts half of today’s occupations gone in 10 years
Trey Garrison
Buying a home may become more of an online process than you can even imagine now – especially by the year 2025.
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Can subprime loans solve the credit crunch?

Could re-energize the housing market
Daren Blomquist and Peter Miller
This means that right now, today, lenders can offer FHA-insured subprime loans, loans where the lender has no risk because the FHA provides 100% coverage for any lender losses. Do lenders make such loans? Not hardly.
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FHFA's Watt: Realtors are next step for expanding mortgage credit

Housing Director urges agents to “actively encourage their customers”
Brena Swanson
Now that Federal Housing Finance Agency Director Mel Watt announced his plans to expand the credit box, he went to next source of strengthening homeownership: Realtors.
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NAR: Dearth of first-time buyers plagues housing

Share of freshman homebuyers at three decade low
Trey Garrison
The share of first-time buyers fell to its lowest point in nearly three decades and is preventing a healthier housing market from reaching its full potential, according to an annual survey released Monday by the National Association of Realtors.
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Pending homes sales slightly increase in September

Finally above last year’s levels
Brena Swanson
Pending homes are officially above year-over-year levels for the first time in 11 months following a meager increase in September.
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