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 'subprime'


$640 million in subprime-boom bonds coming to market

Two lists of “major” non-agency RMBS to bid separately
July 28, 2014
"My sense is that this is related to general risk reduction ahead of Wednesday’s FOMC announcement, Friday’s non-farm payroll report, and month end," David Varano of Interactive Data said. "Additionally, this could also be driven by certain investors looking to test the market after it appeared to easily absorb those two massive bid lists last week in order to gauge current demand levels."
Read More

Morgan Stanley finally pays $275 million for subprime RMBS fraud

SEC charged company with misrepresenting loans
July 24, 2014
The SEC had charged Morgan Stanley with misrepresenting the delinquency status of mortgage loans underlying two subprime RMBSs at the height of the financial crisis. They were the last subprime RMBSs that Morgan Stanley sponsored, issued, and underwrote.
Read More

Here’s exactly how ditech is coming back into the market

Correspondent lending is a big part of the company's new plan
May 19, 2014
The company, which was once of the leaders in subprime lending, has released details on just how it plans to build a base in one of its new areas of focus: correspondent lending.
Read More

ditech returning to the mortgage market in a big way

Second act for former subprime lender leverages brand awareness
May 14, 2014
ditech, a company that was once a poster child for pre-crash subprime lending, is getting its second act, and hoping to leverage its high-profile brand name and get back into the national mortgage market as a major player.
Read More

HSBC gets the go ahead to sue Deutsche Bank over reps and warrants

Judge denies motion to dismiss case from pre-crisis RMBS deals
April 16, 2014
A New York judge denied Deutsche Bank’s bid to dismiss four lawsuits that would force it to either pay damages or buy back subprime mortgages packaged into RMBS back before the start of the 2008 financial crisis.
Read More

Bank of America close to beating DOJ $850M RMBS fraud suit

Justice Dept. hasn't proven allegations in FIRREA case
March 28, 2014
A U.S. magistrate is recommending dismissal of a federal case against Bank of America for fraud against investors regarding the quality of $850 million in loans bundled into mortgage-backed securities.
Read More

No Reuters, this is not a return to subprime risk

Loosening credit standards is not a prelude to Global Meltdown 2.0
February 14, 2014
To Reuters, loosening credit a little is the bank “tiptoeing back into subprime home loans again.” The problem? It’s just not true.
Read More

Is the growing market share of ARMs cause for concern?

Capital Economics wants to know
February 4, 2014
The economics company states the adjusted rate mortgage appears to be in the middle of something akin to a renaissance. And it gives three reasons this trend is not a heart stopper.
Read More

Lippmann: Mortgages have a little further to run

November 20, 2013
Hedge fund manager Greg Lippmann is still a fan of mortgages, though his interest has cooled somewhat going into 2014. Lippmann, the famed Wall Street trader who made his name better against subprime mortgages, told Reuters he still seems some room to run -- but not with the same upside seen in 2012 and this year.
Read More

Investors still see relative value in subprime mortgage bonds

Barclays cites cautious optimism at ABS East
October 10, 2013
Barclays said most investors remain confident in the strength of housing fundamentals, which is true, but these fundamentals remain woefully backed by a federally supported mortgage finance system.
Read More