Activist investors critique Zillow, Trulia deal

Activist investors critique Zillow, Trulia deal

Valuations skyrocket while earnings expectations have fallen

CoreLogic: Foreclosure inventory tumbles 35%

But don't celebrate just yet

4 factors weighing down housing in the second half of 2014

Will housing collapse?
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Items Tagged with 'mortgage-backed securities'

ARTICLES

Ginnie Mae’s MBS portfolio reaches $1.5 trillion

Grown 30% from $1 trillion in 2010
June 24, 2014
The corporation's portfolio has grown from $1 trillion in 2010 to $1.5 trillion in 2014. It took 42 years, from the company's founding in 1968 to 2010, for its portfolio to reach $1 trillion.
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Justice using JPM settlement to pursue other banks

Part of $13B settlement being used to beef up U.S. Attorney offices
June 11, 2014
Reuters reports, citing people familiar with the matter, that the U.S. Attorney’s offices that have been the most vigilant in pursuing banks over their loan practices have received funds to hire new civil prosecutors.
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RBS to slash U.S. mortgage business

May 27, 2014
The original report, from the Financial Times and followed up by Reuters, said that the British bank will eliminate hundreds of jobs over the next two years “as part of the an effort to reduce its assets ahead of new rules set out by the U.S. Federal Reserve.”
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Freddie: 3 areas housing fails to execute

“What we expect to be happening isn’t happening”
May 19, 2014
The spring home buying season has yet to kick into high gear, forcing Freddie Mac to revise and lower its forecast in several areas on an annualized basis.
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JPMorgan Chase $280M MBS case gets preliminary court approval

May 5, 2014
JPMorgan Chase won preliminary court approval from a U.S. judge for its agreement to pay $280 million to resolve claims tied to $36.8 billion in mortgage securities issued in 2006 and 2007
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FOMC: Taper continues its baby steps

Fed tapers $10 billion
April 30, 2014
The Federal Open Market Committee will continue to taper, reducing its bond purchases by another $10 billion, according the committee's latest March meeting minutes.
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Fannie, Freddie, FHFA settle MBS lawsuit with BofA

Provides aggregate payment of $9 billion by BofA
March 26, 2014
Fannie Mae, Freddie Mac and the Federal Housing Finance Agency reached an agreement with Bank of America to settle claims associated with non-agency mortgage-related securities from 2005 to 2007.
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Report: BofA, Goldman could pay $16 billion over MBS claims

Another two big banks up next to settle with the FHFA?
February 11, 2014
If the way settlements are headed continues, an additional $16 billion in penalties will be paid by banks, including Bank of America and Goldman Sachs over mortgage-backed securities sold to Fannie Mae and Freddie Mac.
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Good heavens! REO-to-rentals trying to turn a profit?

NYT: This new asset class thing is new and therefore scary or something
February 10, 2014
Having just discovered REO-to-rental as an asset class, the New York Times wants you to know it is not really in favor of this concept. Therefore, it's exactly like what caused the financial crisis.
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From HW Magazine

True sale

The bank retreat from mortgage lending is just beginning
January 31, 2014
Recent data from the Mortgage Bankers Association shows the extent of the collapse of new applications for mortgages. The numbers are down 60% annually and reached a 13-year low. However, higher interest rates are not the chief reason for poor mortgage market performance by a long shot.
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