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?

Items Tagged with 'SEC'


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

Court of Appeals: Judge should not have blocked Citigroup, SEC settlement

Overturns Judge Jed Rakoff's decision to block $285 million RMBS settlement
June 4, 2014
In the ruling, the three-judge panel wrote, “We now hold that the district court abused its discretion by applying an incorrect legal standard in assessing the consent decree and setting a date for trial.”
Read More

SEC charges jailed broker with fraud in real estate scam

April 24, 2014

Vitale allegedly told his investors that their funds were “100% protected” when they were not, and he claimed to be a financial expert with a business degree from Notre Dame. In fact, he never attended college after graduating from Notre Dame High School in West Haven, Conn.

Read More

Morgan Stanley offers $275M to absolve bad mortgage bonds

SEC yet to agree, MS won't admit wrongdoing
February 26, 2014
Morgan Stanley is finalizing a $275 million agreement with the U.S. Securities and Exchange Commission to settle the SEC probe into the bank’s subprime mortgage bond trades going back to 2007.
Read More

SEC tells two Wall Street bond traders this isn't Monopoly

Accused of Free Parking
February 4, 2014
Two Wall Street traders are charged with involvement in a “parking” scheme that arranged for one to purchase several securities with the understanding that the other would repurchase them at a profit in order to skirt around company rules.
Read More

3 dangers housing finance faces in 2014

Ambiguous, complex, and inconsistent enforcment ahead
January 23, 2014
When a law's effect is determined by how it is enforced, and when there's a new model of regulation by people who don't understand what they're regulating — that's not a good place to be.
Read More

Your student loan is tanking the mortgage market

Rising education debt spells doom for housing
January 21, 2014
Taking out a loan to finance an education is the new American dream. With more citizens needing higher education to get a job, and the price tag on that education going up, the market is now desperately out of whack. The outcome? Mortgages in the U.S. are taking a backseat to student loans.
Read More

JP Morgan earnings summary: only the lawyers win

Bank still dishing out the dollars
January 14, 2014
Looking at JPMorgan’s fourth-quarter and year-end financial statement, it’s clear JPM – among other banks – is still dishing out the dollars to get these issues behind them. But who is the true beneficiary of the settlements and litigation? Homeowners? Future borrowers? Nope. Guess again.
Read More

Investors in PennyMac gain larger stake

Two hedge funds report beneficial ownership to the SEC
January 14, 2014
A group of investors acquired enough of a stake in PennyMac Financial Services to prompt a series of new filings with the Securities and Exchange Commission.
Read More

Merrill Lynch settles mortgage investment issues with SEC for $131M

December 13, 2013
The Securities and Exchange Commission charged Merrill Lynch – now under the umbrella of Bank of America – for providing faulty disclosures in relation to collateral backing two collateralized debt obligations.
Read More