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 '2013'

ARTICLES

FHFA: home prices increase almost 3 years straight

Low inventory pushes prices higher
Brena Swanson
Home prices are about to hit the three-year mark for continuous growth, as low inventory pushes prices higher.
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Mortgage profit tanked in 2013

Per-loan production expenses skyrocket in second half
Brena Swanson
In just a year, the average profit of each loan originated by mortgage banks was sliced in half, but the year didn't start off this way. What happened?
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FHFA: Home price index slightly increases 0.5%

Brena Swanson
FHFA home price reports come in rosier than Case-Shiller. Why? For one, the FHFA only looks at Fannie Mae and Freddie Mac sales.
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5 reasons credit unions are celebrating 2013

Can the good news carry into 2014?
Brena Swanson
Credit unions survived the lending environment of 2013 and reported several areas of key growth. However, before the credit unions can celebrate, 2014 could present some new areas of caution.
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Stonegate Mortgage originations increase 152%

Lender navigates tough year with strategic acquisitions
Brena Swanson

Stonegate Mortgage not only overcame the challenging market conditions during the second half of 2013 but also posted a strong increase in originations and its servicing portfolio due to several strategic acquisitions.


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Originations save Blackstone Mortgage Trust 4Q earnings

Total loan origination portfolio reaches $2 billion
Brena Swanson
New York based Blackstone Mortgage Trust recorded a net income for the full year of $15 million, or 81 cents per share, driven by significant growth in the loan origination portfolio.
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Ally earnings tumble amid mortgage settlement costs

Officially finished with mortgages
Brena Swanson
Ally Financial officially exited the mortgage business by the end of 2013 but not without incurring significant losses. Ally recorded a net income of $104 million for the fourth quarter of 2013, a giant drop down from a net income of $1.4 billion for the fourth quarter of 2012.
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Credit Suisse earnings slightly miss estimations

Mortgage litigation costs hurt profits
Brena Swanson

Credit Suisse Group posted a fourth-quarter net income of $295 million, slightly up from $291 million in 2012. However, this is still down from forecasts due to hefty mortgage litigation costs.


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Can home prices record 23 months of increases?

Prices increase 11% in December: CoreLogic
Brena Swanson
Home prices recorded the 22nd consecutive monthly year-over-year increase in home prices nationally and grew 11% in December 2013 compared to a year ago.
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Not all lending pulls back

Multifamily, commercial lending grows 7% from 2013
Brena Swanson
Despite a drawback in residential mortgage originations, commercial and multifamily mortgage originations are predicted to grow to $300 billion in 2014, rising 7% from 2013 volumes.
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