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

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Will housing collapse?

Items Tagged with 'Richmond'


Eminent domain survives Richmond City Council opposition

July 7, 2014
The Richmond City Council came within inches of terminating the city’s contract with Mortgage Resolution Partners to seize underwater mortgages through eminent domain.
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Is eminent domain ever going to work out?

With eminent domain sinking, CEO leaves
March 31, 2014
Eminent domain at its core is used to seize land to build public necessities; however, when the very company pushing for the product is dropping the ball, it is hard to jump on board the idea that eminent domain is a good idea.
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9 Federal Reserve districts post moderate economic growth

Residential real estate contacts remain optimistic
January 15, 2014
Economic growth waned in some Federal Reserve districts in late 2013. Yet, nine out of 12 still experienced moderate economic growth, according to the latest Fed Beige Book.
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Richmond eminent domain plan doesn't target foreclosures

November 19, 2013
Purveyors of the idea that eminent domain can be used to assist homeowners in distress are facing new allegations that their plan is to profit, not to help. A recent analysis in Richmond, CA is the latest to fuel the fire.
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Oakland battles anti-foreclosure plan

November 11, 2013
The Oakland City Council is debating whether it should support Richmond, Calif.’s out of the box anti-foreclosure proposal, creating strong arguments among city officials.
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SunTrust slashes 100 Virginia jobs

October 17, 2013
SunTrust Bank performed another round of job cuts, slashing 100 jobs in Richmond, Va., as the mortgage division suffered under the weight of falling refinance activity.
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Calpers joins opposition, fights eminent domain in California

September 30, 2013
The list of business groups and investors fighting eminent domain continues to grow. A major California public pension fund entered the ring this week.
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The debate: Eminent domain violates the Constitution

Taking the mortgage could go against 14th Amendment
September 27, 2013
The eminent domain dispute is far from over. Actually, it's just getting started. And now, it's beginning to get interesting.
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PBS NewsHour covers the Richmond eminent domain controversy

September 19, 2013
PBS NewsHour is covering the eminent domain controversy out of Richmond, Calif., in a full documentary that airs Thursday night.
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Judge refuses injunction request in eminent domain case

Richmond can move forward with controversial mortgage rescue plan for now
September 17, 2013
The case filed by Wall Street banks against the City of Richmond, Calif., in an attempt to bring the city’s principal reduction program to a halt was dismissed on Monday. But banks fighting against the use of eminent domain say the legal battle is only stalled, not over.
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