Are REOs ready for a comeback?

Are REOs ready for a comeback?

Clear Capital: Increases in distressed, seasonal changes suggest yes

Mortgage application defects keep rising

Michigan, Florida, Texas lead First American application defect index

Monday Morning Cup of Coffee: When will mortgage lending pick up?

Plus, more on the future of Fannie and Freddie

Items Tagged with 'Goldman Sachs'


Goldman Sachs to pay $272 million in toxic mortgage lawsuit

Settles with Illinois electrical workers’ pension fund over crisis-era mortgage bonds
Goldman Sachs will pay $272 million to settle a lawsuit over losses suffered due to alleged misrepresentations of the quality of mortgage loans that backed crisis-era mortgage-backed securities. The lawsuit stretches back to 2008, when an Illinois electrical workers' pension fund sued arguing that Goldman made false statements regarding the nature of mortgages it sold into trusts.
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Guess how many bank CEOs made Glassdoor’s list of the highest rated CEOs?

Here's a hint…not many
For those who don’t know, Glassdoor is a website where a company’s employees (and former employees) can leave anonymous reviews of the company and tell other employees (or prospective employees) what it’s really like to work there. So how many bank CEOs made the top 50 in Glassdoor’s 2015 list of the highest rated CEOs? Not very many as it turns out.
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From HW Magazine

Low-hanging fruit

Small doc management companies make tempting M&A targets
Every day, a new crop of technology companies works to develop solutions to solve something inefficient in the housing industry. And every day, they have to look over their shoulders.
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Goldman Sachs faces $120M mortgage securities lawsuit

New York Court of Appeals revives suit
The New York Court of Appeals revived a bond insurer’s $120 million lawsuit claiming Goldman Sachs Group lied about a pool of securities backed by subprime mortgages during the period leading up to the financial crisis.
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From HW Magazine

Inside Goldman Sachs

Housing conference looks at what mortgage companies will need to survive in the future
“Nearly every part of the real estate process has been transformed by technology except for home financing. Getting a mortgage is still manual, frustrating and confusing,” said Nick Stamos, CEO and founder of Sindeo.
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Homeownership rate falls to lowest since 1993

Economists question whether tumble will continue or has bottomed out
The homeownership rate continued its multi-year slide, falling to a rate not seen since 1993. Are we near the bottom and there’s nowhere to go but up, or does the slide continue? Let’s find out.
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