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 'Department of Housing and Urban Development'


Julián Castro sworn in, spends first day as HUD Secretary

Former San Antonio mayor takes over for Shaun Donovan
July 28, 2014
"Julián has lived the American Dream in his own life, and I’m confident he will help Americans across our country seize their own piece of that dream for themselves and their children," President Barack Obama said when Castro was confirmed by the Senate earlier this month.
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Cyprexx: Discrimination charges “frivolous”

Fannie Mae contractor responds to charges from National Fair Housing Alliance
July 24, 2014
"Cyprexx only learned about the allegations from the media and had to go to the NHFA’s website to obtain a copy of complaint," Cyprexx said in a statement. "One cannot help questioning whether this is a part of a publicity stunt rather than a good faith effort to determine if there is any basis for its charges."
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Fannie Mae contractor Cyprexx accused of racial discrimination

Homes in African American, Latino neighborhoods were treated “very poorly”
July 22, 2014
"Cyprexx is required by federal law to maintain foreclosures without regard to the racial makeup of the neighborhood, but the evidence we uncovered flies in the face of that obligation," said Shanna Smith, CEO of the National Fair Housing Alliance. A Cyprexx source said the company was not made aware of any complaints and the NFHA, to his knowledge, never reached out.
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HUD Secretary Shaun Donovan confirmed as director of OMB

Clears way for Julián Castro as new head of HUD
July 10, 2014
"I am pleased that Republicans and Democrats in the Senate today confirmed Shaun Donovan as the next Director of the Office of Management and Budget," President Obama said. Now, Donovan's exit clears the way for San Antonio Mayor Julián Castro to lead HUD.
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Castro’s confirmation as HUD Secretary met with industry approval

President Obama, others praise San Antonio mayor
July 9, 2014
"I applaud the bipartisan majority of Senators who today confirmed Julián Castro as our next Secretary of Housing and Urban Development," President Obama said. "Julián is a proven leader, a champion for safe, affordable housing and strong, sustainable neighborhoods."
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Senate confirms Julián Castro as HUD Secretary

Senate votes 71-26 to approve Obama’s nominee
July 9, 2014
Of note in the “no” votes was Senator Mike Crapo, R-Idaho, who co-authored the Johnson-Crapo housing finance reform legislation with Senator Tim Johnson, D-S.D., that is currently under consideration on the Senate floor.
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What’s wrong at Altisource Asset Management?

Stock crashes after company denied at distressed loan auction
June 23, 2014
Altisource Asset Management's stock is plummeting after reports that the company's affiliate, Altisource Residential was shut out of a HUD distressed loan auction.
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Senior Treasury official: Recapitalizing GSEs would take 20 years

Reiterates support for plan to wind down GSEs
June 13, 2014
"Even if truly rehabilitating the GSEs were possible, recapitalizing them adequately would take at least twenty years,” Treasury Under Secretary Mary Miller said. “During these 20 years, the taxpayer would remain at risk of having to bailout the GSEs during another downturn."
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Obama: “All-star” Julián Castro to lead HUD

HUD Secretary Shaun Donovan nominated to lead budget office
May 23, 2014
“We also need someone to continue Shaun’s good work at HUD,” the President said. “And that public servant is Julián Castro."
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Obama to announce Julián Castro’s nomination as HUD Secretary

Three-term San Antonio mayor to replace Shaun Donovan
May 23, 2014
According to reports, President Obama will announce Castro’s nomination in the Rose Garden on Friday afternoon. If confirmed by the Senate, Castro would replace the current HUD Secretary Shaun Donovan, who’s expected to be named Director of the White House Office of Management and Budget on Friday afternoon as well.
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