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 'Dallas'

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Want a free Bentley? Sell this house

Agent who finds buyer for $10 million house gets added bonus
Ben Lane
Whoever finds a buyer for the nearly $10 million home will not only get his or her commission on the sale, the seller is also throwing in a new a 2015 Bentley at no charge. Just consider it a little cherry on top of your normal compensation.
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Former Fannie Mae manager trades basis points for beer

Opens beer growler shop in Dallas suburb
Ben Lane
Bradley Trapnell, who was REO Sales Manager at Fannie Mae from 2005-2009, is leaving the world of mortgages, REO sales, and field services for a life of lagers, ales, and stouts.
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Here’s the status update for the top 5 housing markets

1 out of 4 reports improvement
Brena Swanson
While they are the top 5 housing markets, they are struggling like the rest of the economy as a lack of buyer urgency, driven by weak confidence in economic conditions and an unwillingness to pay current prices, dominate real estate agents' concerns.
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Dallas Police & Fire Pension Fund loses $200 million on luxury real estate

Looks to sell Hawaii houses, Napa Valley vineyard
Ben Lane
Among the properties that the pension fund is selling are a group of homes in Hawaii purchased “at the top of the real estate bubble”, a vineyard in Napa Valley, and a $34 million patch of land in Arizona that was to be developed into a golf course.
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S&P/Experian: Mortgage default rates increase two months straight

Rates hits .93%
Brena Swanson
“Default rates for bank cards reversed an increase seen in the first half of 2014 while defaults on first mortgages and auto loans appear to have bottomed out over the summer,” says David Blitzer, managing director and chairman of the index committee for S&P Dow Jones Indices.
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Deion Sanders’ stunning North Texas home hits auction block

Prime Time’s Prosper mansion was previously listed for $12.9 million
Ben Lane
The 29,000 square foot home features 10 bedrooms, 10 bathrooms, a screening room, a bowling alley, an arcade, indoor and outdoor pools, a full-sized football field (complete with uprights), an indoor basketball court with two baskets, a sauna, a barber shop, and the home backs up to an 8-acre lake with a central fountain and private dock.
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Here’s how the top 5 housing markets look for fall homebuying

Future not too promising
Brena Swanson
The housing market is hesitantly moving into the fall homebuying season, and so far the results don't look too promising. These top 5 markets illustrate just where housing is going.
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S&P/Experian: Mortgage default rates increasing

After falling for almost a year
Brena Swanson
Consumer default rates rose in August, reversing a long downward trend. However, according to David Blitzer, with the S&P Dow Jones Indices, "No return to the extreme default experience of a few years ago is imminent."
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Beige Book: A housing market divided in improvement

Residential real estate activity varies across the board
Brena Swanson
The twelve Federal Reserve Districts weighed in on how their individual markets are doing, painting different housing market conditions. Residential real estate activity was split between them, with sales of existing homes and construction of new homes generally expanding or holding steady in about half of the districts.
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Realogy unit forms national property management division

Acquires Dallas GTF
Brena Swanson
"By combining our local property and asset management services into one national division, we are making a strong commitment to strategically growing our leadership position in this sector," said M. Ryan Gorman, senior vice president of strategic operations with NRT.
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