Things at Ocwen just went from bad to much, much worse

Things at Ocwen just went from bad to much, much worse

Embattled company hit with an avalanche of bad news

Pending home sales surge to highest level in 18 months

Buyer demand boosts sales

Foreclosure: The Movie… (finally!) coming to a screen near you

In new film, neighborhood of foreclosed homes drives man insane
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Items Tagged with 'Congress'

ARTICLES

Meet the bullies ripping off Realtors

NAR executives testify before Congress on patent troll fight
Ben Lane
Realtors, real estate agents and brokers are fighting a constant battle against people and companies who are trying to rip them off, and they’re not going to take it anymore, executives from the National Association of Realtors told a House subcommittee on Thursday.
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House passes bipartisan regulatory reform bill

Would require more cost-benefit analysis, transparency in regs
Trey Garrison
A bipartisan bill that would shed light on how federal policies affect both businesses and state and local governments passed the House Wednesday. It’s got a clear shot through the Senate but there’s turbulence waiting in the White House. Here’s why.
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Realtors join fight against patent trolls

NAR becomes founding member of patent law reform group
Trey Garrison and Ben Lane
The National Association of Realtors is joining a group that wants to fight what it calls patent trolling. Here’s why they say it's important to fight back.
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White House may cut FHA premiums 50 bps by executive action

Obama housing speech could be boon for borrowers, bust for insurers
Trey Garrison
The President could announce a plan to lower FHA premiums by 50 basis points when he talks about housing policy in a speech Thursday in Phoenix. But such a move would be met with considerable opposition in Congress.
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Short sale tax break signed into law

President Obama makes it official
Ben Lane
Homeowners who had short sales in 2014 can now breathe a giant sigh of relief, as the Mortgage Debt Forgiveness Act was signed into law by President Barack Obama. The short sale tax break lives on, for now, at least.
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Senate approves short sale tax break

Allows tax relief on 2014 short sales
Ben Lane
Homeowners who had short sales in 2014 were facing massive tax bills unless Congress extended short sale tax breaks. The House of Representatives did its part two weeks ago, and now the Senate has followed suit.
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Short sale tax break passes in House

Now on to the Senate
Ben Lane
According to a recent estimate from RealtyTrac, there have been more than 170,000 short sales representing a mortgage debt forgiveness of $8.1 billion total in the first three quarters of 2014 alone. All those borrowers will be facing massive tax bills if the bill doesn't pass in the Senate as well.
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Short sale tax break expiration could slam 170K with massive tax bills

Congressional inaction could add $75K in phantom income
Trey Garrison
The tax break for mortgage debt forgiveness is about to expire, Congress hasn't moved, and here's how it could add tens of thousands in phantom income to people already hit by short selling their homes.
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Sen. Warren accuses FHFA’s Watt: “You haven’t helped a single family”

Senator charges FHFA with dereliction on principal reduction
Trey Garrison
What started as a dry, lame-duck session hearing on the Federal Housing Finance Agency in the Senate Banking Committee on Wednesday, got heated when U.S. Sen. Elizabeth Warren, D-Mass., went guns blazing after the FHFA director.
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FHFA Inspector: $353 million in criminal fines and restitution

Semiannual report delineates agency accomplishments
Brena Swanson
The Office of Inspector General for the Federal Housing Finance Agency released its eighth semiannual report to Congress, showing just how busy the FHFA has been for the past several months, including the $16.65 billion BofA settlement.
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