Move lawsuit against Zillow clears contempt hurdle with settlement

Move lawsuit against Zillow clears contempt hurdle with settlement

Move declares "full steam ahead" in prosecution

Twitter roundup of this week's top housing articles

CFPB heads up the list

Shaky housing market about to get even shakier

When will we all stop kidding ourselves?
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Items Tagged with 'California'

ARTICLES

Here’s how to afford homeownership in California

Conquering one of the most expensive states
Brena Swanson
California is notorious for its unaffordable housing market, and yet it is home to some of the top metros, leaving millions of people left wondering: How can anyone live there?
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Mortgage scammer commits fraud from inside jail cell

Alan Tikal stole $5.8 million from homeowners
Ben Lane
A California man will spend the next 24 years in prison for leading a mortgage fraud scheme through which he stole $5.8 million in fees and monthly payments from struggling homeowners.
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Mark Zuckerberg: Victim of real estate developer’s extortion scheme?

Facebook billionaire wants more privacy around his house
Ben Lane
According to Mark Zuckerberg, who made his billions by starting Facebook, he is the target of an extortion scheme perpetrated by a real estate developer who owns the rights to land around Zuckerberg's California home. There will be lawyers.
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Lender Privlo expands into California

Caters to small business owners, entrepreneurs
Brena Swanson
Privlo announced its launch into California to cater to the state’s growing self-employed workforce. The lender plans to expand into 21 states by the end of the year.
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San Francisco controller cautions against eminent domain

Discourages lawmakers from use
Brena Swanson
Talks about eminent domain are still lingering in California. This time San Francisco stepped in, discouraging lawmakers from using the tool to help homeowners.
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Moody’s: Ocwen’s California settlement won’t hurt RMBS investors

But it’s not all sunshine and roses either
Ben Lane
For investors in RMBS that contain Ocwen-serviced loans, the impact of the California settlement will be felt, but nowhere nearly as deeply as if Ocwen’s punishment was more severe. But that doesn't mean that the impact of the settlement is minimal either.
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California settlement puts Ocwen on a leash

Prohibited from acquiring California MSRs without state’s approval
Ben Lane
It appears that the threat by the State of California to suspend the mortgage license of Ocwen Financial is over, at least for now. The beleaguered nonbank confirmed that it settled with the California Department of Business Oversight, which was threatening to suspend Ocwen’s mortgage license.
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Here are the hottest neighborhoods for 2015

This year it’s all about affordability
Brena Swanson
This year, buyers are finally shifting away from urban and expensive homes. Instead, it’s all about affordability, and this new list from Redfin found the best of both worlds — the most affordable and convenient neighborhoods for 2015.
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Will 2015 be better for California’s housing market?

Number of underwater borrowers shrinks 28.5% for the year
Brena Swanson
Now that California is past last year’s tepid housing market, it should fare better in 2015, thanks to mortgage interest rates trending lower and loosening mortgage standards.
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Barclays: California situation could destroy Ocwen

Potential settlement could permanently cripple nonbank
Ben Lane
In a note to clients, Barclays analysts suggest that Ocwen may be facing a New York-esque problem in California and wonder if this is the beginning of the end for the troubled nonbank.
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