Looking back, the housing industry is totally Scrooged

Looking back, the housing industry is totally Scrooged

Here's the HousingWire/Star Wars Christmas 2014 special

FHA loans could face "tidal wave of defaults"

All indices hit series high

Another mortgage lender launches 3% down loan

Falls in line with FHFA
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Items Tagged with 'California'

ARTICLES

National MI promotes former CFO to president

Glenn Farrell hired as new CFO
Brena Swanson
National MI is changing up its leadership roles at the company and promoted Jay Sherwood to president of NMI Holdings and its subsidiary company, National Mortgage Insurance Corporation. And as a direct result, the company hired Glenn Farrell as its new CFO.
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The great divide in California’s housing market

And it’s not getting any better
Brena Swanson
The craziness in California’s real estate market is not getting any better as the divide between the upper-end housing market and the rest of the housing market continues to grow further and further apart.
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PropertyRadar: Spring could bring hope for California homebuyers

Median home prices remain unchanged
Brena Swanson
The median price of a California home in October remained unchanged from September, reaffirming a continuous trend of flat price increases and potentially paving the way for a better spring homebuying season.
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Will Walter Investment go the way of Ocwen?

Company reveals new investigations into servicing practices
Ben Lane
On page 44 of the Walter Investment's earnings filing with the Securities and Exchange Commission, the company disclosed that during the second quarter, it met with a working group representing the attorneys general and regulators of several states as well as representatives of the Office of the United States Trustee to “discuss the business practices of Green Tree Servicing.” Several of those states have since launched investigations.
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6 housing markets that haven’t recovered

California fills the list
Brena Swanson
Although it’s been eight to nine years since the housing recovery, not every market is recording strong growth, especially in Florida and California. Here are 6 former boomtowns that still have a long road ahead.
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Judge signifcantly reduces PHH mortgage settlement

PHH previously had to pay $16M to Phillip Linza
Brena Swanson
In a significant change of events and in favor of PHH, a California judge sharply reduced the damages awarded by a jury in a case involving a complaint against the Mount Laurel mortgage firm.
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Zillow: Millions of potential houses lost to "doubling up"

But there is a silver lining
Brena Swanson
“The rise in doubled-up households is a troubling sign of the times and starkly illustrates one of the prime drivers behind weak home sales these days,” said Zillow Chief Economist Stan Humphries. But there is a silver lining behind the data.
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California foreclosures hit lowest level in eight years

Keeps heading down
Brena Swanson
Lending institutions initiated formal foreclosure proceedings last quarter on the lowest number of California homes in more than eight years. Will it last?
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Here are the 14 most outrageously expensive neighborhoods for renters

Markets where you'll spend more than half your income on living
Brena Swanson
Owning a home is becoming more affordable, while renting is becoming more expensive than ever, especially in these 14 neighborhoods.
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Chinese investors remain an X Factor for the US housing market

So what does this mean for homeowners and buyers?
Richard Green

A wealthy buyer from China can look at even the most expensive California markets like San Marino and think, “I can get a lot of house there without spending a lot of money.”


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