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 'California'

ARTICLES

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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Zillow: Top 10 markets to buy and sell your home now

California takes over one list
Brena Swanson
Now that the pace of home price appreciation is finally starting to slow, it is easier to see the truth behind which local markets favor either buyers or sellers. Zillow compiled a list of the top ten buyer and seller markets, with the West Coast dominating one list.
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3 reasons why California housing is about to go bust

The money is drying up
California is perhaps one of the most important states in mortgage finance. So much of the mortgage finance world is based in California and, like Texas, the industry is a huge source of employment for workers of varying levels of education. But, trouble could be brewing.
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