Bank of America reportedly reaches $17 billion RMBS settlement

KBRA: More smoke than fire in Ocwen’s restated earnings

Cautions that MSR transactions could see more regulatory scrutiny

Truth is, those recent housing numbers aren't so shiny

Housing starts? More like housing stops, amirite?
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Items Tagged with 'Florida'

ARTICLES

Attorneys General sue Tampa firm over mortgages

Florida and Connecticut file lawsuit
Brena Swanson
Both the Florida and Connecticut Attorneys General filed a federal lawsuit against a Tampa firm, alleging it collected at least $4.7 million in illegal upfront fees from distressed homeowners.
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Fannie, Freddie foreclosure inventory hits new peak in Florida

Foreclosures in judicial states dwarf non-judicial states
Ben Lane
According to a new report from the Wall Street Journal, the amount of foreclosure inventory held by Fannie Mae and Freddie Mac in Florida has reached a new high, topping the previous peak which was reached at the height of the foreclosure crisis in 2010.
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Ocwen sends mortgage settlement claim forms to 26,000 in Florida

Residents eligible for $17.8 million of total settlement of $125 million
Ben Lane
“This settlement fund provides Floridians who lost their homes to foreclosure some financial relief for mortgage servicing misconduct and foreclosure abuse,” Florida Attorney General Pam Bondi said.
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Florida records strong May home sales

More listings, higher median prices, increased inventory
Brena Swanson
May was a strong month for Florida, with more new listings, an increase in median prices and an uptick in inventory.
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More bad news for JPMorgan Chase

City of Miami sues bank over predatory lending practices
Ben Lane
Miami becomes the third city in recent weeks to sue a bank for discriminatory lending practices. JPMorgan Chase is now facing lawsuits from both Los Angeles and Miami.
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Clear Capital: Highest and lowest performing major housing markets

Home prices forecasted to stabilize
Brena Swanson
Home prices are forecasted to stabilize into a sub 5% annual growth range by year’s, chugging through the rest of the year. What's more, here are the highest and lowest performing metro markets today.
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The top and bottom 5 markets for housing recovery

CoreLogic: Completed foreclosures hit record low, but where?
Brena Swanson
The numbers are in and completed foreclosures are at the lowest level since the Great Depression. So which states came out on top and bottom for the most completed foreclosures?
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Florida housing recovery presses on

Higher prices, more listing, rise in inventory
Brena Swanson
"The numbers all suggest a balanced market (in Florida), and the slight uptick in inventory is a correction for the historically low levels we've seen over the past two or three years,” said Florida Realtors chief economist John Tuccillo.
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Monday Morning Cup of Coffee: JPMorgan CEO tells all; Housing recovery divided

Thousands of homeowners receive pleasant financial surprise
Brena Swanson
JPMorgan Chase CEO shed more light on the tough year for the mega bank, and how much the past year truly impacted the bank. Meanwhile, the housing recovery tells a much different story depending on where in the country you are looking.
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Wall Street: Home price appreciation still expected to hit 7%

And other housing insights from Morgan Stanley and Barclays
Ben Lane
“We continue to expect home price appreciation to moderate from the torrid pace of mid-2012-13, supported by improving employment and growth prospects,” said analysts from Morgan Stanley. “We leave our 2014 projections for new home sales (450-500 thousand units) and home prices (up 5-7% for the year) unchanged.”
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