Zillow plans event to “hack” housing

Zillow plans event to “hack” housing

Offers $10,000 prize for creative solutions to jumpstart market

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Mega banks will pay $35.7 million total

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Items Tagged with 'PIMCO'

ARTICLES

Ocwen sued by investors for mortgage payment negligence

Preparing to sue embattled nonbank
Ben Lane
Some of the country’s biggest mortgage bond investors, reportedly including BlackRock, MetLife, and Pimco, are preparing to sue Ocwen, saying that the beleaguered nonbank failed to properly collect payments on $82 billion of home loans.
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Ocwen volatile over concerns company could lose existing servicing

Sterne Agee: Continues to rate OCN neutral
Trey Garrison
Ocwen's stock has been volatile but Sterne Agee continues to rate the company neutral despite investor concerns. Here are the details.
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Here’s how much money PIMCO executives made last year

It’s much higher than estimated
Brena Swanson
How much top executives at Pacific Investment Management Co., better known as PIMCO, earn continues to fascinate Wall Street. And now that the industry has answers, the results are a lot more surprising than expected.
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Bond guru Bill Gross suddenly bolts PIMCO for Janus

Leaves SEC investigation behind?
Jacob Gaffney
Bill Gross is a legend in bond trading, as one of three co-founders of PIMCO, the largest global bond broker/dealer. He leaves to join Janus amid reports of an SEC investigation concerning bond platforms he managed at PIMCO and rumors that his behavior had become "erratic" and that he was to be fired imminently.
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BlackRock, Pimco sue Wells Fargo, Citi, others over mortgage bonds

Allege that trustees should have forced banks to buy back toxic loans
Ben Lane
BlackRock and Pimco are leading a group of investors who have filed suit against six of the largest mortgage bond trustees, alleging that the trustees failed to properly administer the mortgage trusts by not forcing mortgage lenders to repurchase toxic loans.
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Treasury yield squeeze suggests interest rates to stay low

Fed will keep thumb on the scale
Despite the Federal Reserve’s near zero interest rate policy, most in the housing industry expected interest rates and therefore mortgage rates would be going up in 2014.
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PIMCO expects U.S. economy to grow 2.5-3% in 2014

Biggest risk for growth? Ongoing tapering
Ben Lane
PIMCO’s recently released cyclical outlook for the Americas is forecasting growth in the U.S. economy of 2.5-3% in 2014.
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PIMCO cuts mortgage-backed securities holdings

Moving to investments outside the U.S.
Jacob Gaffney
PIMCO, the world's largest bond fund, is moving away from its investments in mortgage-backed securities and U.S. government-related holdings. Why would it change strategy?
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Major news out of PIMCO as Mohamed El-Erian resigns from CEO post

El-Erian leaves major hole to fill
Brena Swanson
PIMCO CEO and Co-Chief Investment Officer Mohamed El-Erian is resigning in a move that is likely to shake-up the investor community given his stature.
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BlackRock, PIMCO set to push for BofA mortgage deal

HousingWire Staff
Closing arguments begin today from an investor group including BlackRock Inc. (BLK) and Pacific Investment Management Co. over a proposed $8.5 billion settlement with Bank of America (BAC) involving legacy Countrywide mortgage bonds.
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