What should you do if your Realtor has a family emergency?

What should you do if your Realtor has a family emergency?

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Trending Thursday: Fed chills on Great Fall of China?

Plus bringing private capital back to Fannie, Freddie and more

RealtyTrac: Share of in-foreclosure sales hits 15-year low

Cash sales hit 8-year low
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Items Tagged with 'PIMCO'

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HSBC facing $34 billion mortgage debt lawsuit

BlackRock, PIMCO, others proceed as plaintiffs
According to the Reuters, the judge dismissed some claims, including for negligence and negligent misrepresentation. She also gave the plaintiffs 30 days to amend their complaints, and scheduled a June 24 conference. Looks like this is going to happen.
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Ocwen fires back at “disingenuous” charges of negligence

Accuses mortgage bond investors of being "pro-foreclosure"
Ocwen Financial is doubling down in its fight against a group of mortgage bond investors that accused the nonbank of failing to properly collect payments on mortgage loans and breaching its bond covenants, charging the investors, which include BlackRock, MetLife, and PIMCO, of having a “pro-foreclosure, anti-modification” agenda.
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BlackRock discloses ownership stake in Altisource

Mortgage bond investor also reportedly threatening to sue Ocwen
A Monday filing with the Securities and Exchange Commission shows that BlackRock is more than an interested party in the mortgage-backed securities whose loans are serviced by Ocwen and its affiliates. BlackRock also owns a substantial stake in Altisource Residential.
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Ocwen: Mortgage bond investors mislead public, push foreclosures

Fires back at “baseless, groundless” charges of mortgage payment negligence
Ocwen fired back at claims of mortgage payment negligence, saying that the mortgage bond investors that accused it of failing in its duties as servicer have ulterior motives. “Your letter obscures the ultimate objective of your investor clients: to stop servicers from modifying loans and force them to foreclose on and evict as many struggling homeowners as quickly as possible,” Ocwen said in response.
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Ocwen sued by investors for mortgage payment negligence

Preparing to sue embattled nonbank
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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Bond guru Bill Gross suddenly bolts PIMCO for Janus

Leaves SEC investigation behind?
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
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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