Activist investors critique Zillow, Trulia deal

Activist investors critique Zillow, Trulia deal

Valuations skyrocket while earnings expectations have fallen

CoreLogic: Foreclosure inventory tumbles 35%

But don't celebrate just yet

4 factors weighing down housing in the second half of 2014

Will housing collapse?

Items Tagged with 'Securities and Exchange Commission'


Morgan Stanley finally pays $275 million for subprime RMBS fraud

SEC charged company with misrepresenting loans
July 24, 2014
The SEC had charged Morgan Stanley with misrepresenting the delinquency status of mortgage loans underlying two subprime RMBSs at the height of the financial crisis. They were the last subprime RMBSs that Morgan Stanley sponsored, issued, and underwrote.
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SEC investigates Carrington deal with New Century Financial

June 18, 2014
In a flash back to the past, a previous deal between Carrington Holding Company and failed subprime lender New Century Financial is under investigation by the Securities and Exchange Commission.
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Court of Appeals: Judge should not have blocked Citigroup, SEC settlement

Overturns Judge Jed Rakoff's decision to block $285 million RMBS settlement
June 4, 2014
In the ruling, the three-judge panel wrote, “We now hold that the district court abused its discretion by applying an incorrect legal standard in assessing the consent decree and setting a date for trial.”
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SEC charges jailed broker with fraud in real estate scam

April 24, 2014

Vitale allegedly told his investors that their funds were “100% protected” when they were not, and he claimed to be a financial expert with a business degree from Notre Dame. In fact, he never attended college after graduating from Notre Dame High School in West Haven, Conn.

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SEC tells two Wall Street bond traders this isn't Monopoly

Accused of Free Parking
February 4, 2014
Two Wall Street traders are charged with involvement in a “parking” scheme that arranged for one to purchase several securities with the understanding that the other would repurchase them at a profit in order to skirt around company rules.
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SEC charges Western Asset Management for mortgage-related trades

Firm slammed with $21M settlement
January 29, 2014
The California firm’s actions led to an investigation that finally resulted in the Securities and Exchange Commission leveraging charges against Western Asset this week.
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Your student loan is tanking the mortgage market

Rising education debt spells doom for housing
January 21, 2014
Taking out a loan to finance an education is the new American dream. With more citizens needing higher education to get a job, and the price tag on that education going up, the market is now desperately out of whack. The outcome? Mortgages in the U.S. are taking a backseat to student loans.
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JP Morgan earnings summary: only the lawyers win

Bank still dishing out the dollars
January 14, 2014
Looking at JPMorgan’s fourth-quarter and year-end financial statement, it’s clear JPM – among other banks – is still dishing out the dollars to get these issues behind them. But who is the true beneficiary of the settlements and litigation? Homeowners? Future borrowers? Nope. Guess again.
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Investors in PennyMac gain larger stake

Two hedge funds report beneficial ownership to the SEC
January 14, 2014
A group of investors acquired enough of a stake in PennyMac Financial Services to prompt a series of new filings with the Securities and Exchange Commission.
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NY District Court Judge expands class of plaintiffs in RBS MBS securities case

Case involves the RALI and Harborview trusts
December 30, 2013
As banks exposed to mortgage-backed securities litigation try to fight these claims with their sights set on ending long-term exposure, one judge in New York recently gave plaintiffs fighting the Royal Bank of Scotland and other parties over alleged mortgage misrepresentations a green light to expand their class of MBS plaintiffs.
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