Fitch warns Ocwen-related RMBS deals face major downgrade

Fitch warns Ocwen-related RMBS deals face major downgrade

Placed on “Rating Watch Negative”

WATCH: Famous televangelist gives terrible reverse mortgage advice

Let's clear this up for Maria

S&P reportedly close to massive mortgage-bond rating settlement

WSJ: Department of Justice may get billions
W S

Items Tagged with 'Housing'

ARTICLES

CFPB wants more mortgages in "underserved" areas

And here's how they will get it done
Brena Swanson
Right now there are few players in the rural and underserved mortgage lending space. But the Consumer Financial Protection Bureau is now pushing to change that.
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Swanepoel lists the 200 most powerful people in real estate

Zillow, Realogy top the list
Brena Swanson
The list of who's who in residential real estate is here. Names like Glenn Kelman, CEO and president of Redfin, and Dale Stinton, CEO of the National Association of Realtors, can be found amid the list, with the first and second place names coming off as no surprise.
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Freddie Mac: Mortgage rates reverse course, move higher

Still hover around yearly lows
Brena Swanson
Mortgages rate finally reversed course and slightly edged higher. However, despite the increase, rates remain at the lowest levels since May 2013.
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Homeownership hits 20-year low in 4Q14

Level buoyed by delinquencies
Homeownership in the fourth quarter hit a 20-year low. Here's what's happening.
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Pending home sales see second biggest monthly drop since May 2010

NAR thinks it may be time for existing owners to trade up
Trey Garrison
Pending homes sales stalled out in December, the worst monthly drop since May 2010. Here's what happened and what it portends.
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Mortgage applications drop 3.2% after two weeks of strong gains

Refinancings slip 5% for the week
Trey Garrison
Following two weeks of incredibly strong weekly gains, mortgage applications decreased 3.2% from one week earlier. Here’s what happened.
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SIGTARP: Treasury must develop oversight for Blight Elimination Program

6 states take advantage of new Hardest Hit Fund category
Brena Swanson
The Treasury recently created a new category for the Hardest Hit Fund program, marking a significant shift in the Treasury’s approach to the use of HHF funds. While the Special Inspector General for the Troubled Asset Relief Program has raised some questions and concerns, hard-hit states like Michigan appear to be benefitting from it.
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CFPB issues confidential supervisory information bulletin

Non-disclosure agreements can't hinder CFPB oversight
Brena Swanson
The Consumer Financial Protection Bureau reminded the industry just how much power it has on Tuesday, when it issued a bulletin to supervised financial institutions, including nonbank companies, reviewing regulations about the treatment of confidential supervisory information.
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Fannie Mae: Collateral Underwriter not disrupting appraisals

Appraisers need to see it in action
Brena Swanson
Before appraisers decide to shoot down any positive side to Fannie Mae’s Collateral Underwriter, Fannie said that they need to see it in action. In an exclusive interview with HousingWire, the enterprise explains its true goals behind the launch and how they will benefit the industry.
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S&P Case-Shiller: Is housing ready for spring home-buying season?

“Housing recovery barely on first base”
Brena Swanson
The spring home-buying season is just a couple months away. Due to the latest report on the continued slow down in home-price growth, S&P Case-Shiller believes the market isn’t ready. However, not all economists agree, with at least one giving 2015 a strong forecast.
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