Revealed: BlackRock owns considerable stock in housing’s biggest players

Who wins the Super Bowl…of real estate?

Redfin deflates Patriots' homeowners

CFPB wants more mortgages in "underserved" areas

And here's how they will get it done
W S

Investments

Investments

ARTICLES

Revealed: BlackRock owns considerable stock in housing’s biggest players

Owns more than just Altisource
Ben Lane
Altisource is not the only housing stock BlackRock owns. In fact, according to recent filings with the SEC, BlackRock owns a substantial stake in another of Ocwen’s associates, Home Loan Servicing Solutions, as well as considerable interests in CoreLogic and Lowe’s.
Read More

Initial 4Q GDP estimate comes in well below analyst expectations

Almost 50% drop from third quarter’s Obamacare-driven reading
Trey Garrison
Following the third quarter’s upward revised gross domestic product printing at 5%, the GDP for the fourth quarter took a nose-dive. Here's what happened.
Read More

Home Loan Servicing Solutions fires back at mortgage-negligence claims

Ocwen associate answers charges from hedge fund
Ben Lane
Home Loan Servicing Solutions is joining with associate Ocwen Financial, in the fight against investors who claimed that the companies breached their mortgage bond covenants, and is accusing the investors of attempting to profit on their stock holdings in HLSS as opposed to actually caring what happens with the mortgage bonds.
Read More

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.
Read More

RealtyTrac: Best markets for buying rental properties

Best returns, biggest rent jumps and more
Trey Garrison
Where are the best markets for buying single-family rentals in the first quarter of 2015? RealtyTrac has the answer, and then some. Let's dive in.
Read More

Fitch warns Ocwen-related RMBS deals face major downgrade

Placed on “Rating Watch Negative”
Ben Lane
Fitch Ratings is sounding the alarm on residential mortgage-backed securities that contain loans serviced by Ocwen Loan Servicing, an affiliate of Ocwen Financial, telling investors to expect a downgrade on the ratings of Ocwen-related RMBS transactions soon.
Read More

Nomura fighting back against FHFA toxic mortgage lawsuit

Claims U.S. unit “did nothing wrong”
Ben Lane
Nomura Holdings reportedly does not want to settle with the Federal Housing Finance Agency because it claims that its U.S. unit did not knowingly sell bonds backed by fraudulently originated loans to Fannie Mae and Freddie Mac in the run-up to the crisis.
Read More

Mary Matalin to keynote second day of ABS West

Pundit made a splash at BPC's housing summit
Trey Garrison

Magic is in the air as it gets closer to ABS West in Las Vegas, and now the event has announced its second keynote speaker. Here’s what’s what.


Read More

Freddie Mac prices first 2015 STACR risk-sharing deal

Offered first-loss position for first time
Ben Lane
Freddie Mac announced the pricing of its first Structured Agency Credit Risk transaction of 2015, which marked the first time that investors were offered the opportunity to purchase the first-loss position in a risk-sharing deal.
Read More

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

WSJ: Department of Justice may get billions
Ben Lane
Standard & Poor’s is reportedly closing in on a $1.37 billion settlement with the U.S. Department of Justice and more than a dozen states over claims that S&P knowingly misled investors by issuing trumped up ratings for pre-crisis residential mortgage-backed securities.
Read More