Here are the stories trending for the week, the ones most read and talked about by leaders in the housing finance industry.
1) The top 10 markets for luxury homes
One market segment is reporting record growth even as sales are fizzling out, Redfin reports.
Sales of the priciest 1% of homes are up 21.1% so far this year. This follows a gain of 35.7% in 2013.
Meanwhile, on the other side of the bridge, home sales in the remaining 99% of the market have fallen 7.6% in 2014.
2) Why big investors are betting against the housing market
The big names on Wall Street who focus on housing agree that whatever recovery was going isn’t going anymore, and that they’re betting against housing.
Some of Wall Street’s most vocal investors are betting against housing, saying the recovery has fizzled out.
3) 5 things you must know about housing for the rest of 2014
The future of housing for 2014 looks a lot different – and a lot darker – than it did at the start of the year.
So here are five things to know about housing and where it’s going for the rest of 2014.
4) Moody’s warns on Green Street after servicing failures
Investors: When the Office of Mortgage Settlement Oversight released its latest compliance report, the news wasn’t good for Green Tree Servicing. Green Tree failed eight of the settlement’s 29 metrics for mortgage servicing.
5) Wells Fargo settles another robosigning lawsuit
This time, as opposed to a national settlement from Attorneys General, this $67 million settlement resolves a lawsuit brought by shareholders against the Wells Fargo board of directors.
Bonus: The most epic Twitter war ever
David Stevens, CEO at the Mortgage Bankers Association, and Josh Rosner, a well-known analyst at Graham, Fisher & Co., got into on Twitter over data related to mortgage denial rates to black borrowers, and it just got amazing.