Trade secrets: The 5 hottest stories on HousingWire this week

This is what everyone is talking about – don’t get left out

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.  

Read the full story here.

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. 

Hard to argue considering that rates are at the lowest in 2014, and yet sales have stalled out in all but the highest priced segments.

Some of Wall Street’s most vocal investors are betting against housing, saying the recovery has fizzled out.

Read the full story here.

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.

Read the full story here.

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.

Read the full story here.

5) Wells Fargo settles another robosigning lawsuit

Like a flashback from 2010, Wells Fargo (WFC) settled another lawsuit in relation to alleged robosigning activity at the big bank.

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.

Read the full story here.

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.

Read the full story here.

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