Ben Lane

Ben Lane

Ben Lane is the Editor for HousingWire. In this role, he helps set a leading pace for news coverage spanning the issues driving the U.S. housing economy and helps guide HousingWire's overall direction. Previously, he worked for TownSquareBuzz, a hyper-local news service. He is a graduate of University of North Texas.

ARTICLES

  • More homebuilder consolidation: Century Communities buys Wade Jurney Homes

    Deal creates nation’s 10th largest homebuilder
    The consolidation of the homebuilding industry continues. Last week, Taylor Morrison announced that it is acquiring fellow homebuilder AV Homes in a deal valued at nearly $1 billion. Next up is Century Communities, which announced Friday that it is acquired the remaining 50% of Wade Jurney Homes in a deal that creates the nation’s 10th largest homebuilder.
    Read More
  • Court finally approves Wells Fargo’s $142 million fake account class action settlement

    It’s finally final
    A federal court has finally given final approval to Wells Fargo’s $142 million class action settlement for the bank’s customers who had a fake account opened in their name. The final approval comes nearly a year after the settlement received preliminary approval by the judge overseeing the lawsuit, and more than a year after the settlement was first announced.
    Read More
  • Equifax taps former IBM executive Bryson Koehler to lead technology efforts

    Will serve as chief technology officer
    Equifax is continuing to reshape its leadership in the wake of the massive data breach that exposed the personal information of nearly 148 million U.S. consumers to hackers. Back in February, Equifax added a new chief information security officer, replacing one of the executives who left after the breach. Now, the company is adding another executive to help move the company forward.
    Read More
  • Opendoor raises $325 million, plans nationwide expansion

    Direct homebuyer plots expansion into 50 markets by 2020
    One of the biggest players in the growing direct homebuyer segment is about to get much, much bigger. Opendoor, an online marketplace that buys homes directly from homeowners, announced Wednesday that it secured $325 million in new funding and is planning a nationwide expansion of its homebuying platform.
    Read More
  • Merrill Lynch ordered to pay $15.7M for cheating customers in mortgage bond trades

    SEC orders company to pay up for misleading customers
    Merrill Lynch will pay $15.7 million to settle allegations that its employees misled mortgage bond customers and overcharged those customers residential mortgage-backed securities trades during a three-year period from 2009 through 2012, the Securities and Exchange Commission announced this week.
    Read More
  • Exclusive: Jerry Halbrook out as CEO of Lender Price

    Mortgage industry veteran resigning after less than one year
    Lender Price is about to be in the market for a new CEO, as sources close to the situation tell HousingWire that Jerry Halbrook is set to leave the company later this week amid a disagreement with the company’s founders and board about the direction and future of the company.
    Read More
  • Plaza Home Mortgage promotes Michael Fontaine to chief operating officer

    Also serves as chief financial officer
    Plaza Home Mortgage, a full-service national lender that offers wholesale, correspondent, renovation, and reverse mortgages, announced this week that it promoted Michael Fontaine to serve as the company’s chief operating officer. Fontaine previously served as Plaza’s chief financial officer and will maintain that role going forward in addition to his newly added responsibilities as COO.
    Read More
  • China Oceanwide’s $2.7 billion acquisition of Genworth Financial clears one big hurdle

    Receives approval from Treasury Department’s Committee on Foreign Investment
    China Oceanwide Holdings Group’s $2.7 billion acquisition of Genworth Financial, one of the U.S.’s largest mortgage insurers, is now one step closer to fruition, as a governmental inter-agency committee that oversees foreign investment in the U.S. has cleared the deal.
    Read More
  • Feds arrest dozens in sweeping action against hackers targeting wire transfers

    Including those targeting real estate transactions
    The federal government announced Monday that it conducted a massive sweep and arrested nearly 75 people who allegedly participated in schemes designed to intercept and hijack wire transfers from businesses and individuals, including those involving real estate transactions. The operation also resulted in the seizure of nearly $2.4 million, and the disruption and recovery of approximately $14 million in fraudulent wire transfers.
    Read More
  • It’s over: CFPB abandons PHH case

    Ends three-year battle
    The three-year battle is now over. The Consumer Financial Protection Bureau moved Thursday to dismiss its case against PHH, a remarkable turnaround that crystallizes the differences between former CFPB Director Richard Cordray and current Acting Director Mick Mulvaney.
    Read More