Ambac Financial Group may benefit from something in Bank of America’s 10-K filing posted Tuesday evening regarding its plans to pay for representation and warranty breeches. …read more
Monthly Archives:: February 2014
FORBES ASIA’s CEO Celebrates 15 Years At the Helm – Forbes
ForbesWe are also extending the Forbes brand into nonmedia areas through licensing partnerships in education and real estate to establish Forbes-branded towers and soon business clubs. I am excited to be a part of Forbes’ evolution to what we are calling a … …read more
Lawsky letter condemns alleged Ocwen conflicts
The “regulator with zeal” heading New York’s Department of Financial Services says Ocwen Financial has a “number of potential conflicts of interest” with other public companies it’s dealing with, and he wants his questions answered. …read more
You won’t believe how Cordray refers to the CFPB in this speech
The head of the Consumer Finance Protection Bureau declared that the CFPB is a “regime (that) will govern the mortgage servicing market – including both the banks and their nonbank competitors – in perpetuity.” Awesome. …read more
Moody’s sends warning to Ocwen, Nationstar and Walter
As regulators try to limit the amount of growth at those firms, they may expand lending operations. That could lead to a negative impact on the credit ratings of the firm, Moody’s said. …read more
Do you know why buying a home is cheaper than renting?
Buying costs less than renting in all 100 large U.S. metros, according to the Rent vs. Buy Report from Trulia. …read more
Source code for Trojan mobile banking app for sale on black market
Are you reading this on your phone? You might want to give this blog a read as threats of potential hackers heighten. …read more
The myth of real estate and economic mobility: Americans face lowest geographic mobility in over two generations. Is staying put the new American Dream?
By drhousingbubble Americans like to believe that they are movers and shakers and will follow the opportunity wherever it may be. The idea of selling your home and moving across the country for a great new job opportunity seems to be a common notion of how things happen. However the data shows us a very […]
Morgan Stanley offers $275M to absolve bad mortgage bonds
Morgan Stanley is finalizing a $275 million agreement with the U.S. Securities and Exchange Commission to settle the SEC probe into the bank’s subprime mortgage bond trades going back to 2007. …read more
The 10 safest suburbs in America
Low rates of violent crime, property crime, and the chances of being a victim of a crime make these suburbs a safe bet. …read more
N.J., Penn. home prices edge up, Delaware drops
The purchase-only house price index increased in New Jersey, Pennsylvania, and the nation and decreased in Delaware from the third quarter to the fourth in 2013, according to the Federal Reserve Bank of Philadelphia. …read more
NJ, PA home prices edge up, Delaware drops
The purchase-only house price index increased in New Jersey, Pennsylvania, and the nation and decreased in Delaware from the third quarter to the fourth in 2013, according to the Federal Reserve Bank of Philadelphia. …read more
NJ, PA home prices edge up, Delware drops
The purchase-only house price index increased in New Jersey, Pennsylvania, and the nation and decreased in Delaware from the third quarter to the fourth in 2013, according to the Federal Reserve Bank of Philadelphia. …read more
Here’s why new home sales jumped in January
Home sales jumped 9.6% on a monthly basis in January from December, but just 1.2% on a three-month rolling average. …read more
Bank earnings are booming, but there’s a big problem
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corp. posted the 17th straight quarterly increase since 2009 due to an $8.1 billion decline in loan-loss provisions. However, the industry is not through the storm just yet, with several factors still inhibiting progress. …read more
Bank earnings are booming but there’s a big problem
Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation posted the 17th straight year-over-year increase due to an $8.1 billion decline in loan-loss provisions. However, the industry is not through the storm just yet, with several factors still inhibiting progress. …read more
Despite strong year, Lowes remains cautious in 2014
Home improvement store Lowes witnessed a strong year and posted net earnings of $306 million for the fourth quarter. But despite the improvement, recent slowdown in both housing activity and jobs growth keeps the company cautious. …read more
Mortgage apps drop to two-decade low
Mortgage applications fell 8.5% from a week prior continuing its downward trend for the week ended Feb. 21, as purchase activity failed to meet market expectations. …read more
4 game changers for selling homes this tax season
Home sales and construction permits are up, which paints a strong picture for another housing push. But another pivotal factor is at play that could help put American’s into homes. …read more
FDIC Shared Loss Agreements Did NOT Pay Off Your Loan (No Matter What AZ Court Seems to Think)
By Mandelman Some urban myths just will not die. Remember Stella Liebeck? She won $2.7 million from suing McDonald’s in 1994, after spilling a cup of coffee in her lap and suffering third-degree burns. It’s a story that became the rallying cry for tort reform and led to an HBO documentary, “Hot Coffee,” which featured […]
FDIC Shared Loss Agreements Did NOT Pay Off 80% Your Loan (No Matter What the AZ Court of Appeals Seems to Think)
By Mandelman Some urban myths just will not die. Remember Stella Liebeck? She won $2.7 million from suing McDonald’s in 1994, after spilling a cup of coffee in her lap and suffering third-degree burns. It’s a story that became the rallying cry for tort reform and led to an HBO documentary, “Hot Coffee,” which featured […]
Vietnam’s Market Emerging Again With Vietnam Opportunity Fund’s Andy Ho – Forbes
Vietnam’s Market Emerging Again With Vietnam Opportunity Fund’s Andy HoForbes… be aware they may need to register for the website again (possibly with a different e-mail address) as the Forbes site was recently hacked as explained here: http://www.forbes.com/sites/andygreenberg/2014/02/20/how-the-syrian-electronic-army-hacked … …read more
Introducing PeerSpace, An Airbnb For Small Businesses – Forbes
Introducing PeerSpace, An Airbnb For Small BusinessesForbesIts founders, Rony Chammas and Matt Bendett, hope it can be the B2B equivalent of Airbnb — and believe it might even be a palliative for the real estate crunch that the tech boom has inflicted on San Francisco, where they’re based. CEO Rony Chammas … and more …read […]
Clear Capital reduces staff
Mortgage data and analytics provider Clear Capital is reducing its staff as it phases out a legacy valuation system. …read more
Clear Capital lays off around 100 staffers
Mortgage data and analytics provider Clear Capital is reducing its staff by around 100 employees as it phases out a legacy valuation system. …read more