U.S. District Judge Victor Marrero in the U.S. District Court for the Southern District of New York ruled that there was no evidence that Goldman knew the securities would fail or that Goldman failed to disclose any known risk to the securities.
Read More »Housing Sentiment Drops Amid Economic Concerns
The index found that 63 percent of respondents indicated that now is a good time to buy a home, up 2 percentage points from last month, while 47 percent said that now is good time to sell a home and 44 percent say it's a bad time.
Read More »Conservatorship Continues Seven Years Later With No End In Sight
While many housing stakeholders and lawmakers agree that the conservatorship needs to end, the issue of the GSEs' future remains a source of contention. Some of the GSEs' biggest investors, such as Fairholme Funds and Pershing Square, have filed lawsuits over the sweeping of GSE profits into Treasury, which began in 2012 when Fannie Mae and Freddie Mac returned to profitability.
Read More »Foreclosure Inventory and Serious Delinquencies Are Down to 2007 Levels
Foreclosure metrics were way down across the board again in July 2015, as pre-sale foreclosure inventory dropped to its lowest level since December 2007 and completed foreclosures were down by nearly 25 percent year-over-year, according to CoreLogic's July 2015 National Foreclosure Report released Tuesday.
Read More »Collingwood Group Hires Former Freddie Mac Executive
The Collingwood Group, a Washington, D.C.-based business advisory firm, announced that Paul Mullings has joined the company as a managing director supporting the firm in business advisory and risk management and compliance practices.
Read More »Mortgage Bankers Believe Real Estate Market Will Favor Sellers in 2016
Just a couple of months before the TRID rule goes into effect, 64 percent of mortgage bankers said they feel knowledgeable of the rule and have the right tools to adjust to the changes. Only 27 percent indicated that they were somewhat ready, while only 9 percent stated that they do not have the tools or knowledge to adapt to the new rules.
Read More »More Than Half of Current HELOCs Facing Payment Shocks Over the Next Two Years
Home equity lines of credit (HELOCs) originated during the housing bubble years of 2005 to 2007 have either reached or will soon reach their 10-year "end of draw" period, at which point borrowers will face a payment shock that may cause delinquency rates among HELOCs to rise substantially.
Read More »In Search of the Next Generation
If the residential valuations industry was a football field, many appraisers would tell you they’re sitting on the 50-yard-line, with no book of plays, no running back, and a star quarterback who is on vacation. Editor's note: This select print feature appeared in the September 2015 issue of DS News.
Read More »Federal Judge Dismisses Two Fraud Lawsuits Against Ocwen
U.S. District Judge William Dimitrouleas in the U.S. District Court, Southern District of Florida, dismissed lawsuits filed by Ocwen Financial shareholders and Altisource Portfolio Solutions shareholders accusing the Atlanta-based servicer of fraud.
Read More »Housing and the Economy Have Returned to a Virtuous, Supportive Cycle
Ask the Economist is an ongoing series in which DS News talks with an economist about the most pressing issues facing the nation's housing industry and the economy. This installment features Jonathan Smoke, Chief Economist with Realtor.com.
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