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In an attempt to avoid a cash crisis, Ocwen Financial Corp. disclosed on Monday that it is currently negotiating with lenders to extend and refinance some of its debt.

If the company is unable to change some of its debt arrangements – particularly ones that are set to amortize this year – it could face a liquidity crunch.

“Due to the significant level of cash requirements related to servicing advances, we may not have sufficient levels of liquidity to fund the operations without our advance financing facilities,” Ocwen said in the filing.

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The National Association of Realtors announced on Thursday that the total number of existing home sales in 2015 is expected to reach the highest level we’ve seen since 2006.

“There is a sizeable pent up demand,” said Lawrence Yun, the NAR’s chief economist.

According to Yun, we should expect to see approximately 5.3 million existing homes sold by the end of this year, which would be a significant jump from 4.9 million in 2014. Additionally, it would be the first time in nearly a decade that the number has surpassed 5.0 million.

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Home prices are on the rise nationwide, an in many metropolitan areas, the median price jumped by 10 percent or more in the first quarter of 2015.

According to the National Association of Realtors (NAR), 51 of the 174 metropolitan statistical areas tracked by NAR saw price gains in the double digits.

“Sales activity to start the year was notably higher than a year ago, as steady hiring and low interest rates encouraged more buyers to enter the market,” Lawrence Yun, NAR chief economist, told Mortgage News Daily. “However, stronger demand without increasing supply led to faster price growth in many markets. Sales could soften slightly in some of these markets seeing sharp price appreciation unless housing supply markedly improves and tempers its unhealthy level of growth.”

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The New York Court of Appeals decided 5-2 on Thursday that a $120 million suit facing Goldman Sachs should move forward.

Goldman Sachs was hit with the suit by ACA Financial Guaranty Corp., which claims the financial corp “lied about a pool of securities backed by subprime mortgages during the period leading up to the financial crisis.”

According to Reuters, Goldman spokesperson Michael DuVally says the firm is disappointed with the decision but “confident that…these contrived claims will fall.”

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The city of Los Angeles is suing Wells Fargo for allegedly committing fraud and taking advantage of its customers, CNBC is reporting.

According to the news site, the court papers filed by the LA city attorney suggest that the bank participated in “unlawful and fraudulent” conduct that was first uncovered by the Los Angeles Times in 2013. As the suit alleges, Wells Fargo employees would open unnecessary accounts and credit lines for unsuspecting customers without their consent – helping sales people to meet their monthly quotas.

“Wells Fargo’s culture is focused on the best interest of its customers and creating a supportive, caring and ethical environment for our team members,” the bank said in a statement. “That includes training, audits and processes that work together to support our Vision & Values and our commitment to customers receiving only the products and services they need and will benefit from.”

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