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Updated: 50 min 51 sec ago
Home prices rebounded at annual rates of more than 10% in 2012 and 2013 according to most popular measures of home price appreciation, buoyed by a lack of supply and a large number of cash buyers, Kroll Bond Ratings reports.
JPMorgan Chase must face a class action lawsuit by investors who claimed the bank misled them about the safety of $10 billion of mortgage-backed securities it sold before the financial crisis
Construction spending fell 0.8% in August to a seasonally adjusted annual rate of $961 billion, well below analyst expectations and below the July printing of $968.8 billion, the Census Bureau said.
ADP's estimate for private payroll growth for September is 213,000 jobs created.
Mortgage application activity for the week ending Sept. 26 was fell 0.2% on a seasonally adjusted basis, according to the Mortgage Bankers Association.
Trulia Chief Economist Jed Kolko says that despite the current deceleration in home prices worrying some, and claims from others that home prices are too high, home prices nationally are actually 3% undervalued in the third quarter of 2014.
The decision arrives more than a year after hedge fund Perry Capital sued the Treasury Department and the Federal Housing Finance Agency, which oversees the government-owned mortgage companies.
In the new role, Shackelford will be responsible for the successful growth of both local and national client opportunities and brand recognition for the company.
According to a report from CNN Money, the bank will be giving a raise to 17% of its 66 employees this week to raise their salaries to a level that’s at least double the minimum wage for the state of Florida.
Mortgage Contracting Services is acquiring CoreLogic’s Collateral Solutions and Field Services business units.
Editor's Note: An earlier version of this email incorrectly claimed Concentric Equity Partners lacked involvement in the deal. In fact, Concentric owns MCS. Please be advised the article itself was never in error.
Within hours of the deal's announcement, the law firms of Johnson & Weaver, Rigrodsky & Long, Powers Taylor, and Levi & Korsinsky all announced investigations into whether Move breached its fiduciary responsibility to its shareholders by accepting $21 per share in the sale to News Corp instead of a higher valuation.
As has been extensively documented, Millennials face an uphill battle in homebuying owing to everything from higher unemployment rates and student debt to affordability challenges.
Sheek, who was named one of North Carolina's Super Lawyers in 2013, brings eight years of experience representing mortgage servicers in various bankruptcy cases.
“Since founding this company in 1989 my goal has been twofold; to create a central location where industry professionals can go for fast, reliable answers and to provide a cost-effective method of information management for all industry participants,” said Glenn Ford, founder and CEO of AllRegs.
It looks as though Bank of America is ready to push past Benjamin Lawsky’s supposed freeze of the legacy MSR market with a transfer of legacy MSRs to Select Portfolio Servicing, according to a note from Moody’s Investors Service.
Affordability issues; looming interest rate hikes as have been predicted by Federal Reserve Chairman Janet Yellen; too many FHA loans being made (this is the “new” sub-prime market); federal emphasis being placed on low-income borrowers, and other factors are causing house prices to decline once again in many markets.
Well, in the aftermath of yesterday's data which beyond a reasonable doubt showed that the Chinese housing bubble has burst, we can now report that the "flashing red" market that is San Francisco was just smacked by a "double whammy" perfect storm.
Members of the National Association of Realtors expect home prices to increase modestly in the next 12 months, with the median expected price increase at 3.5%, according to data gathered from the August 2014 Realtor Confidence Index Survey.
Zillow and Trulia are selling off after news broke that rival MOVE is being sold to News Corp for $950 million — proof that the battle for real estate listings traffic just kicked into high gear.
Under the terms of the acquisition agreement, which was announced on Tuesday, News Corp will acquire all of Move’s outstanding shares for $21 per share. According to a release from News Corp, that price represents a premium of 37% over Move’s closing stock price on September 29.