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Updated: 2 min 43 sec ago
Detroit didn’t stumble into the foreclosure mess by itself, so it shouldn't be left to recover all on its own. So who is to blame? The government and lenders, but not the borrowers, according to an opinion piece in the Detroit News.
Fraudsters are preying on low-income families who are seeking government-subsidized housing, setting up websites and help lines to get personal information and phony fees and rent deposits. It's ugly.
This year is already halfway over, and according to a new market report from Clear Capital, the rest of the year doesn't not look too bright. "With a first full look of the spring buying season and six-month update to the forecast, our data through June confirms our initial projection that 2015 would be a non-growth year," said Alex Villacorta, vice president of research and analytics at Clear Capital.
In early June, Consumer Financial Protection Bureau Director Richard Cordray issued a decision in the first appeal of an agency administrative enforcement proceeding against a mortgage lender, and a deeper look shows how the regulator will proceed with such actions.
Americans' daily self-reports of spending averaged $90 for the month of June, essentially unchanged from the previous two months, despite the surge in homebuying brought on by worries about rising interest rates. Here's what's happening.
Between traditional and HARP programs, approximately 6.5 million borrowers could likely both qualify for and benefit from refinancing, according to the latest Black Knight Financial Services Mortgage Monitor Report. Want to know more?
Going into the second half of 2015, where is the housing recovery, and is it strong enough to deal with what many say is still an inevitable rate hike? Plus a look at price growth, agency MBS, the latest turn in FannieGate, and more. Read on.
One source told HousingWire that MSW — a Georgia-based law firm that made national headlines last year when the firm sued its former managing partner for allegedly embezzling $30 million from the firm’s accounts and the accounts of the firm’s subsidiary, LandCastle Title — has not yet filed bankruptcy, perhaps due to the looming July 4th holiday, but the source expects the firm to file as early as Monday.
Despite finding a mummified corpse of the homeowner in a Lake District Victorian house for sale in San Francisco, the house still received a $1 million bid.
One of Hollywood’s most famous martial arts-trained actors, Jean-Claude Van Damme, put his beautiful seaside mansion in Marina Del Rey up for sale for $9.9 million.
The Securities and Exchange Commission fined a Connecticut-based hedge fund advisory firm for fraudulently inflating the prices of residential mortgage-backed securities in hedge fund portfolios it managed.
The last thing a first-time homebuyer wants to do is mess the entire homebuying process by doing one of these common mistakes. Here are mistakes 8 things that could ruin the homebuying process.
If you liked the NSA spying on innocent Americans, you’ll love what the CFPB is up to. Plus, is the mortgage industry ready for the coming surge of minority homebuyers, Dodd-Frank is turning five this month, and more.
Mortgage rates increased to new 2015 highs moving into the holiday weekend, with the 30-year, fixed-rate mortgage averaging 4.08% for the week ended July 2. Here's why.
The adjustable rate mortgage share of mortgage applications reached its 2015 high at 7% in late June, and as interest rates rise there's more ground for ARMs to make up.
On the surface the employment numbers for June look positive, but even a cursory glance below the headline shows that the unemployment rate only ticked down because of yet more dropping out of the workforce. Meanwhile, wage growth was flat. Want to know more?
Just under a quarter – that is 24.6% – of all single family home and condo sales in May were all-cash purchases, down from 28.5% in the previous month and down from 30.4% a year ago. Distressed sales are drying up. Want to know more?
A filing with the Securities and Exchange Commission revealed that Point72 Asset Management and its founder, billionaire Steven Cohen, own more than 5% of Nationstar Mortgage Holdings.
There is a drought in the market when it comes to recruiting Millennial loan officers. In an interview with HousingWire, Casey Cunningham CEO at XINNIX, explained how to show the next generation the way into the mortgage industry.
No one has ever argued that living in New York isn’t an expensive proposition, but a new report shows just how expensive it is to live in New York’s priciest borough. According to data from Douglas Elliman, it’s never been more expensive to live in Manhattan than it is right now.