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Updated: 2 min 58 sec ago
Goldman Sachs Group was next on the earnings calendar, with its third-quarter net income surging 48% and posting the first revenue gain in over a year.
The federal judge overseeing the Fairholme Fund’s lawsuit against Treasury has denied former Fannie Mae CFO J. Tim Howard admission as an expert to view the material from discovery.
A Missouri couple isn’t happy with the bunch of Flagler County, Florida surveyors and homebuilders who constructed their $680,000 dream, beachfront home. The home is fine, it's just in the wrong place.
As more regulators pile the lawsuits on firms, the chances of overlapping investigations quickly escalates, which could disrupt regulatory probes and lead to unnecessary lawsuits.
“While there was a dip this month, builders are still positive about the housing market. After the HMI posted a nine-year high in September, it’s not surprising to see the number drop in October,” said National Association of Home Builders Chief Economist David Crowe.
Jobless claims for the week ended Oct. 11 printed at 264,000, a drop of 23,000 from the previous week’s revised level of 287,000. This is the lowest level for initial claims since April 15, 2000.
The classification of the homeowner debt cancelled during a short sale as income allows the IRS to levy a hefty tax bill against Americans who were unable to pay their mortgage, thus burying them in further debt and making the use of the short sale transaction prohibitive.
Mortgage rates continued to drop, falling to new yearly lows as the 30-year fixed-rate mortgage hit its lowest level since June 20, 2013. This was also the last time the 30-year FRM averaged below 4%.
While many argue that higher g-fees are necessary to entice more private capital into the mortgage market, Mark Zandi, Chief Economist at Moody’s Analytics, believes this is a stretch.
Fifth Third Bancorp on Thursday reported third quarter 2014 net income of $340 million versus net income of $439 million in the second quarter of 2014 and $421 million in the third quarter of 2013.
Foreclosure filings, including default notices, scheduled auctions and bank repossessions, were reported on 317,171 U.S. properties in the third quarter. According to Daren Blomquist, vice president at RealtyTrac, this rise in foreclosures foreshadows a new trend.
According to the company, On Q Financial’s new program includes solutions for self-employed or recently retired borrowers, individuals with a short credit history or flawed credit from a past short sale or foreclosure.
Deephaven Mortgage and Värde Partners have announced that the two companies have entered into a purchase agreement, “under which certain affiliates of Värde will acquire Deephaven Mortgage,” the companies stated in a release.
The Indianapolis Business Journal published an article on Wednesday asserting that Stonegate Mortgage Corporation Founder and CEO Jim Cutillo did not earn a degree from Indiana University as the company has claimed. The problem: Cutillo never said he graduated from IU or anywhere else.
"A homecoming for these heroes is something to be celebrated. Sadly, as we continue to recover from the largest economic downturn in generations, many of our veterans face homelessness, health care complications and high unemployment rates," Mortgage Bankers Association President and CEO David Stevens said.
“Ending housing discrimination is at the core of HUD’s mission and it takes dedicated people on the ground to address it,” said HUD Secretary Julián Castro. “These funds support community-based organizations that do great work every day on the front lines in the fight for fairness and equality in our nation’s housing market.”
Reports from the twelve Federal Reserve districts generally described modest to moderate economic growth at a pace similar to that noted in the previous Beige Book.
It’s deadly serious and yet the butt of many jokes, including hazmat Halloween costumes and vandal graffiti.
As Americans slowly rebuild their finances in the aftermath of the financial crisis, debt collectors are lurking around asking for money that borrowers unknowingly still owe.
Nationwide Appraisal Services is expanding into the U.S., entering the $1.3 trillion mortgage marketplace through the acquisition of the majority interest in InHouse.