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Updated: 49 min 19 sec ago

Zillow: Top 10 cities where you should rent out your home

Fri, 08/15/2014 - 09:45
Homeowners are faced with two options when they decide to move up the property ladder: sell the old home or rent it out. If you live in Oklahoma, you might want to check this list before putting your home back on the market.

5 things to consider for TILA-RESPA implementation planning

Fri, 08/15/2014 - 00:00

Almost like the terror of waking up that one morning in grade school thinking “Oh man, that science fair project is due today!”  But don’t get that migraine just yet, you’ve got the next four weeks to hash this out.  

Carrington joins Gary Sinise to build homes for wounded veterans

Thu, 08/14/2014 - 17:29
“Each project is a tremendous undertaking involving custom construction and cutting edge technologies tailored to the needs of these wounded service members and with the excellent Carrington team, we'll continue to restore independence and improve the lives of these American heroes and their families," Gary Sinise said.

ALFN promotes Matt Bartel to president and CEO

Thu, 08/14/2014 - 15:47
Bartel was previously the association’s chief operating officer has been with the organization since 2002. Bartel’s appointment took effect on July 20.

How much house does 1 share of Berkshire Hathaway buy?

Thu, 08/14/2014 - 15:45
With Berkshire’s stock breaking the $200,000 barrier, it got us thinking. How much would one share of Berkshire Hathaway buy out there in the real world? Using the latest data from the National Association of Realtors, we did a little math. And as it turns out, one share of Berkshire Hathaway buys quite a lot.

Stated income loans to offset mortgage declines

Thu, 08/14/2014 - 15:32
Stated income loans are starting to come back into the market as lenders try to boost business. But this time around lenders are putting in extra due dilligence to not repeat the past.

Urban Institute: There is an art to G-fee increases

Thu, 08/14/2014 - 15:11
As the Federal Housing Finance Agency continues to seek input on guarantee fees, according to the Urban Institute, the process might not be too easy to conquer.

Outrageous jury award reveals contempt for mortgage lenders

Thu, 08/14/2014 - 15:00
This large judgment that hammers PHH, comes amid concerns regarding potential crackdowns by the Consumer Financial Protection Bureau on servicers who fail to adapt stringent new rules requiring better communication with borrowers who are in default.

Is getting a college degree for a career in real estate a waste of money?

Thu, 08/14/2014 - 14:00
The news isn’t as bad as it may seem for high school graduates. Success and riches can be had without too much difficulty, as long as they pick the right industry.

Wall Street returns to buying risky mortgages?

Thu, 08/14/2014 - 13:26
Due to the constant news following the recovery, an article in Yahoo made the point that when sifting through the financial pages these days, it’s hard to figure out if America is still agonizing over the crisis or wringing hands about the chances for the next one.

Investors eye non-performing loan securitizations

Thu, 08/14/2014 - 12:57
With the housing recovery in full swing, it is now fueling a niche market for newly minted bonds that are backed by the most troubled mortgages of them all: those on homes on the verge of foreclosure.

Wells Fargo ups commissions to spur loan production

Thu, 08/14/2014 - 12:31
Wells Fargo has decided to combat its decreasing loan revenues by increasing the amount of commission it pays to its loan officers. The bank hopes this will stem the decline in its mortgage origination volume.

WATCH: Zillow CEO accepts ice-bucket challenge

Thu, 08/14/2014 - 12:00
The ice-bucket challenge is moving across the nation, with top celebrities and professional athletes jumping on board. The most recent person to join the trend was none other than Zillow’s CEO Spencer Rascoff.

Re/Max Holdings 2Q earnings beat expectations

Thu, 08/14/2014 - 11:13
Re/Max Holdings recorded better-than-expected second-quarter revenue as it continued to grow its pool of real estate agents. The real estate company reported a profit of $4.4 million, or $0.36 a share.

New home applications rise in July

Thu, 08/14/2014 - 11:07
July’s increase recaptured some of June’s decline in new home purchase applications, when applications fell 5% from May’s total.

Freddie Mac: Rates to revisit May 2014 lows?

Thu, 08/14/2014 - 09:00
Mortgage rates dipped slightly for the week ended Aug. 14, reversing any increase made last week. But this might not last too much longer, with several key market reports coming out soon.

Fannie Mae: 80% of lenders won't enter non-QM space

Thu, 08/14/2014 - 07:49
The housing industry had half a year to adjust to the CFPB's new Qualified Mortgage and Ability-to-Repay rules. But has that been enough time?

Foreclosures rise in July, but still down from 2013

Thu, 08/14/2014 - 00:01
Per RealtyTrac’s report, a total of 49,624 U.S. properties started the foreclosure process for the first time in July, which represents a 5% increase from June. But the figure is still down 18% from a year ago, which marks the 24th consecutive month with a year-over-year decrease in U.S. foreclosure starts.

Mortgage lender C1 Bank files for IPO

Wed, 08/13/2014 - 17:34
C1 Financial is set to go public with the launch of its initial public offering on Thursday. The firm offers mortgage lending to clients, among other things. It may also have the first openly gay CEO of a publicly traded company in the Fortune 1000.

Cash sales drop to lowest level since May 2010

Wed, 08/13/2014 - 16:25
May’s cash sales were down from April, when 36.9% of the sales were all-cash, and down from May 2013, when cash sales made up 37.4% of the total home sales, according to a new report from Corelogic.