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eLynx said that it expects the addition of Medallion to bring valuable expertise in data and settlement services into its “cutting edge document fulfillment, signature and data solutions for the mortgage and consumer industries.”
Goryl will represent KML’s clients at hearings and Sheriff’s sales. Additionally, Goryl will serve as a liaison with housing advocates and counseling agencies in Pennsylvania and oversee the title curative department.
As the wave of resets for home equity lines of credit continues to rise, many homeowners are left with higher monthly mortgage payments. But the industry is divided on the past and future problems that come with HELOCs.
In an exclusive interview with HousingWire, Move CEO Steve Berkowitz shares the details of how the News Corp deal came together, what it will mean for Move and his thoughts on the future of real estate. Berkowitz also said he anticipates the Zillow/Trulia deal to have its issues, which will present another opportunity for Move to grow.
One in every three single-family homes is a rental, lots are shrinking, and one in 10 homes has had a mice or cockroach problem. Homes have fewer physical problems than two years ago. Welcome to American housing.
"With one of the largest pools of available dry powder capital and the broadest alternative investment platform, we are well-positioned to capitalize on the dislocation in asset values created by greater market volatility," Blackstone co-Founder and CEO Stephen Schwarzman said.
A recent report by the Federal Reserve shows that from 2010 to 2013, the inflation-adjusted median home value for all homeowners declined 7%.
DocMagic acquired electronic software solution provider eSignSystems from WAVE Systems. "The acquisition for DocMagic has spectacular timing for electronic mortgage adoption," said Tim Anderson, director of eServices for DocMagic.
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.