Altisource To Acquire Equator For About $70 Million
Altisource Portfolio Solutions, offering marketplace and transaction solutions to the real estate, mortgage and consumer debt industries, has entered into a definitive agreement...
MBA: Application Volume Fell 4.6% Last Week, Refinancings Down 8%
Mortgage application volume decreased 4.6% on a seasonally adjusted basis during the week ending Aug. 16, compared to one week earlier, according to...
Census Bureau: New Home Sales Dropped 13.4% In July
U.S. sales of new single-family homes dropped by 13.4% in July compared to June, according to estimates released jointly by the U.S. Census...
FHFA: Home Prices Rose 2.1% In Second Quarter
U.S. home prices rose 2.1% in the second quarter compared to the first quarter - the eighth consecutive quarterly increase - and were...
Mortgage Rates Rise On Fed Tapering News
Mortgage rates jumped to their highest level in two years this week, according to Freddie Mac's Primary Mortgage Market Survey, propelled mainly by...
RealtyTrac Intros Housing Market Recovery Index
RealtyTrac has introduced a new report measuring the housing market recovery by geographic area. According to the firm's Housing Market Recovery Index, as...
Zillow Acquires StreetEasy For About $50 Million
Zillow Inc. is acquiring StreetEasy, a New York City real estate website, for about $50 million in cash. StreetEasy, which launched in 2006,...
Housing Starts Up 5.9% In July
Driven mainly by increased construction of multifamily units, housing starts increased 5.9% in July compared to June on a seasonally adjusted basis and...
NAHB: Builder Confidence Rises For Fourth Consecutive Month
Builder confidence in the market for newly built single-family homes rose for the fourth consecutive month in August, according to the National Association...
DataQuick: Lack Of Inventory Continues To Drive Up Home Prices
U.S. home prices increased more than 13% in July compared to July 2012, according to DataQuick's monthly Property Intelligence Report (PIR). Twenty-five of...
Former BofA Manager Who Was Sued By FHFA Later Joined Freddie Mac
Despite being named in a Federal Housing Finance Agency (FHFA) lawsuit filed in September 2011 for allegedly making 'materially misleading statements' in offering...
Richey May: Private Mortgage Bankers Saw Production Rise 11% In Q2
Overall production among independent mortgage bankers increased 11% from the first quarter to the second quarter, according to Richey May & Co.'s Second...
MBA: Mortgage Application Volume Falls 4.7%
After increasing slightly the week before, mortgage application volume dropped 4.7% last week on an adjusted basis, according to the Mortgage Bankers Association's...
Federal Authorities Investigating Lending Practices At PNC
The Justice Department and the Consumer Financial Protection Bureau (CFPB) are reportedly investigating the mortgage-related practices of PNC Financial Services, including how it...
MBA: New Home Sales Up 14% In July
Mortgage applications for new home purchases increased 14% in July compared to June on an unadjusted basis, according to the Mortgage Bankers Association's...
OIG Report Assesses HARP’s Performance At ‘Midway’ Point
Four years into the program and with two years left to go - providing there are no additional extensions - the Office of...
Clear Capital: Las Vegas Home Prices Up 31.2%
U.S. home prices increased 9.3% from July 2012 to July 2013 and increased 1.6% during the second quarter, according to Clear Capital's Home...
Fannie Mae: Consumers Not Deterred By Rising Mortgage Rates
Government-sponsored enterprise Fannie Mae's July National Housing Survey shows that rising interest rates are not deterring consumers from borrowing for home purchases. The...
Fannie Mae Posts Sixth Consecutive Profitable Quarter
Just a day after mortgage finance company Freddie Mac reported that it raked in $5 billion in the second quarter - the seventh...
Freddie Mac Posts $5 Billion Profit In Second Quarter
Freddie Mac reports that it raked in $5 billion in the second quarter, the seventh straight profitable quarter for the government-sponsored enterprise (GSE)...