CoreLogic To Buy DataQuick, MSB For $661 Million
To expand its coverage of the property and casualty insurance industries, CoreLogic has agreed to buy DataQuick Information Systems, DataQuick Lender Solutions and...
Citigroup To Pay Fannie Mae Nearly $1B To Settle Mortgage Claims
Citigroup Inc. has reportedly agreed to pay government-sponsored enterprise (GSE) Fannie Mae $968 million to settle potential future repurchase claims on 3.7 million...
BofA Ships More Mortgage-Related Jobs Overseas
Seeking to reduce operational costs in its appraisal division, Bank of America Corp. (BofA) has reportedly opened a unit in India to review...
Stein: Fed Could Start Wind-Down Of Stimulus Come September
In a speech to the Council on Foreign Relations on Friday, Federal Reserve Gov. Jeremy Stein echoed statements made last week by Chairman...
NAR: Rising Mortgage Rates Boosted Pending Home Sales In May
Pending home sales increased 6.7%, month over month, in May to reach the highest level since late 2006, according to the National Association...
Freddie Mac: Spike In Interest Rates Won’t Slow Recovery
Fixed mortgage rates shot up from 3.93% last week to 4.46% this week, the largest weekly increase since 1987, according to Freddie Mac's...
Study: People With Poor Math Skills More Likely To Default On Their Mortgage
People who stink at math are more likely to default on their mortgage, a study published in Proceedings of the National Academy of...
S&P/Case-Shiller: Home Prices Jumped 1.7% In April
U.S. home prices increased an average of 1.7%, seasonally adjusted, in April compared to March in the top 20 metropolitan markets, according to...
Fed’s Announcement On Tapering Spurs 3% Dip In Mortgage Applications
Interest rates spiked following the Federal Reserve's announcement last Wednesday that it would start tapering its stimulus program at the end of this...
New Home Sales Increased 2.1% In May Despite Rising Prices
Separate reports from the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) confirm what many people already...
AARP Pushing For HECM Reform
AARP, one of the largest and most powerful lobbying groups in Washington, D.C., is advocating for reforms to the Home Equity Conversion Mortgage...
LPS: Home Prices Up 1.5% In April
U.S. home prices continued to rise in April, increasing 1.5% compared to March, according to Lender Processing Services' (LPS) U.S. Home Price Index...
Foreclosure Not A Barrier To Landing Job On Wall Street?
Can someone who has gone through foreclosure still get a job on Wall Street? Would you be surprised if the answer is 'yes?'...
Fitch: Housing Starts Could Be Slowed By Lack Of Skilled Labor
Due to the fact that so many construction workers left to find other work during the recession, there is now a serious lack...
Timios National Corp. Acquires Glenn County Title Co.
Westlake Village, Calif.-based Timios National Corp., a national provider of real estate services to banks, financial institutions and mortgage lenders, has expanded into...
Zillow: 60% Of Homeowners To Invest In Their Homes This Summer
Although home sales are on the rise and the market is rebounding, many Americans remain 'stuck' in their homes, either because they are...
Zillow: Home Prices Continue To Rise
U.S. home prices rose 0.5%, month over month, and 5.4%, year over year, in May, reaching an average price of $159,000, according to...
RealtyTrac: 20% Of Homes In Foreclosure Sitting Empty
About 167,680 U.S. homes in the foreclosure process were sitting empty as of June, having been vacated by the owners, according to RealtyTrac's...
MBA: Fannie And Freddie Need Standardized Underwriting
Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac should be required to use a single, standardized automated underwriting system (AUS) to give consumers...
NRMLA Throws Support Behind HECM Reform Bill
The National Reverse Mortgage Lenders Association (NRMLA) is throwing its weight behind a bill introduced in the U.S. Senate that would help the...