New Survey Predicts 2013 Home Prices To Rise 3.1%
A new survey of 105 economists and real estate industry experts is forecasting home prices to rise 3.1% in 2013. The survey -...
S&P/Case-Shiller, LPS Track 4.3% Annual Rise In October Home Prices
Home prices in October were on the rise, according to a pair of new data surveys. The 10- and 20-city composites in the...
PIMCO CEO To Chair President’s Global Development Council
The White House has announced that Mohamed A. El-Erian, CEO and co-chief investment officer of Pacific Investment Management Co. LLC (PIMCO), was appointed...
CertusBank Acquires Resource Financial Services
Greenville, S.C.-based CertusBank has announced its agreement to purchase Resource Financial Services Inc. of Columbia, S.C., an independently owned mortgage company. Founded in...
MVB Financial Closes On PMG Purchase
MVB Financial Corp., based in Fairmont, W. Va., has closed its previously announced acquisition of Reston, Va.-based Potomac Mortgage Group LLC (PMG). The...
North Dakota Leads Nation In Population Growth
Originators in search of a fast-growing market should consider setting up shop in North Dakota. According to new data released by the U.S....
Freddie Mac Chief Economist: Fiscal Cliff Will Damage Housing Recovery
The new year will not be a happy one for the housing market if the federal government cannot resolve the fiscal cliff dilemma,...
Aite Group: Mobile Banking Transactions Will Triple By 2016
The financial services industry has vigorously responded to the growing number of consumers using mobile devices to conduct financial transactions and activities, according...
Wright House Threatened With Demolition Is Sold For $2.3M
The fate of a Frank Lloyd Wright-designed house in Arizona that was threatened with demolition by its owners has been resolved with the...
FHFA Denies Reports That GSEs Lost Billions In LIBOR Rigging
The Federal Housing Finance Agency (FHFA) is disputing news reports that Fannie Mae and Freddie Mac lost billions of dollars as a result...
Zillow: U.S. Homes Gained $1.3T In Value During 2012
U.S. homes are expected to gain more than $1.3 trillion in cumulative value in 2012, the first annual gain in more than five...
NAR: Existing-Home Sales Up In November
Existing-home sales continued their upward trend in November, according to the National Association of Realtors (NAR). NAR reports that total existing-home sales rose...
MBA Convenes Task Force To Study GSE Reform
The Mortgage Bankers Association (MBA) has launched a task force designed to offer a strategy for comprehensive reform of the government-sponsored enterprises (GSEs)....
Kevin Watters To Lead Mortgage Banking At JPMorgan Chase
JPMorgan Chase, the nation's second largest home loan originator, has named Kevin Watters CEO of mortgage banking. Previously, Watters was head of mortgage...
Mortgage Applications, Refi Activity Down Last Week
Both mortgage applications and refinance activity fell during the week ending Dec. 14, according to the Mortgage Bankers Association's (MBA) weekly mortgage applications...
MREC Announces First Project In Delaware
Mountain Real Estate Capital (MREC) has announced the closing of a new investment with Ocean Atlantic Cos. to acquire and build out Breakwater,...
UBS To Pay $1.5B Fine For LIBOR Rigging
Swiss bank UBS has agreed to pay a $1.5 billion fine for its role in manipulating the London Interbank Offered Rate (LIBOR). Reuters...
Housing Starts Down In November
Single-family housing starts in November were at a rate of 565,000, which is 4.1% below the revised October figure of 589,000, according to...
Canada Offers Legal Framework For Covered Bonds Market
The Canada Mortgage and Housing Corp. (CMHC), the national housing agency, has announced the details of the legal framework for the issuance of...
Builder Confidence Rises Again
Builder confidence in the market for newly built, single-family homes rose for an eighth consecutive month in December to a level of 47...