NAR: Home Prices Up In Q2
Home prices rose during the second quarter, according to new data from the National Association of Realtors (NAR), with the median existing single-family...
Scotiabank Economists Forecast 10% Drop In Canadian Home Prices By 2015
The downside risks to Canada's housing market are beginning to increase, and home prices could face a 10% drop by 2015, according to...
Interthinx: Chattanooga Leads The Nation In Mortgage Fraud Risk
Chattanooga, Tenn., has earned the unwelcome status of the riskiest metropolitan statistical area (MSA) for mortgage fraud, according to the latest Mortgage Fraud...
Fannie Mae Earns $5.1B In Q2 Net Income
Fannie Mae has reported net income of $5.1 billion in the second quarter of this year, up from $2.7 billion in the first...
Aisle Five: Marmite, Mushy Peas And Mortgages
British shoppers who buy their groceries at the Tesco supermarket chain can now add mortgages to their shopping carts. The Wall Street Journal...
YES! Communities, Stockbridge Capital Acquire Manufactured Housing Portfolio
YES! Communities, a Denver-based owner and operator of manufactured housing communities, and Stockbridge Capital Group, a real estate investment management firm in San...
MBA: Mortgage Applications Down 1.8%
Mortgage applications decreased 1.8% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) weekly mortgage applications survey for the...
REISA Names New Leader
The Real Estate Investment Securities Association (REISA) has named John P. Harrison its new executive director and CEO. Harrison comes to the Indianapolis-based...
CDFI Fund Allocates $186M To Low-Income Communities
The U.S. Department of the Treasury has awarded more than $186 million to 210 organizations serving low-income communities as part of its Community...
Freddie Mac Reports $3B In Q2 Net Income
Freddie Mac reported net income of $3 billion for the second quarter of this year, up from a reported net income of $577...
CoreLogic: Home Prices Up In June
Home prices nationwide, including distressed sales, increased on a year-over-year basis by 2.5% in June, according to data from Santa Ana, Calif.-based CoreLogic....
Illinois Community Bank Is Shut Down
Waukegan Savings Bank, based in Waukegan, Ill., was closed by the Illinois Department of Financial and Professional Regulation, which appointed the Federal Deposit...
Treasury Underwrites $4.5B Public Offering Of AIG Stock
The U.S. Department of the Treasury has launched an underwritten public offering of $4.5 billion of its American International Group Inc. (AIG) common...
NAHB Improving Markets Index Covers 80 MSAs In August
A total of 80 metropolitan statistical areas (MSAs) across 32 states and the District of Columbia were listed as improving housing markets on...
Robert M. Wilson Jr., Chairman Of Wilson & Associates, Dies At 60
Robert M. Wilson Jr., founder and chairman of Little Rock, Ark.-based law firm Wilson & Associates PLLC, has passed away following a two-year...
Industry Veterans Launch D.C. Lobbying Firm
Mortgage industry veterans Kevin Breeland and Stan Gordon are partnering in DC Solutions Group LLC, a new Washington, D.C.-based venture designed to represent...
CertusBank Acquires Myers Park Mortgage
Greenville, S.C.-based CertusBank N.A. announced today the acquisition of Charlotte, N.C.- based Myers Park Mortgage Inc. According to CertusBank, the addition of the...
CFPB Subpoenas Four Mortgage Insurance Companies
The Consumer Financial Protection Bureau (CFPB) has served subpoenas against four major mortgage insurance companies. According to an Associated Press report, subpoenas were...
Maxine Waters Probe Could Run Up $1.3M In Legal Bills
The House Ethics Committee probe of Rep. Maxine Waters, D-Calif., could result in legal bills of up to $1.3 million. According to a...
State Housing Finance Agencies Experiencing Balance Sheet Shrinkage
U.S. state housing finance agencies (SHFAs) saw their balance sheets shrink to unprecedented lows in 2011 due to the low interest rate environment's...