The firm's recent multi-billion dollar settlement to resolve claims of mortgage-backed securities fraud put a huge dent in their profits for the fourth quarter.
Read More »Racing Ahead: Unexpected Markets Finish 2015 on Top
Homes sales finished 2015 in convincing fashion, following two straight months of sluggish sales. Read on to see which cities experienced the largest gains in 2015.
Read More »Housing Starts Take a Tumble in December
Residential construction was tricky in December 2015 as both housing starts and building permits posted disappointing numbers, but builder confidence remains elevated and year-end totals hit 2007 levels.
Read More »Rate Hikes Low on the List of Worries for Most Americans
Concern over what will happen now that the Fed has raised the interest rate for the first time in a decade‒‒and with further increases on the way‒‒is surprisingly minimal. Read on to see which group of Americans are not particularity worried about future rate hikes.
Read More »Citigroup Posts Best Yearly Income Since 2006; Wells Fargo Holds Steady
While the approaching date of December 25, 2015, meant it was beginning to look a lot like Christmas for many, for Citigroup it was beginning to look like the pre-crisis year of 2006.
Read More »Campbell Lewis Communications Welcomes New Managing Director
Campbell Lewis Communications, an integrated marketing communications agency for financial services, information, and technology clients, announced Robert Visini in the role of Managing Director.
Read More »Clayton Holdings Opens New Silicon Valley Office
Clayton Holdings LLC, a provider of loan due diligence, surveillance, REO management, and consulting services to the mortgage industry, recently announced that it has opened a consulting office in Silicon Valley.
Read More »Freddie Mac, Lenders One Partner to Help Mortgage Bankers in 2016
Freddie Mac and the Lenders One Mortgage Cooperative recently partnered to help mortgage bankers boost their business in 2016.
Read More »Multi-Generational Households Grow in Number
More U.S. families are opting to live together in one household for a number of reasons, but are these multi-generational homes hindering new household formation?
Read More »The Rent vs. Buy Dilemma: Affordability Depends on the City
For many years, buying a home has been considered to be a no-brainer and an obvious choice when compared to renting a home, but that perception has been altered as the housing market continues to change.
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