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Author Archives: Abby Gregory

London Home Breaks World Record for Most Expensive Listing

In London, a home that's considered to be the largest single-family residence in the city has hit the market for a mind-blowing $484 million. According to Curbed, if the home achieves anything close to its list price, it will become the most expensive property ever sold in London.

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Survey: More Women Aspire to Homeownership

TD Bank is capturing the consumer perspective on the American Dream of homeownership, recently releasing the results of its Home Buyer Poll. Among TD Bank's most significant findings - statistics showing that women are nearly 10 percent more likely to aspire to purchase property than men. According to TD Bank's survey, 64 percent of women believe that homeownership is "essential in defining the American Dream."

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Online Lending Shows Strong Momentum in August

Online lending continues to boom, and at least one mortgage-shopping website is reporting that the housing market is heating up, based on site statistics. Citing strong findings from August, MortgageMarvel.com revealed that the number of applications for purchases and refinances submitted during the month quadrupled on a year-over-year basis.

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Home Pricing Showing Strength Heading into September

The September data release from Clear Capital heralds good news for home pricing around the country. According to the company's Home Data Index Market Report, national price improvements observed through the end of summer mark four consecutive months of year-over-year gains. U.S. home pricing rose by 2.9 percent on a year-over-year basis to end August, and Clear Capital noted that the recorded growth "on this non-seasonally influenced metric shows fundamental strength fueling gains, rather than a boost from the summer buying season."

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Financial Institution Sells Majority of Mortgage Business

In California, a financial institution is selling the majority of its mortgage business to facilitate a return of capital agreement in conjunction with a previous acquisition deal. Redding-based Bank of Commerce Holdings has announced that 51 percent of Bank of Commerce Mortgage has been sold back to Simonich Corporation, following a 2009 capital stock purchase transaction between the two entities.

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Alternative Modification Programs Gaining Traction

Struggling borrowers in need of alternative home loan modifications are getting a helping hand from a Texas-based mortgage lender and servicer. Homeward Residential, Inc., has rolled out a new program for consumers who are unable to qualify for modification options through federal initiatives.

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Florida Home with Infamous Past Lists for $1M

A home with a very dubious history has hit the market in Ocklawaha, Florida. The former residence of Kate "Ma" Barker - she's the mother of famous gangsters, the Barker brothers - has been listed for $1 million. The property, which Barker was renting under an assumed name at the time, was the site of her demise in 1935 when she was shot by police following a four-hour standoff.

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Michael Strahan Lists Hermosa Beach Home

Michael Strahan, one of the most memorable players to ever wear a New York Giants uniform, has listed his California estate for $1.849 million. The former defensive end and current football analyst for Fox is set to take a loss on the Hermosa Beach property, which he purchased for $2.2 million in 2005.

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Fairway Independent Mortgage Expanding in Georgia

Fairway Independent Mortgage Corporation is expanding its footprint, recently announcing the opening of a new office in the Southeast. The lender's latest location will be based in Pooler, Georgia, and Fairway's nationwide presence now encompasses 129 branches around the country.

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Real Housewife Puts Family Estate on the Market

Reality television star Camille Grammer, best known for her high-profile marriage and divorce with actor Kelsey Grammer, has put her Malibu, California, estate on the market for $17.9 million. The large home, which Realestalker.com dubs a family compound, sits on 4.77 acres, and the gated property includes equestrian facilities, a tennis court, swimming pool, lily pond, and two spas.

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