The total amount recovered from litigation against banks that sold toxic residential mortgage-backed securities to corporate credit unions has now reached $2.2 billion with two recently announced pending settlements, according to an announcement from the National Credit Union Association, chief regulator for credit unions in the United States.
Read More »Morgan Stanley Endures Q3 Losses Due to Volatility in Global Markets
Investment banking firm Morgan Stanley’s net revenues for the third quarter of 2015 were down by more than $1 billion from Q3 2014, according to the firm’s Q3 2015 earnings statement released Monday.
Read More »LenderLive Welcomes New Regional Account Executive
Domestic-based end-to-end mortgage services provider LenderLive, based in Denver, Colorado, announced that Jeffrey Lewis has joined the company as a regional account executive for the firm’s Correspondent Lending line, covering New Jersey and Eastern Pennsylvania.
Read More »Auction.com Acquires Allre and Hires Founder as SVP of Product Strategy
Irvine, California-based online real estate marketplace Auction.com has announced the acquisition of online real estate marketplace Allre and the hiring of Allre’s founder, Kathy Dryden, as SVP of product strategy.
Read More »Parties Need to Come to an Agreement on How to Fix the Housing Crisis, Presidential Candidate Christie Says
The housing crisis has been referred to as a “silent” crisis by former HUD Secretary Henry Cisneros and former Senator Scott Brown, both of whom spoke at Friday’s event, because no one wants to talk about it. But when it comes to issues like income inequality, low homeownership rates, and people losing their homes due to foreclosure, why is it not talked about more often in the news and elsewhere?
Read More »HUD Secretary Castro to Announce Hillary Clinton Endorsement Thursday
HUD Secretary Julián Castro, whose name has been bantered for months as a possible vice presidential candidate, plans to announce his endorsement for former U.S. Secretary of State and Democratic presidential hopeful Hillary Clinton on Thursday.
Read More »SFR Rehab Cost May Be Lowered By Removing Waste From Process
With the costs of labor and materials increasing, investors and contractors are constantly searching for ways to lower the cost of doing business when it comes to renovating or rehabbing their rental properties. The key is removing waste from the process.
Read More »SFR Space Experiences Sustainable Growth From Confluence of Factors
A confluence of factors has created the "perfect storm" for sustained growth in the single-family rental market, according to one expert in the Securities Lab of the Inaugural Five Star Institute Single-Family Rental Summit on Monday, October 12, in Las Vegas.
Read More »Single-Family Rental Market: Viable or Dying Out?
One of the hot topics on Monday at a panel discussion at the Five Star Institute's Inaugural Single-Family Rental Summit was whether or not the SFR market has the longevity to survive or if it's going to die out.
Read More »Former Fed Chair Bernanke Says Individuals Should be Held Accountable for Crisis
Former Federal Reserve Chairman Ben Bernanke said on Thursday that he believes the U.S. government should have sought the prosecution of individuals for their roles in precipitating the 2008 financial crisis rather than companies.
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