Housing affordability rose close 1 percentage point up to 74.9 percent in the fourth quarter of 2012, according to the NAHB's Housing Opportunity Index.
Read More »Monitor: Servicers Have Paid $46B in Relief Since National Mortgage Settlement
The servicers involved in last year's settlement have provided assistance in the amount of $45.83 billion to 550,000 homeowners, according to the Office of Mortgage Settlement Oversight.
Read More »Conference Board: Economic Indicators Looking Up
Both leading economic indicators and lagging economic indicators for the U.S. economy rose in January, according to the Conference Board.
Read More »Motivity Solutions Becomes Preferred Vendor for Lenders One
Lenders One Mortgage Cooperative, a national alliance of mortgage bankers, lenders, and suppliers, announced Tuesday its members will benefit from access to Motivity Solutions' Movation technology at a discounted rate.
Read More »Paper Details Hurdles to Low-Price Housing Policies
There are nearly 400 mandatory inclusionary housing policies designed to low-priced housing within market-rate developments.
Read More »New Real Estate Investment Firm Targets High Net Worth Investors
Capital Square Management announced last week the introduction of a new venture, Capital Square Real Estate Advisors, LLC, a new investment firm for high net worth investors.
Read More »Gibraltar Capital and Asset Management Acquires $33M in New Acquisitions
Gibraltar Capital and Asset Management, a wholly-owned subsidiary of Horsham, Pennsylvania-based Toll Brothers, Inc., recently acquired four new loan portfolios totaling more than $33 million.
Read More »360 Mortgage Group Calls for HARP 3.0
While the revised Home Affordable Refinance Program (HARP), commonly referred to as HARP 2.0, has allowed far more homeowners to refinance than the original version, there remains a large group of eligible homeowners who have yet to take advantage of the program.
Read More »Edward Jones Mortgage Cites Regulatory Reform as Reason for Closure
Citing changes in regulatory reform due to Dodd-Frank as the driving factor, Edward Jones Mortgage, based in St. Louis Park, Minnesota, will close its doors permanently in April. The office has been writing residential mortgages since 1998 and ceased writing them in January.
Read More »Low Labor Availability Slowing Housing Construction
One real estate consulting firm has noticed a substantial divide between housing starts and completions and points to labor as the major factor.
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