According to the release of the investment banking firm’s Q1 earnings statement on Monday, citing market volatility during the first quarter, Morgan Stanley reported a net income decline of more than 50 percent year-over-year.
Read More »Altisource Teams Up With Habitat for Humanity
Altisource Portfolio Solutions S.A., a provider of real estate, mortgage, and technology services, announced a global collaboration with Habitat for Humanity to fund a range of sustainable housing and neighborhood revitalization programs worldwide.
Read More »The Week Ahead: The Ripple Effect of the Housing Shortage
The continuous imbalance of extremely low inventory levels and soaring demand is creating a gap in the housing market. Existing-home sales have been in limbo since the start of the year mostly due to the lack of available housing options in market. Where will they fall this week?
Read More »Freedom Mortgage Resolves FHA Allegations
Freedom Mortgage Corp., is the latest company to resolve claims that it violated the False Claims Act by knowingly originating and underwriting single-family mortgage loans insured by the FHA that did not meet the mortgage insurer's requirements.
Read More »10 Real Estate Investment Hot Spots
New, healthy housing markets are emerging in the midst of continued improvement in the job market. Which markets present the most opportunity for investors?
Read More »Five Star Announces Formation of the SFRA
The Five Star Institute President and CEO, Ed Delgado, has announced the formation of the Single-Family Rental Association, a member-led conduit for connection and training in the growing single-family rental market.
Read More »CoreLogic to Bring GSE Condo Project Questionnaires into CondoSafe
CoreLogic, a global property information, analytics, and data-enabled services provider, announced that its condominium project review solution, CondoSafe, will support the new Fannie Mae and Freddie Mac Condominium Project Questionnaires that the GSEs announced on March 29, 2016.
Read More »Mortgage Banking Sector Suffers at PNC
The PNC Financial Services Group's residential mortgage banking division faced losses at the start of the year due to losses related to mortgage servicing rights and lower loan sales.
Read More »Will FHFA’s Principal Reduction Affect GSE Bottom Lines?
Fannie Mae and Freddie Mac will soon be required to offer principal reduction to certain seriously delinquent, underwater borrowers that are grappling with the after effects of the crisis. How will this affect the GSE bottom lines?
Read More »Wells Fargo’s Profits Fold Under Pressure
With intense pressure stemming from falling oil prices, historically low interest rates, and volatile financial markets profits at San Francisco-based Wells Fargo did not come in strong for the first quarter of 2016.
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